Abinger Court Residents Company Limited
Abinger Court Residents Company Limited
Registered number: 00952660
Financial Statements
For The Year Ended
29 September 2022
Paul Ng & Associates
15 Halifax Way
Welwyn Garden City
Hertfordshire
AL72QH
Abinger Court Residents Company Limited
Financial Statements
For The Year Ended
29 September 2022
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3 |
Page 1
Abinger Court Residents Company Limited
Balance Sheet
As at
29 September 2022
Balance Sheet
Registered number:
00952660
For the year ending 29 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2022 | 2021 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital |
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| Share premium account |
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| SHAREHOLDERS' FUNDS | 6,313 | 6,313 | |||
Page 1
Page 2
Abinger Court Residents Company Limited
Balance Sheet (continued)
As at
29 September 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors and authorised for issue on 29 December 2022 and were signed on its behalf by:
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Director
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Director
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The notes on page 3 form part of these financial statements.
Page 2
Page 3
Abinger Court Residents Company Limited
Notes to the Financial Statements
For The Year Ended
29 September 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
1.2.
Tangible Fixed Assets and Depreciation
Depreciation is not provided on the freehold building as in the opinion of the directors any charge would be immaterial, taking account of its residual value.
| Freehold |
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1.3.
Financial Instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets
Basic financial assets, including trade and other receivables, cash and bank balances and investments, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.
Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: NIL)
3.
Tangible Assets
| Land & Property | |
|---|---|
| Freehold | |
| £ | |
| Cost | |
| As at
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| As at
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| Net Book Value | |
| As at
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| As at
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4.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 2,210 | 3,285 | |
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Other creditors represent money in the company's bank account held in trust for the Service Charge Fund.
5.
General Information
Abinger Court Residents Company Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
00952660
. The registered office is c/o Colin Bibra Estate Agents Limited, 204 Northfield Avenue, Ealing, LONDON, W13 9SJ.
Page 3