Angmering On Sea Estate Residents Association Limited 05751571 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of residents property management services. Digita Accounts Production Advanced 6.30.9574.0 true true 05751571 2024-04-01 2025-03-31 05751571 2025-03-31 05751571 core:OtherReservesSubtotal 2025-03-31 05751571 core:RetainedEarningsAccumulatedLosses 2025-03-31 05751571 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05751571 bus:SmallEntities 2024-04-01 2025-03-31 05751571 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05751571 bus:FilletedAccounts 2024-04-01 2025-03-31 05751571 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05751571 bus:RegisteredOffice 2024-04-01 2025-03-31 05751571 bus:Director10 2024-04-01 2025-03-31 05751571 bus:Director13 2024-04-01 2025-03-31 05751571 bus:Director9 2024-04-01 2025-03-31 05751571 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 05751571 countries:England 2024-04-01 2025-03-31 05751571 2023-04-01 2024-03-31 05751571 2024-03-31 05751571 core:OtherReservesSubtotal 2024-03-31 05751571 core:RetainedEarningsAccumulatedLosses 2024-03-31 05751571 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 05751571

Angmering On Sea Estate Residents Association Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Angmering On Sea Estate Residents Association Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Angmering On Sea Estate Residents Association Limited

Company Information

Directors | K Hill K F Fleming R C Disney

Registered office | 107 Sea Road East Preston Littlehampton West Sussex BN16 1NX

Accountants | Lucraft Hodgson & Dawes LLP 2/4 Ash Lane Rustington West Sussex BN16 3BZ

Angmering On Sea Estate Residents Association Limited

(Registration number: 05751571)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 2,683 | 4,151
Cash at bank and in hand |  | 119,362 | 121,976
|  | 122,045 | 126,127
Creditors: Amounts falling due within one year | 5 | (40,718) | (56,675)
Net assets |  | 81,327 | 69,452
Capital and reserves |  |  |
Other reserves |  | 27,173 | 27,173
Profit and loss account |  | 54,154 | 42,279
Shareholders' funds |  | 81,327 | 69,452

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and expenditure.

Approved and authorised by the Board on 6 October 2025 and signed on its behalf by:

......................................... K Hill Director | ......................................... K F Fleming Director |

Angmering On Sea Estate Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
107 Sea Road
East Preston
Littlehampton
West Sussex
BN16 1NX
England

These financial statements were authorised for issue by the Board on 6 October 2025.

2 | 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.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises the fair value of service, maintenance and similar charges levied on the residents of the estate.
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.

Angmering On Sea Estate Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Estate charges outstanding

Estate charges outstanding are amounts due from service users for the maintenance of the estate.
Estate charges outstanding are recognised initially at the transaction price. less provision for impairment. A provision for the impairment of estate charges outstanding 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.

Trade creditors

Trade creditors 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

4 | Debtors

Current |
2025 £
2024 £
Estate charges outstanding | 1,773 | 3,599
Prepayments | 399 | 393
Other debtors | 511 | 159
| 2,683 | 4,151

Angmering On Sea Estate Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,090 | 970
Taxation and social security | 1,528 | 1,054
Accruals and deferred income | 1,168 | 2,395
Other creditors | 36,932 | 52,256
| 40,718 | 56,675