Registration number:
Hollydene Residents Association Ltd
for the Year Ended 31 December 2024
Hollydene Residents Association Ltd
Contents
|
Company Information |
|
|
Directors' Report |
|
|
Accountants' Report |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Hollydene Residents Association Ltd
Company Information
|
Directors |
CL Buckingham A J Hinchcliffe V Delvaille A M Thompson S Northover T Atkins H George Mr K Dafos A J O'Neill |
|
Company secretary |
CL Buckingham |
|
Registered office |
|
|
Accountants |
|
Hollydene Residents Association Ltd
Directors' Report for the Year Ended 31 December 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is management of the property Hollydene, 17 Beacon Road, London SE13 6ES
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
|
......................................... |
|
......................................... |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hollydene Residents Association Ltd
for the Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hollydene Residents Association Ltd for the year ended 31 December 2024 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Hollydene Residents Association Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Hollydene Residents Association Ltd and state those matters that we have agreed to state to the Board of Directors of Hollydene Residents Association Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hollydene Residents Association Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hollydene Residents Association Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Hollydene Residents Association Ltd. You consider that Hollydene Residents Association Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hollydene Residents Association Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Bromley
Kent
BR1 3QD
Date:.............................
Hollydene Residents Association Ltd
(Registration number: 04106170)
Balance Sheet as at 31 December 2024
|
Note |
2024 |
2023 |
|
|
Fixed Assets |
|||
|
Tangible Assets |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Net assets |
|
|
|
|
Capital and Reserves |
|||
|
Called up share capital |
40 |
40 |
|
|
Other reserves |
16,978 |
11,380 |
|
|
Shareholders' funds |
17,018 |
11,420 |
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.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
......................................... |
|
......................................... |
Hollydene Residents Association Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
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.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Going concern
Revenue recognition
Turnover 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. Turnover is shown net of sales/value added tax,
returns, rebates and discounts.
Tangible Assets
Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Freehold |
not provided |
Cash and cash equivalents
The cash and bank balance shown in the accounts is held by the Company on trust of Shareholders.
Trade Debtors
Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade Debtors 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 trade debtors 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.
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.
Hollydene Residents Association Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
|
Profit before tax |
Arrived at after charging/(crediting)
|
2024 |
2023 |
|
Tangible Assets |
|
Land and buildings |
Total |
|
|
Cost or valuation |
||
|
At 1 January 2024 |
|
|
|
At 31 December 2024 |
|
|
|
Depreciation |
||
|
Carrying amount |
||
|
At 31 December 2024 |
|
|
|
At 31 December 2023 |
|
|
Included within the net book value of land and buildings above is £5,402 (2023 - £5,402) in respect of freehold land and buildings.
|
Debtors |
|
Current |
2024 |
2023 |
|
Other debtors |
|
|
|
|
|
Hollydene Residents Association Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
|
Creditors |
Creditors: amounts falling due within one year
|
2024 |
2023 |
|
|
Due within one year |
||
|
Accruals and deferred income |
|
|
|
Other creditors |
- |
|
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
40 |
|
40 |