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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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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 2018 |
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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 2018 |
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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 2018 |
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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 2018 |
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2018 | 2017 |
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 ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Maintenance reserve | 6 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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
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 2018 |
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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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Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents the amount |
receivable for services supplied, net of credits and discounts. |
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Revenue is recognised in the accounting period in which the services were rendered and represents |
maintenance contributions and ground rent receivable from the lessees of the building. |
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Taxation |
The company is subject to UK corporation tax on the interest receivable on its reserve fund. The company had |
no tax liability for the current and previous year due to its immaterial interest income. |
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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 |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Other creditors |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £10 | 210 | 210 |
CROWN COURT (SURBITON) RESIDENTS |
ASSOCIATION LIMITED (REGISTERED NUMBER: 00768352) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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6. | RESERVES |
Maintenance |
reserve |
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At 1 April 2017 | ( |
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Profit for the year |
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At 31 March 2018 |
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Any surplus or deficit resulting from the current year's income and expenditure account is retained in the |
company's maintenance reserve fund. The present level of the fund may prove insufficient, given the |
uncertainty as to whether and when substantial costs may arise on the property. Any insufficient funds arising |
will be recharged to the lease holders of the property. |