Downs Court Residents' Association Limited - Period Ending 2023-03-31

Downs Court Residents' Association Limited

Company Information

Directors

IEE Dougherty M Browne P Rumble C Underwood

Company secretary

S Reed

Registered office

5 Stafford Road Wallington Surrey SM6 9AJ

Accountants

The McCay Partnership Chartered Accountants Unit 24 22 Carlton Road South Croydon Surrey CR2 0BS

Downs Court Residents' Association Limited

Profit and Loss Account for the Year Ended 31 March 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Downs Court Residents' Association Limited

(Registration number: 05671931)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	3	57,866	57,866
Capital and reserves
Called up share capital	4	31	31
Other reserves		57,835	57,835
Shareholders' funds		57,866	57,866

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

......................................... P Rumble Director

Downs Court Residents' Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Stafford Road
Wallington
Surrey
SM6 9AJ
England

These financial statements were authorised for issue by the Board on 22 November 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Nil

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Downs Court Residents' Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2022	57,866	57,866
At 31 March 2023	57,866	57,866
Depreciation
Carrying amount
At 31 March 2023	57,866	57,866
At 31 March 2022	57,866	57,866

Included within the net book value of land and buildings above is £57,866 (2022 - £57,866) in respect of freehold land and buildings.
 

4	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary shares of £1 each	31	31	31	31