REGISTERED NUMBER: 02502690 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SOMERVILLE COURT RESIDENTS' ASSOCIATION

LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A C Robinson

J Stapleton

SECRETARY:

J Stapleton

REGISTERED OFFICE:

4 Silver Street

Stockton-On-Tees

TS18 1LS

REGISTERED NUMBER:

02502690 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

A C Robinson

J Stapleton

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J Stapleton - Director

25th September 2025

INCOME

8,600

8,400

Service charge expenditure

8,870

7,790

OPERATING (DEFICIT)/SURPLUS

(270

)

610

Interest receivable and similar income

60

46

(DEFICIT)/SURPLUS BEFORE TAXATION

(210

)

656

Tax on (deficit)/surplus

-

-

(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR

(210

)

656

CURRENT ASSETS

Debtors

4

6,780

3,758

CREDITORS

Amounts falling due within one year

5

6,780

3,758

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

J Stapleton - Director

1.	STATUTORY INFORMATION

Somerville Court Residents' Association Limited is a private company, limited by guarantee , 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.

Income

Income comprises Service Charge contributions and Ground Rents receivable, together with associated income.

Presentation of the income statement

The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property. Within the Balance Sheet on page 4, the Reserve Funds are held to the credit of the lessees and included within creditors.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Service charge owed by lessees

70

60

Other debtors

2,363

-

Bank accounts held

3,850

2,075

Service charge deficit

330

120

Prepayments

167

1,503

6,780

3,758

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

821

248

Other creditors

1,066

-

Reserve fund

4,203

2,944

Accrued expenses and deferred

690

566

6,780

3,758

6.

RESERVES

Income

and

expenditure

account

£

Deficit for the year

(210

)

Transfer to Service Charge Account

210

At 31st December 2024

-