Stratheden Residents Seaford Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02208325 (England and Wales)

STRATHEDEN RESIDENTS SEAFORD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

C D Buck

P Donovan

P J Early

P M Norman

T A G Stuart

SECRETARY:

P J Sanders

REGISTERED OFFICE:

5 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

REGISTERED NUMBER:

02208325 (England and Wales)

ACCOUNTANTS:

Breeze & Associates Ltd.

Chartered Accountants

5 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Stratheden Residents Seaford Limited for the year ended 31 August 2021 which comprise the Income Statement, 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 (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 Board of Directors of Stratheden Residents Seaford Limited, as a body, in accordance with the terms of our engagement letter dated 17 September 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Stratheden Residents Seaford Limited and state those matters that we have agreed to state to the Board of Directors of Stratheden Residents Seaford Limited, as a body, 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 Stratheden Residents Seaford Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stratheden Residents Seaford 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 profit of Stratheden Residents Seaford Limited. You consider that Stratheden Residents Seaford 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 Stratheden Residents Seaford 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.

Breeze & Associates Ltd.

Chartered Accountants

5 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

26 September 2021

FIXED ASSETS

Tangible assets

4

20,022

13,617

CURRENT ASSETS

Debtors

5

37,179

23,883

Cash at bank and in hand

282,392

299,209

319,571

323,092

CREDITORS

Amounts falling due within one year

6

227,198

225,663

NET CURRENT ASSETS

92,373

97,429

TOTAL ASSETS LESS CURRENT LIABILITIES

112,395

111,046

CAPITAL AND RESERVES

Called up share capital

7

75

75

Retained earnings

112,320

110,971

SHAREHOLDERS' FUNDS

112,395

111,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2021 and were signed on its behalf by:

T A G Stuart - Director

1.	STATUTORY INFORMATION

Stratheden Residents Seaford 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

in accordance with the property

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 September 2020

14,225

29,616

43,841

Additions

-

8,621

8,621

Disposals

-

(549

)

(549

)

At 31 August 2021

14,225

37,688

51,913

DEPRECIATION

At 1 September 2020

3,582

26,642

30,224

Charge for year

142

1,678

1,820

Eliminated on disposal

-

(153

)

(153

)

At 31 August 2021

3,724

28,167

31,891

NET BOOK VALUE

At 31 August 2021

10,501

9,521

20,022

At 31 August 2020

10,643

2,974

13,617

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Service charge arrears

35,094

22,906

Service charge prepayments

2,085

977

37,179

23,883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Service charge creditors

50,106

59,380

Corporation tax

-

1,417

Service charge sinking fund

177,092

164,866

227,198

225,663

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

75

Ordinary shares

£1

75

75