Acorah Software Products - Accounts Production 16.6.920 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 02722745 Ms Charlotte Brind Mr Roger Jones Mr Neil Parker Mrs Sylwia Wajszczyk iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02722745 2024-06-30 02722745 2025-06-30 02722745 2024-07-01 2025-06-30 02722745 frs-core:CurrentFinancialInstruments 2025-06-30 02722745 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-06-30 02722745 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 02722745 frs-core:SharePremium 2025-06-30 02722745 frs-core:ShareCapital 2025-06-30 02722745 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02722745 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 02722745 frs-bus:SmallEntities 2024-07-01 2025-06-30 02722745 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 02722745 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 02722745 frs-bus:Director1 2024-07-01 2025-06-30 02722745 frs-bus:Director2 2024-07-01 2025-06-30 02722745 frs-bus:Director3 2024-07-01 2025-06-30 02722745 frs-bus:Director4 2024-07-01 2025-06-30 02722745 frs-countries:EnglandWales 2024-07-01 2025-06-30 02722745 2023-06-30 02722745 2024-06-30 02722745 2023-07-01 2024-06-30 02722745 frs-core:CurrentFinancialInstruments 2024-06-30 02722745 frs-core:SharePremium 2024-06-30 02722745 frs-core:ShareCapital 2024-06-30
Registered number: 02722745
St. James' Gate Residents Company Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02722745
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
1 1
CURRENT ASSETS
Debtors 5 - 1,105
Cash at bank and in hand 162,817 148,355
162,817 149,460
Creditors: Amounts Falling Due Within One Year 6 (674 ) (2,879 )
NET CURRENT ASSETS (LIABILITIES) 162,143 146,581
TOTAL ASSETS LESS CURRENT LIABILITIES 162,144 146,582
PROVISIONS FOR LIABILITIES
Maintenance fund provision (160,824 ) (145,262 )
NET ASSETS 1,320 1,320
CAPITAL AND RESERVES
Called up share capital 7 220 220
Share premium account 1,100 1,100
SHAREHOLDERS' FUNDS 1,320 1,320
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Sylwia Wajszczyk
Director
10/10/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
St. James' Gate Residents Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02722745 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is stated at the value of contributions receivable from members.
Service charges
Service charges are charged to the lessees each year based on the budgeted expenditure. Any deficit or
surplus arising where the actual expenditure does not equal the budgeted expenditure is reflected in the
accounts as a debtor or creditor and is recovered from, or refunded to, lessees in the course of the following
year by way of an adjustment to that year's service charge.
2.3. Tangible Fixed Assets and Depreciation
Land and buildings Freehold           No depreciation is charged on the freehold property as it is not material.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Maintenance fund provision
The company has an obligation to ensure that certain communal areas are kept in good repair and decorative
order. This includes major restoration and redecoration work every few years. It has been decided that a
separate provision should be maintained to cover the expected costs and appropriations are made from the
profit and loss account for this purpose.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 July 2024 1
As at 30 June 2025 1
Net Book Value
As at 30 June 2025 1
As at 1 July 2024 1
5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 1,105
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 224
Other creditors 674 2,655
674 2,879
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 220 220
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