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COMPANY REGISTRATION NUMBER: 02048203

East Gallops Residents Association Limited

Filleted Unaudited Financial Statements

31 March 2025

East Gallops Residents Association Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Current assets

Debtors | 5 | 4,808 |  | 4,616
Cash at bank and in hand | 36,282 |  | 31,847
| -------- |  | --------
| 41,090 |  | 36,463

Creditors: amounts falling due within one year | 6 | 5,343 |  | 2,759
| -------- |  | --------
Net current assets |  | 35,747 | 33,704
|  | -------- | --------
Total assets less current liabilities |  | 35,747 | 33,704
|  | -------- | --------
Net assets |  | 35,747 | 33,704
|  | -------- | --------

Capital and reserves

Called up share capital | 7 |  | 19 | 19
Profit and loss account |  | 35,728 | 33,685
|  | -------- | --------
Shareholders funds |  | 35,747 | 33,704
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 October 2025 , and are signed on behalf of the board by:

A Morris | A Stafford
Director | Director

Company registration number: 02048203

East Gallops Residents Association Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Goldlay House, Parkway, Chelmsford, Essex, CM2 7PR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover as shown in the income and expenditure account represents maintenance charges receivable from residents.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Average number of employees
The average number of employees during the year was 2 (2024: 3) which consisted of the directors only.
5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 78 | 209
Prepayments and accrued income | 4,730 | 4,407
| ------- | -------
| 4,808 | 4,616
| ------- | -------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 1,673 | 1,202
Accruals and deferred income | 3,520 | 1,557
Corporation tax | 150 | –
| ------- | -------
| 5,343 | 2,759
| ------- | -------

7. Called up share capital
Authorised share capital

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 19 | 19 | 19 | 19
| ---- | ---- | ---- | ----

8. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.