Company registration number 01862834 (England and Wales)
SENDALL RESIDENTS ASSOCIATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
SENDALL RESIDENTS ASSOCIATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SENDALL RESIDENTS ASSOCIATION LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
5,529
2,747
Cash at bank and in hand
5,417
2,387
10,946
5,134
Creditors: amounts falling due within one year
4
(2,872)
(2,757)
Net current assets
8,074
2,377
Capital and reserves
Called up share capital
5
31
31
Maintenance reserve
6,731
1,231
Profit and loss reserves
1,312
1,115
Total equity
8,074
2,377

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 October 2025 and are signed on its behalf by:
Dr C D'Amico
Director
Company registration number 01862834 (England and Wales)
SENDALL RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 2 -
1
Accounting policies
Company information

Sendall Residents Association Limited is a private company limited by shares incorporated in England and Wales. The registered office is Penns Cottage, Horsham Road, Steyning, West Sussex, BN44 3LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The accounts have been prepared as the financial statements for the resident management company acting as principal for all transactions during the year. Because of this, transactions entered into have been recognised in the profit and loss report, as per guidance form ICAEW under UITF 92 and previous legislation. The cash balance held by the company is being held on trust for the lessees in accordance with the Landlords and Tenants Act 1987, and is not an asset of the company.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents service charges payable towards the management of property known as Abbotsbury Court, Kings Road, Horsham, West Sussex.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

SENDALL RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
SENDALL RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 4 -
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,491
1,825
Prepayments and accrued income
1,038
922
5,529
2,747
4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,994
1,946
Accruals and deferred income
878
811
2,872
2,757
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 25p each
31
31
8
8
Ordinary B shares of 25p each
93
93
23
23
124
124
31
31
6
Repairs to property

£

Blown lights 180

Bulkhead 304

Refit door hinge 55

Bin store clearance 30

Pest control for rodents 100

Gutter cleaning/repairs 1,013

Entrance matting 170

1,852

2025-04-05 2024-04-06 false false false 10 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity P F W Scott M R Radford D Lees S L Amos Dr C D'Amico E J W Jenkinson 01862834 2024-04-06 2025-04-05 01862834 2025-04-05 01862834 2024-04-05 01862834 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-05 01862834 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-05 01862834 core:CurrentFinancialInstruments 2025-04-05 01862834 core:CurrentFinancialInstruments 2024-04-05 01862834 core:ShareCapital 2025-04-05 01862834 core:ShareCapital 2024-04-05 01862834 core:OtherMiscellaneousReserve 2025-04-05 01862834 core:OtherMiscellaneousReserve 2024-04-05 01862834 core:RetainedEarningsAccumulatedLosses 2025-04-05 01862834 core:RetainedEarningsAccumulatedLosses 2024-04-05 01862834 core:ShareCapitalOrdinaryShareClass1 2025-04-05 01862834 core:ShareCapitalOrdinaryShareClass1 2024-04-05 01862834 core:ShareCapitalOrdinaryShareClass2 2025-04-05 01862834 core:ShareCapitalOrdinaryShareClass2 2024-04-05 01862834 core:ShareCapitalOrdinaryShares 2025-04-05 01862834 core:ShareCapitalOrdinaryShares 2024-04-05 01862834 bus:Director5 2024-04-06 2025-04-05 01862834 2023-04-06 2024-04-05 01862834 bus:OrdinaryShareClass1 2024-04-06 2025-04-05 01862834 bus:OrdinaryShareClass2 2024-04-06 2025-04-05 01862834 bus:OrdinaryShareClass1 2025-04-05 01862834 bus:OrdinaryShareClass1 2024-04-05 01862834 bus:OrdinaryShareClass2 2025-04-05 01862834 bus:OrdinaryShareClass2 2024-04-05 01862834 bus:AllOrdinaryShares 2025-04-05 01862834 bus:AllOrdinaryShares 2024-04-05 01862834 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 01862834 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 01862834 bus:FRS102 2024-04-06 2025-04-05 01862834 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 01862834 bus:Director1 2024-04-06 2025-04-05 01862834 bus:Director2 2024-04-06 2025-04-05 01862834 bus:Director3 2024-04-06 2025-04-05 01862834 bus:Director4 2024-04-06 2025-04-05 01862834 bus:CompanySecretary1 2024-04-06 2025-04-05 01862834 bus:FullAccounts 2024-04-06 2025-04-05 xbrli:pure xbrli:shares iso4217:GBP