| Island Court (Lee-on-Solent) Residents Company Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Island Court (Lee-on-Solent) Residents Company Limited for the period ended 31 December 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Island Court (Lee-on-Solent) Residents Company Limited for the period ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Cochrane & Co Accountants Limited |
| Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 11 September 2026 |
|
| Island Court (Lee-on-Solent) Residents Company Limited |
| Registered number: |
07565619 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
31/12/25 |
31/3/25 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
33,750 |
|
|
33,750 |
|
| Creditors: amounts falling due within one year |
4 |
|
- |
|
|
(1,565) |
|
| Net current liabilities |
|
|
|
- |
|
|
(1,565) |
|
| Net assets |
|
|
|
33,750 |
|
|
32,185 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
15 |
|
|
15 |
| Profit and loss account |
|
|
|
33,735 |
|
|
32,170 |
|
| Shareholders' funds |
|
|
|
33,750 |
|
|
32,185 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. |
|
|
|
|
| P J Lamey |
| Director |
| Approved by the board on 4 September 2026 |
|
| Island Court (Lee-on-Solent) Residents Company Limited |
| Notes to the Accounts |
| for the period from 1 April 2025 to 31 December 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). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation has not been provided on the freehold as it's life is in excess of fifty years. Impairment reviews are carried out periodically. |
|
|
| 2 |
Employees |
31/12/25 |
31/3/25 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2025 |
33,750 |
|
At 31 December 2025 |
33,750 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
33,750 |
|
At 31 March 2025 |
33,750 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
31/12/25 |
31/3/25 |
| £ |
£ |
|
|
Other creditors |
- |
|
1,565 |
|
|
|
|
|
|
|
|
|
|
The residents have decided this year to write off an historic amount due to the resident's association. |
|
| 5 |
Related party transactions |
|
|
At the year end £0 (2024 £1,565) was due to Island Court (Lee-on-the-Solent) Residents Company. |
|
|
| 6 |
Controlling party |
|
|
The company is controlled by the shareholders equally. |
|
|
| 7 |
Other information |
|
|
Island Court (Lee-on-Solent) Residents Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
C/O Zephyr Pm Ltd |
|
140 Hillson Drive |
|
Fareham |
|
Hampshire |
|
PO15 6PA |