Holyhead Ct Residents Assoc Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00623908 (England and Wales)

Unaudited Financial Statements for the Year Ended 26 May 2021

for

Holyhead Court

Residents Association Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Batchelor

Miss G Thorn

T Bywell

SECRETARY:

Miss G Thorn

REGISTERED OFFICE:

Kings Works

Kings Road

Teddington

Middlesex

TW11 0QB

REGISTERED NUMBER:

00623908 (England and Wales)

ACCOUNTANTS:

Grays Accountants Ltd

Chartered Accountants

Kings Works

Kings Road

Teddington

Middlesex

TW11 0QB

FIXED ASSETS

Tangible assets

4

5,968

5,968

CURRENT ASSETS

Debtors

5

(935

)

(1,071

)

Cash at bank and in hand

43,509

33,886

42,574

32,815

CREDITORS

Amounts falling due within one year

6

5,564

1,350

NET CURRENT ASSETS

37,010

31,465

TOTAL ASSETS LESS CURRENT LIABILITIES

42,978

37,433

CAPITAL AND RESERVES

Called up share capital

240

240

Property Reserve

5,967

5,967

Maintenance Reserve

36,771

31,226

SHAREHOLDERS' FUNDS

42,978

37,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 May 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 November 2021 and were signed on its behalf by:

D Batchelor - Director

Miss G Thorn - Director

T Bywell - Director

1.	STATUTORY INFORMATION

Holyhead Court 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.

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 represents service charges plus prospective lessees reference fees.

Tangible fixed assets

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

Land and buildings

-

not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 27 May 2020

and 26 May 2021

5,968

NET BOOK VALUE

At 26 May 2021

5,968

At 26 May 2020

5,968

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.5.21

26.5.20

£

£

Service charges due

(935

)

(1,071

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.5.21

26.5.20

£

£

Trade creditors

1,514

-

Accrued expenses

4,050

1,350

5,564

1,350