Registration number: 3640723

Princes Quay Residents Association Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Princes Quay Residents Association Limited

Company Information

Directors

M Lidl Lauretta Mary Long Robert Ashton Cannell

Company secretary

DMG Property Management Limited

Registered office

Suite 7 Aspect House Pattenden Lane Marden Kent TN12 9QJ

Bankers

NatWest Maidstone 3 High Street Maidstone Kent ME14 1HJ

Accountants

Manningtons Victoria House The Moor Hawkhurst Cranbrook Kent TN18 4NR

Princes Quay Residents Association Limited

(Registration number: 3640723)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Current assets
Debtors	5	139,055	120,221
Creditors: Amounts falling due within one year	6	(12,556)	(13,696)
Net assets		126,499	106,525
Reserves
Retained earnings		126,499	106,525
Surplus		126,499	106,525

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

......................................... Lauretta Mary Long Director

Princes Quay Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Service charges comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Service charges is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Princes Quay Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Tangible assets	20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Service charge arrears

Service charge arrears are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Service charge arrears are recognised at the transaction price, less provision for impairment. A provision for the impairment of service charge arrears is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Service charges paid in advance

Service charges paid in advance are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Service charges paid in advance are recognised at the transaction price.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Princes Quay Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 September 2024	9,961	9,961
At 31 August 2025	9,961	9,961
Depreciation
At 1 September 2024	9,961	9,961
At 31 August 2025	9,961	9,961
Carrying amount
At 31 August 2025	-	-

5

Debtors

	2025 £	2024 £
Service charge arrears	665	3,255
Prepayments	5,749	14,295
Other debtors	132,641	102,671
	139,055	120,221

Other debtors includes a sum of £132,641 (2024 - £102,671) held in the name of the company in client accounts of the appointed agent for the leaseholders.

This sum is made up of:

Service charge and service charge reserve £130,302 (2024 - £96,527)

Ground rent £2,338.51 (2024 - £6,144)

Also included in other debtors is an invoice debtor of £Nil (2024 - £Nil).

Princes Quay Residents Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Service charges paid in advance	10,607	10,333
Other creditors	1,949	3,363
	12,556	13,696