REGISTERED NUMBER: 00918597

Report of the Directors and

Financial Statements for the Year Ended 31 March 2026

for

The Bowls Residents Association Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

M Hart

S Brattman

P Kaye

T Gevertz

Mrs R Hodds

Mrs M Fykin

W Linden

P Fagelson

B Brett

SECRETARY:

S Davis

REGISTERED OFFICE:

Estate Office

The Bowls

Vicarage Lane

Chigwell

Essex

IG7 6ND

REGISTERED NUMBER:

00918597

ACCOUNTANT:

Danny Daniels FCA

18 Oakleigh Park North

London

N20 9AR

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the management of The Bowls estate.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

M Hart

S Brattman

P Kaye

T Gevertz

Mrs R Hodds

Mrs M Fykin

W Linden

P Fagelson

Other changes in directors holding office are as follows:

I Green - deceased 10 November 2025

B Brett - appointed 23 December 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Davis - Secretary

31 July 2026

INCOME

1,272,613

509,615

Management costs

1,210,741

447,211

GROSS SURPLUS

61,872

62,404

Corporate expenses

38,143

50,309

OPERATING SURPLUS

4

23,729

12,095

Interest receivable and similar income

3,541

-

SURPLUS BEFORE TAXATION

27,270

12,095

Tax on surplus

3,521

2,736

SURPLUS FOR THE FINANCIAL YEAR

23,749

9,359

FIXED ASSETS

Tangible assets

5

116,283

130,798

CURRENT ASSETS

Debtors

6

19,396

6,087

Cash at bank and in hand

7

1,542,278

367,385

1,561,674

373,472

CREDITORS

Amounts falling due within one year

8

1,298,003

97,165

NET CURRENT ASSETS

263,671

276,307

TOTAL ASSETS LESS CURRENT LIABILITIES

379,954

407,105

CREDITORS

Amounts falling due after more than one year

9

178,000

228,900

NET ASSETS

201,954

178,205

RESERVES

Income and expenditure account

10

201,954

178,205

201,954

178,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

M Hart - Director

1.	STATUTORY INFORMATION

The Bowls Residents Association Limited is a private company, limited by guarantee , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover consists of ground rents and other rents receivable, together with maintenance and other charges.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and equipment 15% reducing balance

The freehold property, which is subject to flat leases, mainly for terms exceeding 950 years, has been included at the original cost less the apportioned cost for ground rent conversions, written off at the time of their conversion. The resulting balance represents its estimated residual life. The purchase of the freehold land in the year to 31st March 1998 is included at cost. Improvements are depreciated at a rate which is considered to reflect their useful life.

Taxation

Taxation for the year comprises current tax. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern

In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.

The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 9 ) .

4.	OPERATING SURPLUS

The operating surplus is stated after charging:

31/3/26

31/3/25

£

£

Depreciation - owned assets

17,872

20,270

5.	TANGIBLE FIXED ASSETS

Plant &

Freehold

equipment

property

etc

Totals

£

£

£

COST

At 1 April 2025

272,561

100,667

373,228

Additions

-

3,357

3,357

At 31 March 2026

272,561

104,024

376,585

DEPRECIATION

At 1 April 2025

150,273

92,157

242,430

Charge for year

16,092

1,780

17,872

At 31 March 2026

166,365

93,937

260,302

NET BOOK VALUE

At 31 March 2026

106,196

10,087

116,283

At 31 March 2025

122,288

8,510

130,798

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Due from residents

15,752

-

Other debtors

3,644

6,087

19,396

6,087

7.	CASH AT BANK AND IN HAND

Corporate & Reserve

1,541,783

367,165

Cash in hand

495

220

1,542,278

367,385

8.	CREDITORS LESS THAN ONE YEAR

Taxation

3,521

2,736

Social security and other taxes

-

1,900

Amounts due to lessees

8,548

23,624

Payments in advance

28,693

-

Deferred income

10,521

10,521

Other creditors

1,246,720

58,384

1,298,003

97,165

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Emergency/Reserve Funds

178,000

228,900

General

9,500

20,000

Block A

47,600

53,600

Block B

23,600

53,600

Block C

15,300

17,700

Block D

36,180

33,380

Block E

45,820

50,620

178,000

228,900

10.

RESERVES

At 1 April 2025

178,205

168,846

Surplus for the year

23,749

9,359

At 31 March 2026

201,954

178,205

11.	LIMITED BY GUARANTEE

The company is limited by guarantee with no share capital. In the event of the company being wound up, each of the ninety one members is liable to make a contribution not exceeding £100.

12.	FIRE SAFETY REGULATIONS ACT 2022

It was reported in the previous year's accounts, that there would be significant expenditure in the year to 31st March 2026 to comply with the above Act.

The Directors are pleased to report that applications for financial support in respect of the replacement of cladding have been submitted to Homes England in respect of each of Blocks A to E and these have been approved as eligible for funding. The detailed Income and Expenditure Account sets out that part of the grant funds received which have been released for initial investigative work and which are matched by such expenditure. The remaining balance of the grants received and not yet expended are shown in Cash at bank and Other creditors.

The sums expended to 31st March 2026 on the upgrade of doors, together with other non budgeted work, including the renovation of Block B lift, has been included in Special maintenance charges.