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Company No: 03788281 (England and Wales)

# KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

### (A company limited by guarantee)

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 August 2025
KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 485 |  | 469
Cash at bank and in hand |  | 25,700 |  | 24,520
|  | 26,185 |  | 24,989
Creditors: amounts falling due within one year | 4 | ( 26,185) |  | ( 24,989)
Net current assets |  | 0 |  | 0
Total assets less current liabilities |  | 0 |  | 0
Net assets |  | 0 |  | 0
Reserves |  |  |  |
Total reserves |  | 0 |  | 0

For the financial year ending 31 August 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 financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Kings Park, Chedburgh Residents Association Limited (registered number: 03788281) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A E Lewis Director |

21 October 2025

KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
KINGS PARK, CHEDBURGH RESIDENTS ASSOCIATION LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Kings Park, Chedburgh Residents Association Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Beeches, 11 Kings Park, Chedburgh, IP29 4TY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents the total income received during the financial year from members to meet the costs of maintaining communal areas and other shared expenses. Income is recognised when it is receivable, provided that the amount can be measured reliably and it is probable that the economic benefits will flow to the association.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 12 |  | 13

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Prepayments | 485 |  | 469

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Accruals | 990 |  | 900
Other creditors | 25,195 |  | 24,089
| 26,185 |  | 24,989

#### 5. Liability of members

The members of the Kings Park, Chedburgh Residents Association Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.