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COMPANY REGISTRATION NUMBER: 01604679
22 Royal Crescent Residents Association Limited
Filleted Unaudited Financial Statements
31 March 2018
22 Royal Crescent Residents Association Limited
Financial Statements
Year ended 31 March 2018
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
22 Royal Crescent Residents Association Limited
Statement of Financial Position
31 March 2018
2018
2017
Note
£
£
£
£
Current assets
Debtors
5
377
261
Cash at bank and in hand
1,672
8,833
-------
-------
2,049
9,094
Creditors: amounts falling due within one year
6
1,698
7,285
-------
-------
Net current assets
351
1,809
----
-------
Total assets less current liabilities
351
1,809
----
-------
Net assets
351
1,809
----
-------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
251
1,709
----
-------
Shareholders funds
351
1,809
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 October 2018 , and are signed on behalf of the board by:
B J Morris
M O'Mara de Beistegui
Director
Director
Company registration number: 01604679
22 Royal Crescent Residents Association Limited
Notes to the Financial Statements
Year ended 31 March 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat A, 22 Royal Crescent, London, W11 4SL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents contributions from residents to meet the association's liabilities.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Average number of employees
During the year the average number of employees was 4 (2017: 4) which consisted of the directors only.
5. Debtors
2018
2017
£
£
Called up share capital not paid
100
100
Prepayments and accrued income
277
161
----
----
377
261
----
----
6. Creditors: amounts falling due within one year
2018
2017
£
£
Accruals and deferred income
1,698
7,285
-------
-------
7. Called up share capital
Authorised share capital
2018
2017
No.
£
No.
£
Ordinary shares of £ 25 each
4
100
4
100
----
----
----
----
Issued, called up and fully paid
2018
2017
No.
£
No.
£
Ordinary shares of £ 25 each
4
100
4
100
----
----
----
----