18 & 18a Rodway Road Residents Assoc Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04337796 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

18 & 18A RODWAY ROAD RESIDENTS

ASSOCIATION LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

Director:

Miss C L Carey

Secretary:

Mrs P Marrs

Registered office:

29 Crescent Road

Bromley

Kent

BR1 3PN

Registered number:

04337796 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of 18 & 18a Rodway Road Residents Association Limited for the year ended 31 March 2019

which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of

Changes in Equity and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of 18 & 18a Rodway Road Residents Association Limited in accordance with the terms of our engagement letter dated 23 August 2012. Our work has been undertaken solely to prepare for your approval the financial statements of 18 & 18a Rodway Road Residents Association Limited and state those matters that we have agreed to state to the director of 18 & 18a Rodway Road Residents Association Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 18 & 18a Rodway Road Residents Association Limited and its director for our work or for this report.

It is your duty to ensure that 18 & 18a Rodway Road Residents Association Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 18 & 18a Rodway Road Residents Association Limited. You consider that 18 & 18a Rodway Road Residents Association Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 18 & 18a Rodway Road Residents Association Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

19 May 2019

Fixed assets

Tangible assets

3

13,010

13,010

Current assets

Debtors

4

1,789

1,700

Cash at bank

4,297

4,880

6,086

6,580

Creditors

Amounts falling due within one year

5

600

601

Net current assets

5,486

5,979

Total assets less current liabilities

18,496

18,989

Creditors

Amounts falling due after more than one year

6

11,209

11,209

Net assets

7,287

7,780

Capital and reserves

Called up share capital

7

5

5

Retained earnings

7,282

7,775

Shareholders' funds

7,287

7,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 May 2019 and were signed by:

Miss C L Carey - Director

1.	Statutory information

18 & 18a Rodway Road Residents Association Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried

out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate

as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried

out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as

possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed

off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is

carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as

accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately

prove to be uncollectable.

Turnover

Turnover represents amounts receivable for service charges.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at

rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

3.	Tangible fixed assets

Freehold

property

£

Cost

At 1 April 2018

and 31 March 2019

13,010

Net book value

At 31 March 2019

13,010

At 31 March 2018

13,010

4.

Debtors: amounts falling due within one year

31.3.19

31.3.18

£

£

Trade debtors

-

200

Other debtors

1,789

1,500

1,789

1,700

5.

Creditors: amounts falling due within one year

31.3.19

31.3.18

£

£

Other creditors

600

601

6.

Creditors: amounts falling due after more than one year

31.3.19

31.3.18

£

£

Freehold tenants contribution

11,209

11,209

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

5

Ordinary

£1

5

5