Baltic Court Residents Association Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02168912 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BALTIC COURT RESIDENTS ASSOCIATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Holden

J Pilgrim Morris

J Young

REGISTERED OFFICE:

1 Rushmills

Northampton

Northamptonshire

NN4 7YB

REGISTERED NUMBER:

02168912 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

6,679

TOTAL ASSETS LESS CURRENT LIABILITIES

6,679

CAPITAL AND RESERVES

Called up share capital

5

6

Share premium

6,673

SHAREHOLDERS' FUNDS

6,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

M Holden - Director

1.	STATUTORY INFORMATION

Baltic Court Residents Association Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

All fixed assets are initially recorded at cost.

In preparation of the introduction of Financial Reporting Standard 102, a revaluation of freehold property was undertaken. The company has chosen to elect this valuation of freehold property as deemed cost on transition to FRS102.

Depreciation is not provided on freehold property which is not in accordance with the requirements of FRS 102. The departure is on the grounds that the depreciation charge and related accumulated depreciation balance are not material, owing to a long estimated useful life and high residual value.

Service charge funds

The company is responsible for the management of the property known as Baltic Court and has instructed a managing agent to collect service charges from lessees in order to fund expenditure incurred in the management of the property. The service charge funds are held in trust on behalf of the leaseholders as required by Section 42 of the Landlord & Tenant Act 1987. All service charge transactions relating to the management of the property are reported separately and are excluded from the company's financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

6,679

NET BOOK VALUE

At 31 December 2024

6,679

At 31 December 2023

6,679

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

6

Ordinary Shares

£1

6