Woodlands (Basildon) Residents Assoc - Limited company accounts 20.1

REGISTERED NUMBER: 01030448 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2021

for

WOODLANDS (BASILDON) RESIDENTS

ASSOCIATION LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

D G McIntyre

P Beasley

Mrs K A Merchant

Mrs K Ayres

T J W Howard

SECRETARY:

Mrs K A Merchant

REGISTERED OFFICE:

Beke Lodge

Beke Hall Chase North

Rayleigh

Essex

SS6 9EZ

REGISTERED NUMBER:

01030448 (England and Wales)

ACCOUNTANTS:

Beke Lodge Business Consultants Limited

Beke Lodge

Beke Hall Chase North

Rayleigh

Essex

SS6 9EZ

The directors present their report with the financial statements of the company for the year ended 30 June 2021.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2020 to the date of this report.

D G McIntyre

P Beasley

Mrs K A Merchant

Mrs K Ayres

Other changes in directors holding office are as follows:

T J W Howard - appointed 1 November 2020

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:

Mrs K A Merchant - Secretary

7 September 2021

TURNOVER

9,600

Administrative expenses

10,967

12,870

(1,367

)

(3,270

)

Other operating income

6,502

13,000

OPERATING PROFIT and

PROFIT BEFORE TAXATION

5,135

9,730

Tax on profit

1,235

2,470

PROFIT FOR THE FINANCIAL YEAR

3,900

7,260

FIXED ASSETS

Tangible assets

4

1

CURRENT ASSETS

Debtors

5

7,247

6,557

Cash at bank

72,202

70,194

79,449

76,751

CREDITORS

Amounts falling due within one year

6

23,233

24,435

NET CURRENT ASSETS

56,216

52,316

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,217

52,317

CAPITAL AND RESERVES

Called up share capital

3,600

Retained earnings

52,617

48,717

56,217

52,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 7 September 2021 and were signed on its behalf by:

D G McIntyre - Director

Mrs K A Merchant - Director

P Beasley - Director

Mrs K Ayres - Director

T J W Howard - Director

1.	STATUTORY INFORMATION

Woodlands (Basildon) 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 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.

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 1 July 2020

and 30 June 2021

1

NET BOOK VALUE

At 30 June 2021

1

At 30 June 2020

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/21

30/6/20

£

Due from residents

6,154

5,534

Prepayments

1,093

1,023

7,247

6,557

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/21

30/6/20

£

Trade creditors

2,291

2,310

Tax

1,235

2,470

Other creditors

16,000

Accrued expenses

3,707

3,655

23,233

24,435