Registration number:
Threeways (Teddington) Residents Association Limited
for the Year Ended 31 December 2024
Threeways (Teddington) Residents Association Limited
Contents
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Company Information |
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Director's Report |
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Income statement |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Threeways (Teddington) Residents Association Limited
Company Information
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Director |
Susan Josephine New |
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Company secretary |
Kirpal Kaur Dale |
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Registered office |
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Accountants |
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Threeways (Teddington) Residents Association Limited
Director's Report for the Year Ended 31 December 2024
The director presents her report and the financial statements for the year ended 31 December 2024.
Principal activity
The principal activity of the company is to manage, administer and deal with such lands, buildings and real property known as Threeways, Teddington Park Road, Teddington.
Director of the company
The director who held office during the year and up to the date of approval of this report was as follows:
Going concern
The director has considered financial projections for the company over the foreseeable future. After making enquiries, the director is satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, she continues to adopt the going concern basis in preparing the financial statements.
Director's liabilities
The company has made qualifying third party indemnity provisions for the benefit of its directors which were made during the year and remain in force at the date of this report.
Small companies provision statement
The directors have taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the directors’ report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.
Approved and authorised by the
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Threeways (Teddington) Residents Association Limited
Income statement
for the Year Ended 31 December 2024
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Note |
2024 |
2023 |
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Revenue |
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Other expenses |
( |
( |
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Operating loss |
( |
( |
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Other interest receivable and similar income |
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Profit/(loss) before tax |
- |
- |
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Profit/(loss) for the year |
- |
- |
Total recognised gains and losses
The company has no recognised gains or losses for the year other than the results above. Therefore no separate Statement of Comprehensive Income has been presented.
Threeways (Teddington) Residents Association Limited
(Registration number: 00906394)
Statement of Financial Position as at 31 December 2024
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Note |
2024 |
2023 |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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( |
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Total assets less current liabilities |
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Provisions for liabilities |
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( |
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Net assets |
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Equity |
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Called up share capital |
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Shareholders' funds |
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For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
The financial statements of Threeways (Teddington) Residents Association Limited were approved and authorised for issue by the
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Director
Threeways (Teddington) Residents Association Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024
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General information |
Threeways (Teddington) Residents Association Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
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Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
The director has considered financial projections for the company over the foreseeable future. After making enquiries, the director is satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial
statements. Accordingly, she continues to adopt the going concern basis in preparing the financial statements.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Critical judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Threeways (Teddington) Residents Association Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)
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Accounting policies (continued) |
Revenue recognition
Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Receivables
Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Threeways (Teddington) Residents Association Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)
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Accounting policies (continued) |
Financial instruments
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Interest receivable and similar income |
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2024 |
2023 |
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Interest income on bank deposits |
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Staff numbers |
The average number of persons employed by the company (including directors) during the year was 0 (2023 - 0).
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Receivables |
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Current |
2024 |
2023 |
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Prepayments |
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Cash and cash equivalents |
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2024 |
2023 |
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Cash at bank |
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Payables |
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2024 |
2023 |
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Due within one year |
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Trade payables |
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Accruals |
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Threeways (Teddington) Residents Association Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)
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Provisions for liabilities |
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Other provisions |
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At 1 January 2024 |
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Additional provisions |
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At 31 December 2024 |
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Share capital and reserves |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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90 |
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90 |
The company has one class of share capital which carries no right to fixed income.