| Ambleside Residents Association Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ambleside Residents Association Limited for the year ended 31 March 2022 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ambleside Residents Association Limited for the year ended 31 March 2022 which comprise of the Profit and Loss Account, the Balance Sheet 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance |
| Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF. |
|
| Cochrane & Co Accountants Limited |
| Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 20 June 2022 |
|
| Ambleside Residents Association Limited |
| Registered number: |
01103176 |
| Balance Sheet |
| as at 31 March 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Current assets |
| Service charges due |
3 |
|
4,971 |
|
|
4,500 |
| Prepayments |
3 |
|
1,902 |
|
|
1,790 |
| Cash at bank and in hand |
|
|
49,389 |
|
|
38,080 |
|
|
|
56,262 |
|
|
44,370 |
|
| Creditors: amounts falling due within one year |
4 |
|
(1,803) |
|
|
(2,087) |
|
| Net current assets |
|
|
|
54,459 |
|
|
42,283 |
|
| Net assets |
|
|
|
54,459 |
|
|
42,283 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
21 |
|
|
21 |
| Profit and loss account |
|
|
|
54,438 |
|
|
42,262 |
|
| Shareholders' funds |
|
|
|
54,459 |
|
|
42,283 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr D Hemmens |
| Director |
| Approved by the board on 23 May 2022 |
|
| Ambleside Residents Association Limited |
| Notes to the Accounts |
| for the year ended 31 March 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Service charges due |
4,971 |
|
4,500 |
|
Prepayments |
1,902 |
|
1,790 |
|
|
|
|
|
|
6,873 |
|
6,290 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Service charges received in advance |
920 |
|
1,325 |
|
Other creditors |
883 |
|
762 |
|
|
|
|
|
|
1,803 |
|
2,087 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Bank accounts |
|
|
Service charge monies are held with Lloyds Bank Plc sort code 30-93-56 account number 00095783. There is also a business call account at Lloyds Bank Plc sort code 30-95-56 account number 01328781. |
|
|
| 6 |
Other information |
|
|
Ambleside Residents Association Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Block Management |
|
Eckersley White |
|
High Street |
|
Lee-on-the-Solent |
|
PO13 9DB |
