Park House Residents Association Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02994344 (England and Wales)

Park House Residents Association Limited

Unaudited Financial Statements for the Year Ended 28 February 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D J Larder

F O Buckley

Miss M R Worley

REGISTERED OFFICE:

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

BUSINESS ADDRESS:

20 Park House

Park Avenue

Maidstone

Kent

ME14 5HW

REGISTERED NUMBER:

02994344 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

176

184

CURRENT ASSETS

Debtors

5

1,071

519

Cash at bank

57,881

47,791

58,952

48,310

CREDITORS

Amounts falling due within one year

6

684

1,723

NET CURRENT ASSETS

58,268

46,587

TOTAL ASSETS LESS CURRENT LIABILITIES

58,444

46,771

CAPITAL AND RESERVES

Called up share capital

21

21

Share premium

17,480

17,480

Retained earnings

40,943

29,270

SHAREHOLDERS' FUNDS

58,444

46,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:

Miss M R Worley - Director

1.	STATUTORY INFORMATION

Park House 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.

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.

Income recognition

Turnover represents service charges, contributions to sinking funds and other income.

Tangible fixed assets

Tangible fixed assets represent freehold land and buildings and are stated at cost less accumulated depreciation. Depreciation has been calculated to write off the cost over its expected useful life.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation

Tax for the year arises on interest only. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Any current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 March 2022

and 28 February 2023

7,740

DEPRECIATION

At 1 March 2022

7,556

Charge for year

8

At 28 February 2023

7,564

NET BOOK VALUE

At 28 February 2023

176

At 28 February 2022

184

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,071

519

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

6

1

Other creditors

678

1,722

684

1,723