REGISTERED NUMBER:
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Financial Statements for the Year Ended 31st March 2020 |
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The Moorings (Worcester) Residents |
Association Limited |
REGISTERED NUMBER:
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Financial Statements for the Year Ended 31st March 2020 |
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for |
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The Moorings (Worcester) Residents |
Association Limited |
The Moorings (Worcester) Residents |
Association Limited (Registered number: 03201289) |
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Contents of the Financial Statements |
for the Year Ended 31st March 2020 |
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Page |
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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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The Moorings (Worcester) Residents |
Association Limited |
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Company Information |
for the Year Ended 31st March 2020 |
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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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Thorneloe House |
25 Barbourne Road |
Worcester |
Worcestershire |
WR1 1RU |
The Moorings (Worcester) Residents |
Association Limited (Registered number: 03201289) |
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Balance Sheet |
31st March 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT 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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Repair fund |
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Retained earnings |
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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 and authorised for issue on
were signed on its behalf by: |
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The Moorings (Worcester) Residents |
Association Limited (Registered number: 03201289) |
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Notes to the Financial Statements |
for the Year Ended 31st March 2020 |
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1. | STATUTORY INFORMATION |
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The Moorings (Worcester) 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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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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TURNOVER |
Contributions represent the total amount receivable by the company for rent and service charges. VAT is not |
included as the company is not registered for VAT purposes. |
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TANGIBLE FIXED ASSETS |
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Improvements to property | - |
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Garden equipment | - |
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Office equipment | - |
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TAXATION |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
The Moorings (Worcester) Residents |
Association Limited (Registered number: 03201289) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2020 |
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3. | TANGIBLE FIXED ASSETS |
Improvements |
to | Garden | Office |
property | equipment | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st April 2019 |
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Additions |
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At 31st March 2020 |
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DEPRECIATION |
At 1st April 2019 |
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Charge for year |
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At 31st March 2020 |
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NET BOOK VALUE |
At 31st March 2020 |
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At 31st March 2019 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Other creditors |
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Accruals and deferred income |
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