Castle Court (Lancaster) Residents Association Ltd Filleted accounts for Companies House (small and micro)

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.