Company Registration No. 2734528 (England and Wales)
ROAN STREET RESIDENTS ASSOCIATION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019
PAGES FOR FILING WITH REGISTRAR
ROAN STREET RESIDENTS ASSOCIATION LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ROAN STREET RESIDENTS ASSOCIATION LTD
BALANCE SHEET
AS AT
31 OCTOBER 2019
31 October 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1
1
Current assets
Debtors
3
-
385
Cash at bank and in hand
19,061
21,861
19,061
22,246
Creditors: amounts falling due within one year
4
(632)
(579)
Net current assets
18,429
21,667
Total assets less current liabilities
18,430
21,668
Reserves
Called up share capital
10
10
Share premium account
240
240
Income and expenditure account
18,180
21,418
Members' funds
18,430
21,668
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.
true
For the financial year ended 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered 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 6 June 2020 and are signed on its behalf by:
J R W Evans
Director
Company Registration No. 2734528
ROAN STREET RESIDENTS ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019
- 2 -
1
Accounting policies
Company information
Roan Street Residents Association Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
10 Sussex Court, 50 Roan Street, London, England, SE10 9JT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Income and expenditure
Income represents contributions received from lessees for repairs and general maintenance of the common parts.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
not provided
2
Tangible fixed assets
Leasehold land and buildings
£
Cost
At 1 November 2018 and 31 October 2019
1
Depreciation and impairment
At 1 November 2018 and 31 October 2019
-
Carrying amount
At 31 October 2019
1
At 31 October 2018
1
ROAN STREET RESIDENTS ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2019
- 3 -
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Other debtors
-
385
4
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
632
579
5
Related party disclosures
Each of the directors has an interest in a house which is subject to a maintenance charge by the company.