MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED 28/02/2025 iXBRL

Company registration number: 06820804

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Unaudited financial statements

28 February 2025

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Contents

Directors and other information

Directors report

Accountant's report

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Directors and other information


	Directors
		Mr S Broom
		Ms S McGuire


	Company number	06820804


	Registered office	15 Lampits Hill
		Corringham
		Essex
		SS17 9AA


	Business address	19 Maywin Drive
		Hornchurch
		Essex
		RM11 3ST


	Accountant	A.W. Fenn & Co
		15 Lampits Hill
		Corringham
		Stanford le Hope
		Essex
		SS17 9AA




	Bankers	HSBC
		173 High Street
		Hornchurch
		Essex
		RM11 3YS

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Directors report

Year ended 28th February 2025

The directors present their report and the unaudited financial statements of the company for the year ended 28th February 2025.

Directors

The directors who served the company during the year were as follows:


Mr S Broom
Ms S McGuire

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 September 2025 and signed on behalf of the board by:

Mr S Broom

Director

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Report to the board of directors on the preparation of the

unaudited statutory financial statements of MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Year ended 28th February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED for the year ended 28th February 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED, as a body, in accordance with the terms of my engagement letter dated 5th August 2021. My work has been undertaken solely to prepare for your approval the financial statements of MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED and state those matters that we have agreed to state to the board of directors of MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED and its board of directors as a body for my work or for this report.

It is your duty to ensure that MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED. You consider that MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

A.W. Fenn & Co

Chartered Certified Accountants

15 Lampits Hill

Corringham

Stanford le Hope

Essex

SS17 9AA

29th September 2025

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Statement of comprehensive income

Year ended 28th February 2025

		2025	2024
	Note	£	£


Turnover		-	-
Other operating income		1,440	1,238
Other operating expenses		( 1,200)	( 1,231)
		_______	_______
Operating profit		240	7

		_______	_______
Profit before taxation		240	7

Tax on profit		-	-
		_______	_______
Profit for the financial year and total comprehensive income		240	7
		_______	_______

All the activities of the company are from continuing operations.

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Statement of financial position

28th February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	32,000		32,000
		_______		_______
			32,000		32,000

Current assets
Cash at bank and in hand		294		84
		_______		_______
		294		84
Creditors: amounts falling due
within one year	6	( 32,595)		( 32,625)
		_______		_______
Net current liabilities			( 32,301)		( 32,541)
			_______		_______
Total assets less current liabilities			( 301)		( 541)

			_______		_______
Net liabilities			( 301)		( 541)
			_______		_______

Capital and reserves
Profit and loss account			( 301)		( 541)
			_______		_______
Members deficit			( 301)		( 541)
			_______		_______

For the year ending 28 February 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 have been prepared 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'.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr S Broom

Director

Company registration number: 06820804

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Statement of changes in equity

Year ended 28th February 2025

	Profit and loss account	Total
	£	£


At 1st March 2023	( 548)	( 548)

Profit for the year	7	7
	_______	_______
Total comprehensive income for the year	7	7

	_______	_______
At 28th February 2024 and 1st March 2024	( 541)	( 541)

Profit for the year	240	240
	_______	_______
Total comprehensive income for the year	240	240

	_______	_______
At 28th February 2025	( 301)	( 301)
	_______	_______

MAYWIN DRIVE RESIDENTS ASSOCIATION LIMITED

Company limited by guarantee

Notes to the financial statements

Year ended 28th February 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 15 Lampits Hill, Corringham, Essex, SS17 9AA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


No provision is made	-	No provision is made

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company is limited by guarantee and has no share capital.

5. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1st March 2024 and 28th February 2025	32,000	32,000
	_______	_______
Depreciation
At 1st March 2024 and 28th February 2025	-	-
	_______	_______
Carrying amount
At 28th February 2025	32,000	32,000
	_______	_______
At 28th February 2024	32,000	32,000
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	32,595	32,625
	_______	_______

7. Controlling party

The company is controlled by its directors.