Chesil Court Residents Company Limited - Period Ending 2020-09-30
Chesil Court Residents Company Limited - Period Ending 2020-09-30
Registration number:
Chesil Court Residents Company Limited
for the Year Ended 30 September 2020
Chesil Court Residents Company Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Chesil Court Residents Company Limited
Company Information
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Directors |
Mrs H A Aburrow Ms K Hopgood Mr V A O'Farrell Mr A C Dackombe Mrs J V Mallinson |
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Company secretary |
Mr S I Jarrett |
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Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Chesil Court Residents Company Limited
for the Year Ended 30 September 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chesil Court Residents Company Limited for the year ended 30 September 2020 as set out on pages 3 to 5 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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Chesil Court Residents Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chesil Court Residents Company Limited and state those matters that we have agreed to state to the Board of Directors of Chesil Court Residents Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chesil Court Residents Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Chesil Court Residents Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Chesil Court Residents Company Limited. You consider that Chesil Court Residents Company 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 accounts of Chesil Court Residents Company 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 accounts.
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Chartered Accountants
Old Fore Street
Sidmouth
Devon
EX10 8LS
Chesil Court Residents Company Limited
(Registration number: 02350350)
Balance Sheet as at 30 September 2020
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Note |
2020 |
2019 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
230 |
230 |
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Total equity |
230 |
230 |
For the financial year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
Chesil Court Residents Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Bank, Cash and Other Assets
A statutory trust is placed over service charge monies received under section 142 of the Landlord and Tenant Act 1987 and the Residential Management Company (RMC) acts as a trustee in this capacity.
The closing balance of cash and other assets held on trust by the RMC are £35,343:
£6,474 Harrison-Lavers & Potburys Ltd Re Chesil Court Residents Company Limited Clients Account HSBC Current Account 61566709 (non-interest bearing)
£28,869 Harrison-Lavers & Potburys Ltd Re Chesil Court Residents Company Limited Clients Account HSBC Money Manager Account 81572547 (interest bearing)
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was