Registered number
01646177
Sloane Square House Residents Company Limited
Filleted Accounts
24 March 2025

Sloane Square House Residents Company Limited
Registered number: | 01646177
Balance Sheet
as at 24 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Current assets
Debtors | 4 |  | 51,340 |  |  | 90,834
Cash at bank and in hand | 5 |  | 143,902 |  |  | 157,765
|  |  | 195,242 |  |  | 248,599
Creditors: amounts falling due within one year | 6 |  | (120,397) |  |  | (192,340)
Net current assets |  |  |  | 74,845 |  |  | 56,259
Total assets less current liabilities |  |  |  | 74,845 |  |  | 56,259
Creditors: amounts falling due after more than one year | 7 |  |  | (74,845) |  |  | (56,259)
Net assets |  |  |  | - |  |  | -
Capital and reserves
Members' funds |  |  |  | - |  |  | -
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Fattorini
Director
Approved by the board on 10 August 2025

Sloane Square House Residents Company Limited
Notes to the Accounts
for the year ended 24 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents the amount invoiced to members (residential leaseholders) of Sloane Square House for the maintenance and servicing of the common parts of the property relating to the residential element. To the extent that such charges to the members (residential leaseholders) either exceed or fall short of the actual costs incurred in the specific accounting period and are deemed material, then they are carried forward to subsequent accounting periods and are either offset or recognised at that time. The company is non profit making.
| Future capital expenditure
| Each year a budget is set to make a contribution towards future capital expenditure. This is included within creditors due falling after more than one year. The directors decide which costs, if any, as incurred, can be set against such reserve.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Leased assets
| Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Audit information
| The audit report is unqualified.
| Senior statutory auditor: | J Mills
| Firm: | Laverick Walton & Co
| Date of audit report: | 10 August 2025
3 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
4 | Debtors | 2025 |  | 2024
£ | £
| Service charges due | 5,816 |  | 3,960
| Prepaid expenses | 45,524 |  | 86,874
|  |  |  |  |  | 51,340 |  | 90,834
5 | Cash at bank | 2025 |  | 2024
£ | £
| Current bank account held by managing agent | 10,298 |  | 14,696
| Reserve accounts held by managing agent | 133,604 |  | 143,069
|  |  |  |  |  | 143,902 |  | 157,765
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Ground rent reserve | 78,488 |  | 70,638
| Service charge reserve fund | 22,737 |  | 16,267
| Residential leaseholders' security deposits held | 7,085 |  | 7,085
| Trade creditors | 3,414 |  | 52,382
| Taxation and social security costs | 1,416 |  | 809
| Accruals | 7,257 |  | 45,159
|  |  |  |  |  | 120,397 |  | 192,340
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
| Capital reserve fund | £ | £
| As at 25 March 2024 | 56,259 |  | 64,407
| Contributed by members (residential leaseholders) in the year | 16,000 |  | 16,000
| Interest received | 3,193 |  | 2,502
| Tax due on interest | (607) |  | (475)
| Plastering and decoration | - |  | (8,744)
| Boiler survey |  |  |  |  | - |  | (2,376)
| Window replacement retention |  |  |  |  | - |  | (12,067)
| Other reserve items |  |  |  |  | - |  | (2,988)
|  |  |  |  |  | 74,845 |  | 56,259
| The above balance represents the amount set aside for future capital expenditure in accordance with individual lease agreements. The balance on the reserve fund is the property of Sloane Square House Residents Company Limited.
8 | Controlling party
| The company is controlled by the members of Sloane Square House Residents Company Limited (residential leaseholders of Sloane Square House). No one party has overall control and the company is limited by guarantee.
9 | Other information
| Sloane Square House Residents Company Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
| B3 Kingfisher House
| Team Valley
| Gateshead
| Tyne and Wear
| NE11 0JQ

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