The Bowls Residents Association Limited - Limited company accounts 22.3

The Bowls Residents Association Limited - Limited company accounts 22.3

BOWLS RESIDENTS ASSOCIATION LIMITED(THE) - Company Information

Print Friendly Version

PTP Accounts Production v22.3.0.621 00918597 Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure009185972021-03-31009185972022-03-31009185972021-04-012022-03-31009185972020-03-31009185972020-04-012021-03-31009185972021-03-3100918597ns16:EnglandWales2021-04-012022-03-3100918597ns15:PoundSterling2021-04-012022-03-3100918597ns11:Director12021-04-012022-03-3100918597ns11:CompanyLimitedByGuarantee2021-04-012022-03-3100918597ns11:SmallEntities2021-04-012022-03-3100918597ns11:AuditExemptWithAccountantsReport2021-04-012022-03-3100918597ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3100918597ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3100918597ns11:FullAccounts2021-04-012022-03-3100918597ns11:Director22021-04-012022-03-3100918597ns11:Director32021-04-012022-03-3100918597ns11:Director42021-04-012022-03-3100918597ns11:Director52021-04-012022-03-3100918597ns11:Director62021-04-012022-03-3100918597ns11:Director72021-04-012022-03-3100918597ns11:Director82021-04-012022-03-3100918597ns11:Director92021-04-012022-03-3100918597ns11:Director102021-04-012022-03-3100918597ns11:CompanySecretary12021-04-012022-03-3100918597ns11:RegisteredOffice2021-04-012022-03-3100918597ns6:CurrentFinancialInstruments2022-03-3100918597ns6:CurrentFinancialInstruments2021-03-3100918597ns6:Non-currentFinancialInstruments2022-03-3100918597ns6:Non-currentFinancialInstruments2021-03-3100918597ns6:RetainedEarningsAccumulatedLosses2022-03-3100918597ns6:RetainedEarningsAccumulatedLosses2021-03-3100918597ns6:OwnedAssets2021-04-012022-03-3100918597ns6:OwnedAssets2020-04-012021-03-3100918597ns6:LandBuildings2021-03-3100918597ns6:PlantMachinery2021-03-3100918597ns6:LandBuildings2021-04-012022-03-3100918597ns6:PlantMachinery2021-04-012022-03-3100918597ns6:LandBuildings2022-03-3100918597ns6:PlantMachinery2022-03-3100918597ns6:LandBuildings2021-03-3100918597ns6:PlantMachinery2021-03-3100918597ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3100918597ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3100918597ns6:CurrentFinancialInstruments2021-04-012022-03-3100918597ns6:Non-currentFinancialInstruments2021-04-012022-03-31
REGISTERED NUMBER: 00918597 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 March 2022

for

The Bowls Residents Association Limited
The Bowls Residents Association Limited (Registered number: 00918597)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


The Bowls Residents Association Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: M Hart
S Brattman
S Davis
M I Rackind
I Green
D Bonley
E Smith
P Kaye
T Gevertz
Mrs R Hodds





SECRETARY: D Bonley





REGISTERED OFFICE: Estate Office
The Bowls
Vicarage Lane
Chigwell
Essex
IG7 6ND





REGISTERED NUMBER: 00918597 (England and Wales)





ACCOUNTANT: Danny Daniels FCA
18 Oakleigh Park North
London
N20 9AR
Page 1
The Bowls Residents Association Limited (Registered number: 00918597)

Report of the Directors
for the Year Ended 31 March 2022

The directors present their report with the financial statements of the company for the year ended 31 March 2022.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the management of The Bowls estate.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2021 to the date of this report.

M Hart
S Brattman
S Davis
M I Rackind
I Green
D Bonley
E Smith
P Kaye
T Gevertz
Mrs R Hodds

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Bonley - Director


6 September 2022

Page 2
The Bowls Residents Association Limited (Registered number: 00918597)

Income Statement
for the Year Ended 31 March 2022

31/3/22 31/3/21
Notes £    £   

TURNOVER 349,768 348,303

Management costs 306,811 306,405
GROSS SURPLUS 42,957 41,898

Corporate expenses 41,851 26,946
OPERATING SURPLUS 4 1,106 14,952

Interest receivable and similar
income
73
777
SURPLUS BEFORE TAXATION 1,179 15,729

Tax on surplus 2,750 2,883
(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR
(1,571
)
12,846

The notes form part of these financial statements

Page 3
The Bowls Residents Association Limited (Registered number: 00918597)

Balance Sheet
31 March 2022

31/3/22 31/3/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 123,300 135,676

CURRENT ASSETS
Debtors 6 43,414 3,575
Cash at bank and in hand 7 316,372 290,746
359,786 294,321
CREDITORS
Amounts falling due within one year 8 115,958 69,498
NET CURRENT ASSETS 243,828 224,823
TOTAL ASSETS LESS CURRENT
LIABILITIES
367,128
360,499

CREDITORS
Amounts falling due after more than
one year
9
199,300
191,100
NET ASSETS 167,828 169,399

RESERVES
Income and expenditure account 10 167,828 169,399
167,828 169,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 notes form part of these financial statements

Page 4 continued...
The Bowls Residents Association Limited (Registered number: 00918597)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





D Bonley - Director


The notes form part of these financial statements

Page 5
The Bowls Residents Association Limited (Registered number: 00918597)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

The Bowls Residents Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover consists of ground rents and other rents receivable, together with maintenance and other 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 residual value of each asset over its expected useful life, as follows:

Plant and equipment 25% reducing balance

The freehold property, which is subject to flat leases, mainly for terms exceeding 950 years, has been included at the original cost less the apportioned cost for ground rent conversions, written off at the time of their conversion. The resulting balance represents its estimated residual life. The purchase of the freehold land in the year to 31st March 1998 is included at cost. Improvements are depreciated at a rate which is considered to reflect their useful life.

Taxation
Taxation for the year comprises current tax. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 9 ) .

4. OPERATING SURPLUS

The operating surplus is stated after charging:

31/3/22 31/3/21
£    £   
Depreciation - owned assets 14,438 13,867

Page 6 continued...
The Bowls Residents Association Limited (Registered number: 00918597)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant &
Freehold equipment
property etc Totals
£    £    £   
COST
At 1 April 2021 216,185 91,907 308,092
Additions - 2,062 2,062
At 31 March 2022 216,185 93,969 310,154
DEPRECIATION
At 1 April 2021 84,554 87,862 172,416
Charge for year 12,120 2,318 14,438
At 31 March 2022 96,674 90,180 186,854
NET BOOK VALUE
At 31 March 2022 119,511 3,789 123,300
At 31 March 2021 131,631 4,045 135,676

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£    £   
Other debtors 43,414 3,575

7. CASH AT BANK AND IN HAND

Management accounts - 85720
Corporate & Reserve 316107 204648
Cash in hand 265 378
316372 290746

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Taxation27502883
Social security and other taxes18691570
Amounts due to lessees4117330023
Deferred income1052110521
Other creditors5964524501
11595869498

Page 7 continued...
The Bowls Residents Association Limited (Registered number: 00918597)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Emergency/Reserve Funds199300191100

General2002020020
Block A4160037600
Block B4160037600
Block C2704024440
Block D2912026320
Block E3992045120
199300191100

10. RESERVES

At 1 April 2021169399156553
(Deficit)/surplus for the year(1571)12846
At 31 March 2022167828169399

11. LIMITED BY GUARANTEE

The company is limited by guarantee with no share capital. In the event of the company being wound up, each of the ninety one members is liable to make a contribution not exceeding £100.

Page 8