REGISTERED NUMBER: 01055487 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FITZALAN COURT (PEACEHAVEN) RESIDENTS

ASSOCIATION LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N D Marshall

A Payne

REGISTERED OFFICE:

250 South Coast Road

Peacehaven

East Sussex

BN10 7NP

REGISTERED NUMBER:

01055487 (England and Wales)

ACCOUNTANTS:

Robinsons, Chartered Accountants

223 South Coast Road

Peacehaven

East Sussex

BN10 8LB

BANKERS:

NatWest

239 South Coast Road

Peacehaven

East Sussex

BN10 8LZ

FIXED ASSETS

Tangible assets

4

1,870

1,870

CURRENT ASSETS

Debtors

5

3,192

350

Cash at bank

6

6,593

3,483

9,785

3,833

CREDITORS

Amounts falling due within one year

7

376

1,241

NET CURRENT ASSETS

9,409

2,592

TOTAL ASSETS LESS CURRENT LIABILITIES

11,279

4,462

CREDITORS

Amounts falling due after more than one year

8

1,872

1,872

NET ASSETS

9,407

2,590

RESERVES

Income and expenditure account

9,407

2,590

9,407

2,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

N D Marshall - Director

1.	STATUTORY INFORMATION

Fitzalan Court (Peacehaven) Residents Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Assets and liabilities

The company owns the freehold of the above property, however the company makes no claim to the other assets and liabilities held on the balance sheet. The company acts as a trustee through its director on behalf of the leaseholders of the property, and all other assets and liabilities are recognised as being held in trust on behalf of said leaseholders in accordance with the appropriate sections of the Landlord and Tenants Act.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2024

and 31 December 2024

1,870

NET BOOK VALUE

At 31 December 2024

1,870

At 31 December 2023

1,870

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Service charges in arrears

3,192

350

6.	CASH AT BANK

All service charge monies collected but not expended are held in trust on behalf of the leaseholders in accordance with the appropriate sections of the Landlord and Tenants Act, at NatWest Bank PLC, under the title of "Fitzalan Court (Peacehaven) Residents Association Limited".

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Service charges over paid

30

588

Accrued expenses

346

653

376

1,241

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans

1,872

1,872

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.