0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02054327 2024-04-01 2025-03-31 02054327 2025-03-31 02054327 2024-03-31 02054327 2023-04-01 2024-03-31 02054327 2024-03-31 02054327 2023-03-31 02054327 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02054327 core:PlantMachinery 2024-04-01 2025-03-31 02054327 bus:Director3 2024-04-01 2025-03-31 02054327 core:WithinOneYear 2025-03-31 02054327 core:WithinOneYear 2024-03-31 02054327 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 02054327 core:PlantMachinery 2024-03-31 02054327 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 02054327 core:PlantMachinery 2025-03-31 02054327 core:ShareCapital 2025-03-31 02054327 core:ShareCapital 2024-03-31 02054327 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 02054327 bus:SmallEntities 2024-04-01 2025-03-31 02054327 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02054327 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02054327 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02054327 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 02054327

CASTLE COURT (LANCASTER) RESIDENTS ASSOCIATION LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

CASTLE COURT (LANCASTER) RESIDENTS ASSOCIATION LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £

FIXED ASSETS

Tangible assets | 4 | 2,028 | 2,080

CURRENT ASSETS

Debtors | 5 | 2,176 | 3,768
Cash at bank and in hand | 30,984 | 23,141
| --------- | ---------
| 33,160 | 26,909

CREDITORS: amounts falling due within one year | 6 | 35,176 | 28,977
| --------- | ---------
NET CURRENT LIABILITIES | 2,016 | 2,068
| -------- | --------
TOTAL ASSETS LESS CURRENT LIABILITIES | 12 | 12
| ----- | -----
NET ASSETS | 12 | 12
| ----- | -----

CASTLE COURT (LANCASTER) RESIDENTS ASSOCIATION LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

| 2025 | 2024
Note | £ | £

CAPITAL AND RESERVES

Called up share capital | 12 | 12
| ----- | -----
SHAREHOLDERS FUNDS | 12 | 12
| ----- | -----

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 comprehensive income has not been delivered.
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 9 December 2025 , and are signed on behalf of the board by:

Mrs J M Loughhead |
Director |

Company registration number: 02054327

CASTLE COURT (LANCASTER) RESIDENTS ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st 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 C/O Parkinson Property, Third Floor Reception Office, Bridge Square Apartments, Lancaster, LA1 1BB.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents service charges receivable in the year from residents.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

| Freehold property | - | 2% straight line
| Plant and machinery | - | 10% straight line

Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. call "FlushPolicyP"]
4. TANGIBLE ASSETS

| Freehold property | Plant and machinery | Total
| £ | £ | £

Cost |  |  |
At 1st April 2024 and 31st March 2025 | 2,600 | 400 | 3,000
| -------- | ----- | --------
Depreciation |  |  |
At 1st April 2024 | 520 | 400 | 920
Charge for the year | 52 | – | 52
| -------- | ----- | --------
At 31st March 2025 | 572 | 400 | 972
| -------- | ----- | --------
Carrying amount |  |  |
At 31st March 2025 | 2,028 | – | 2,028
| -------- | ----- | --------
At 31st March 2024 | 2,080 | – | 2,080
| -------- | ----- | --------

5. DEBTORS

| 2025 | 2024
| £ | £

Service charges owing | 970 | 3,768
Other debtors | 1,206 | –
| -------- | --------
| 2,176 | 3,768
| -------- | --------

6. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £

Accruals and deferred income | 2,545 | 686
Service charges in advance | 6,494 | 2,143
Other creditors | 26,137 | 26,148
| --------- | ---------
| 35,176 | 28,977
| --------- | ---------

Other creditors relates to the money held by the company on behalf of the property owners (shareholders) of Castle Court (Lancaster) Residents Association Ltd.