Company Registration No. 02332732 (England and Wales)
Meadway (Esher) Residents Association Limited
Unaudited accounts
for the year ended 31 December 2020
Meadway (Esher) Residents Association Limited
Unaudited accounts
Contents
Meadway (Esher) Residents Association Limited
Company Information
for the year ended 31 December 2020
Directors
Philip Brewster
Diane Farmer
Neil Berkett
Fiona McAnena (Chairman)
Andrew Stevenson
Judith Thomas
Company Number
02332732 (England and Wales)
Registered Office
Greville House
32 Meadway
Esher
KT10 9HF
Accountants
Regal Accountants Limited
Suite 110, Legacy Centre
Hampton Road West
Feltham
Middlesex
TW13 6DH
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Meadway (Esher) Residents Association Limited
for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Meadway (Esher) Residents Association Limited for the year ended
31 December 2020 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Regal Accountants Limited
Chartered Certified Accountants
Suite 110, Legacy Centre
Hampton Road West
Feltham
Middlesex
TW13 6DH
15 May 2021
Meadway (Esher) Residents Association Limited
Statement of financial position
as at
31 December 2020
Tangible assets
84,355
91,683
Cash at bank and in hand
169,943
164,884
Creditors: amounts falling due within one year
(967)
1,333
Net current assets
177,133
169,566
Total assets less current liabilities
261,488
261,249
Provisions for liabilities
Other provisions
(281,064)
(268,164)
Net liabilities
(19,576)
(6,915)
Called up share capital
88
88
Profit and loss account
(19,664)
(7,003)
Shareholders' funds
(19,576)
(6,915)
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2021 and were signed on its behalf by
Philip Brewster
Director
Company Registration No. 02332732
Meadway (Esher) Residents Association Limited
Notes to the Accounts
for the year ended 31 December 2020
Meadway (Esher) Residents Association Limited is a private company, limited by shares, registered in England and Wales, registration number 02332732. The registered office is Greville House, 32 Meadway, Esher, KT10 9HF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Sinking Fund (Provision For Liabilities)
The directors set aside available reserves in the accounts to provide for future Sinking Fund expenditure. In previous years, the Sinking Fund account had been shown under Shareholder Funds, however this has now been reclassified to Provision for Liabilities in the current year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided on a straight line basis at the following rates in order to write off the assets over their estimated useful lives:
Barrier Improvements & CCTV ....................... 10yrs
Groundworks, Kerbing & Signage ................. 20yrs
Groundwork, Gates & Estate Fencing ...........15yrs
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 1 January 2020
165,756
At 31 December 2020
168,973
Charge for the year
10,545
At 31 December 2020
84,618
At 31 December 2020
84,355
At 31 December 2019
91,683
Meadway (Esher) Residents Association Limited
Notes to the Accounts
for the year ended 31 December 2020
5
Debtors: amounts falling due within one year
2020
2019
Amounts due from group undertakings etc.
3,830
849
Accrued income and prepayments
4,327
2,500
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
(1,035)
(1,959)
7
Provisions for liabilities
£
At 1 January 2020
268,164
Additional provisions made during the period
12,900
At 31 December 2020
281,064
SINKING FUND
The directors normally set aside reserves in the accounts to provide for future Sinking Fund expenditure on:
Road Kerbing ................................. over 30yrs ......... £30,000 .......... £1,000 pa
Road Surfacing .............................. over 25 yrs ........ £200,000 ....... £8,000 pa
Automated Gate ........................... over25 yrs ......... £35,000 .......... £1,400 pa
Barrier & Access Controls .......... over 25 yrs ....... £25,000 .......... £1,000 pa
CCTV & Other ................................ over20 yrs ..........£20,000 .......... £1,000 pa
Estate Fencing ............................... over 15 yrs ........ £7,000 ............. £500 pa
NORMAL ANNUAL SINKING FUND REQUIREMENT ........................................ £12,900
There has been a increase in the Sinking Fund during 2019-20 of £12.900
8
Transactions with related parties
(a): Amounts due from Group Undertakings (Other Associations) includes:
Blackhills £2,462 £546 (2019)
Albany Close £1,368 £303 (2019)
Andrew Joyce resigned as a Director and Company Secretary in October 2020.
10
Average number of employees
During the year the average number of employees was 0 (2019: 0).