REGISTERED NUMBER: 00918597

Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

The Bowls Residents Association Limited

Trading as

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

I Green

P Kaye

T Gevertz

Mrs R Hodds

Mrs M Fykin

W Linden

P Fagelson

SECRETARY:

D Bonley

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 2025.

PRINCIPAL ACTIVITY

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

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M Hart

S Brattman

I Green

P Kaye

T Gevertz

Mrs R Hodds

Mrs M Fykin

W Linden

Other changes in directors holding office are as follows:

P Fagelson - appointed 6 May 2024

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:

D Bonley - Secretary

29 August 2025

TURNOVER

509,615

464,502

Management costs

447,211

403,701

GROSS SURPLUS

62,404

60,801

Corporate expenses

50,309

75,136

OPERATING SURPLUS/(DEFICIT) and

SURPLUS/(DEFICIT) BEFORE TAXATION

12,095

(14,335

)

Tax on surplus/(deficit)

2,736

2,736

SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR

9,359

(17,071

)

FIXED ASSETS

Tangible assets

5

130,798

150,118

CURRENT ASSETS

Debtors

6

6,087

41,804

Cash at bank and in hand

7

367,385

257,662

373,472

299,466

CREDITORS

Amounts falling due within one year

8

97,165

57,038

NET CURRENT ASSETS

276,307

242,428

TOTAL ASSETS LESS CURRENT LIABILITIES

407,105

392,546

CREDITORS

Amounts falling due after more than one year

9

228,900

223,700

NET ASSETS

178,205

168,846

RESERVES

Income and expenditure account

10

178,205

168,846

178,205

168,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 29 August 2025 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	OPERATING SURPLUS/(DEFICIT)

The operating surplus (2024 - operating deficit) is stated after charging:

31/3/25

31/3/24

£

£

Depreciation - owned assets

20,270

17,758

5.	TANGIBLE FIXED ASSETS

Plant &

Freehold

equipment

property

etc

Totals

£

£

£

COST

At 1 April 2024

272,561

99,717

372,278

Additions

-

950

950

At 31 March 2025

272,561

100,667

373,228

DEPRECIATION

At 1 April 2024

131,340

90,820

222,160

Charge for year

18,933

1,337

20,270

At 31 March 2025

150,273

92,157

242,430

NET BOOK VALUE

At 31 March 2025

122,288

8,510

130,798

At 31 March 2024

141,221

8,897

150,118

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

6,087

41,804

7.	CASH AT BANK AND IN HAND

Corporate & Reserve

367165

257493

Cash in hand

220

169

367385

257662

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Taxation

2736

2736

Social security and other taxes

1900

1704

Amounts due to lessees

23624

-

Deferred income

10521

10521

Other creditors

58384

42077

97165

57038

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Emergency/Reserve Funds

228900

223700

General

20000

20000

Block A

53600

49600

Block B

53600

49600

Block C

17700

28100

Block D

33380

30580

Block E

50620

45820

228900

223700

10.

RESERVES

At 1 April 2024

168846

185917

(Deficit)/surplus for the year

9359

(17071

)

At 31 March 2025

178205

168846

11.	POST BALANCE SHEET EVENTS

Although a figure cannot as yet be quantified, after carrying out Fire Risk Assessment and Surveys, there will be significant expenditure within the next Financial Year, in order to comply with the Fire Safety Regulations Act 2022. This in turn will be collectable from the Residents.

12.	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.