| Fan Court Residents Association Limited |
| Registered number: |
01441011 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
33,000 |
|
|
33,000 |
|
| Current assets |
| Debtors |
4 |
|
1,594 |
|
|
20,679 |
| Cash at bank and in hand |
|
|
17,342 |
|
|
16,765 |
|
|
|
18,936 |
|
|
37,444 |
|
| Creditors: amounts falling due within one year |
5 |
|
(600) |
|
|
(20,040) |
|
| Net current assets |
|
|
|
18,336 |
|
|
17,404 |
|
| Net assets |
|
|
|
51,336 |
|
|
50,404 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
76 |
|
|
76 |
| Profit and loss account |
|
|
|
51,260 |
|
|
50,328 |
|
| Shareholders' funds |
|
|
|
51,336 |
|
|
50,404 |
|
|
|
|
|
|
|
|
| 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. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A L Kruger |
| Director |
| Approved by the board on 28 October 2026 |
|
| Fan Court Residents Association Limited |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
In the opinion of the directors, the provisions of Section 42 of the Landlord & Tenant Act 1987 do not apply to the company and therefore:
No statutory trust has been imposed on service charges rendered by the company;
The financial statements do not include any adjustments that would arise as a consequence of the existence of such a trust. |
|
|
Turnover |
|
Maintenance contributions are agreed with the members annually and any surpluses or deficits arising during the year are taken into account when setting the following years budgets.
Surplus charges are not returned in the form of dividends, since to do so would represent a distribution on which income tax would be due (and may not be reclaimable by individual members). Instead, the funds are retained by the company to expend in future periods. Excess maintenance contributions arising as a consequence of changes in the annual charges, are credited to income as donations, with the agreement of the member concerned. Otherwise, they are carried forward as a liability of the company. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
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 |
|
The company does not undertake any form of economic or investment activities which should be brought within the scope of corporation tax. |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. 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 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2025 |
33,000 |
|
At 31 March 2026 |
33,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
33,000 |
|
At 31 March 2025 |
33,000 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
725 |
|
20,525 |
|
Other debtors |
869 |
|
154 |
|
|
|
|
|
|
1,594 |
|
20,679 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
600 |
|
20,040 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Fan Court Residents Association Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
11 Fan Court |
|
Longcross Road |
|
Chertsey |
|
KT16 0DJ |