Lancambe Court Residents Association (Lancaster) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01849550

LANCAMBE COURT RESIDENTS ASSOCIATION (LANCASTER) LIMITED

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

LANCAMBE COURT RESIDENTS ASSOCIATION (LANCASTER) LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£

FIXED ASSETS

Tangible assets	5		–	1

CURRENT ASSETS

Debtors	6	2,920		933
Cash at bank and in hand		66,060		66,868
		---------		---------
			68,980	67,801
			---------	---------
			68,980	67,802
			---------	---------

CREDITORS: amounts falling due within one year	7	68,980	67,802
		---------	---------

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 2026 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 16 July 2026 , and are signed on behalf of the board by:

Miss N Stark
Director

Company registration number: 01849550

LANCAMBE COURT RESIDENTS ASSOCIATION (LANCASTER) LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2026

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 20 Sir Simons Arcade, Lancaster, Lancashire, LA1 1JL.

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.

Revenue recognition

Turnover represents service charges and ground rents receivable from the occupants of the 28 flats within Lancambe Court, Lancaster.

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:

	Equipment	-	15% reducing balance

4. Company limited by guarantee

Lancambe Court Residents Association (Lancaster) Limited is a company limited by guarantee and not having a share capital. As such the liability of the members is limited.

5. Tangible assets

	Equipment	Total
	£	£

Cost
At 1st April 2025 and 31st March 2026	61	61
	-----	-----
Depreciation
At 1st April 2025	60	60
Charge for the year	1	1
	-----	-----
At 31st March 2026	61	61
	-----	-----
Carrying amount
At 31st March 2026	–	–
	-----	-----
At 31st March 2025	1	1
	-----	-----

6. Debtors

	2026	2025
	£	£

Prepayments and accrued income	270	233
Other debtors	2,650	700
	--------	-----
	2,920	933
	--------	-----

7. Creditors: amounts falling due within one year

	2026	2025
	£	£

Accruals and deferred income	486	462
Other creditors	68,134	67,120
Resident contributions in advance	360	220
	---------	---------
	68,980	67,802
	---------	---------

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

8. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standards.