Elmsley Court Residents Association Limited FILLETED ACCOUNTS COVER
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Company No. 03186676
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Elmsley Court Residents Association Limited DIRECTORS REPORT REGISTRAR
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The Directors present their report and the accounts for the year ended 31 March 2017.
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Principal activities
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Directors
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The Directors who served at any time during the year were as follows:
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J. Diamond
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P.J. Martin
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K.R. Rodenhurst
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(Resigned 10 June 2016)
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J. Rutherford
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The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
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Signed on behalf of the board
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P.J. Martin
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Director
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25 September 2017
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Elmsley Court Residents Association Limited BALANCE SHEET REGISTRAR
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at
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Company No.
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03186676
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Notes
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2017
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2016
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£
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£
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Current assets
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Debtors
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2
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Creditors: Amount falling due within one year
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3
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(
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(
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Net current assets/(liabilities)
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(
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Total assets less current liabilities
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(
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Net assets/(liabilities)
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(
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Reserves
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Income and expenditure account
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(
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Total equity
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(
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account.
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Approved by the board on 25 September 2017
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TRUE
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And signed on its behalf by:
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P.J. Martin
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Director
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25 September 2017
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Elmsley Court Residents Association Limited NOTES TO THE ACCOUNTS REGISTRAR
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for the year ended 31 March 2017
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1
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Accounting policies
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Basis of preparation
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Trade and other debtors
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Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
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Trade and other creditors
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Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Provisions
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Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. |
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2
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Debtors
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2017
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2016
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£
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£
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Other debtors
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Prepayments and accrued income
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3
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Creditors:
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amounts falling due within one year
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2017
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2016
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£
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£
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Trade creditors
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Other creditors
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Accruals and deferred income
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4
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Reserves
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5
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Related party disclosures
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Controlling party
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The company is limited by guarantee and has no share capital; thus no single party controls the company.
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6
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Additional information
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Its registered number is:
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Its registered office is:
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