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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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CROWN COURT (SURBITON) RESIDENTS |
ASSOCIATION LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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CROWN COURT (SURBITON) RESIDENTS |
ASSOCIATION LIMITED |
CROWN COURT (SURBITON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 00768352) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CROWN COURT (SURBITON) RESIDENTS |
ASSOCIATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Turnbull House |
226 Mulgrave Road |
Cheam |
Sutton |
Surrey |
SM2 6JT |
CROWN COURT (SURBITON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 00768352) |
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BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Maintenance reserve | ( |
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SHAREHOLDERS' FUNDS | ( |
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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 |
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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 profit or loss 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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CROWN COURT (SURBITON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 00768352) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Crown Court (Surbiton) Residents Association Limited is a
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England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The company made a loss this year, which has resulted in a deficit on the maintenance reserve. The board of |
directors confirm that this deficit will be recovered from the lessees by recharging the deficit over the next few |
years. Accordingly, the financial statements have been prepared on a going concern basis. |
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Income |
Income represents service charges and premiums receivable from lessees. |
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Maintenance reserve |
The maintenance reserve comprises sums set aside to carry forward as a provision against future maintenance |
costs. Such provision is considered prudent to enable the company to manage the property. |
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Profit and loss account |
It is considered that the activities of the company do not give rise to a profit or loss due to its nature of |
mutual trading. Any excess service charges levied over the current expenditure will be retained in the |
maintenance reserve. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Other creditors |
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5. | GOING CONCERN |
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The company's board of directors confirm that the current deficit will be addressed to the lessees by |
recharging the deficit over the next few years. |
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6. | FIRST YEAR ADOPTION |
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This is the first year that the company has presented its results under FRS 102 Section 1A. The last financial |
statements under UK GAAP were for the period ended 31 March 2016. The date of transition to FRS 102 was 1 |
April 2015. There have been no significant changes in accounting policies as the result of transition to FRS102 |
and the comparative figures are unchanged. |
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