Registered number
02475334
Wellsfield Road Association Limited
Company limited by guarantee
Filleted Accounts
31 March 2025

Wellsfield Road Association Limited
Company limited by guarantee
Registered number: | 02475334
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 1,146 |  |  | 1,146
Current assets
Debtors | 4 |  | 250 |  |  | 193
Cash at bank and in hand |  |  | 18,201 |  |  | 16,113
|  |  | 18,451 |  |  | 16,306
Creditors: amounts falling due within one year | 5 |  | (520) |  |  | (479)
Net current assets |  |  |  | 17,931 |  |  | 15,827
Net assets |  |  |  | 19,077 |  |  | 16,973
Capital and reserves
Profit and loss account |  |  |  | 19,077 |  |  | 16,973
Members' funds |  |  |  | 19,077 |  |  | 16,973
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs B Teece
Director
Approved by the board on 23 September 2025

Wellsfield Road Association Limited
Company limited by guarantee
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover represents the amounts collected in each year from the residents of Wellsfield Road, West Wittering.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| No depreciation is provided on Land and buildings
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 7 |  | 7
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 April 2024 | 1,146
| At 31 March 2025 | 1,146
| Depreciation
| At 31 March 2025 | -
| Net book value
| At 31 March 2025 | 1,146
| At 31 March 2024 | 1,146
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 250 |  | 193
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other creditors | 520 |  | 479
6 | Other information
| Wellsfield Road Association Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
| Demar House, 14 Church Road
| East Wittering
| Chichester
| West Sussex
| PO20 8PS

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