Kirkstone Foot Residents' Association Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4270075

Kirkstone Foot Residents' Association Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

For the year to

31 March 2025

Kirkstone Foot Residents' Association Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,781	4,969

Current assets

Debtors	6	42	40
Cash at bank and in hand		5,346	6,367
		-------	-------
		5,388	6,407

Creditors: amounts falling due within one year	7	1,085		535
		-------		-------
Net current assets			4,303	5,872
			-------	--------
Total assets less current liabilities			8,084	10,841
			-------	--------
Net assets			8,084	10,841
			-------	--------

Capital and reserves

Profit and loss account	8,084	10,841
	-------	--------
Members funds	8,084	10,841
	-------	--------

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 income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 .

Kirkstone Foot Residents' Association Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:

Miss S Ellmer
Director

Company registration number: 4270075

Kirkstone Foot Residents' Association Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Kirkstone Foot, Kirkstone Pass Road, Ambleside, Cumbria, LA22 9EJ.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .

Revenue recognition

Turnover represents service charges receivable from the residential lessees.

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:

Signage	-	20% reducing balance
Pole cleaning system	-	20% reducing balance
Bike shed	-	20% reducing balance
TV and WiFi equipment	-	20% straight line

4. Company limited by guarantee

The company is limited by guarantee. in the event of the company being wound up or dissolved , each member undertakes to contribute such amount as required, not exceeding £1, for payment of any debts or liabilities.

5. Tangible assets

Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
£	£	£	£	£

Cost
At 1 April 2024 and 31 March 2025	1,875	780	1,324	4,866	8,845
	-------	----	-------	-------	-------
Depreciation
At 1 April 2024	1,545	381	977	973	3,876
Charge for the year	66	80	69	973	1,188
	-------	----	-------	-------	-------
At 31 March 2025	1,611	461	1,046	1,946	5,064
	-------	----	-------	-------	-------
Carrying amount
At 31 March 2025	264	319	278	2,920	3,781
	-------	----	-------	-------	-------
At 31 March 2024	330	399	347	3,893	4,969
	-------	----	-------	-------	-------

6. Debtors

	2025	2024
	£	£

Prepayments and accrued income	42	40
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	1,072	522
Accruals and deferred income	13	13
	-------	----
	1,085	535
	-------	----