Kempton Court Residents Company Limited - Period Ending 2022-12-31

Kempton Court Residents Company Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 4

Kempton Court Residents Company Limited

Company Information

Directors

Andrew James Coleman Adina Smallwood Jacqueline Hutton

Registered office

38 Kempton Court Kempton Avenue Sunbury - On - Thames TW16 5PA

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Kempton Court Residents Company Limited

Statement of Financial Position as at 31 December 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	5,580	1,776
Cash at bank and in hand		4,384	7,098
		9,964	8,874
Creditors: Amounts falling due within one year	5	(7,641)	(7,130)
Net assets		2,323	1,744
Capital and reserves
Called up share capital		110	110
Retained earnings		2,213	1,634
Shareholders' funds		2,323	1,744

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 19 February 2024 and signed on its behalf by:
 

.........................................

Andrew James Coleman

Director

Company registration number: 04090323

Kempton Court Residents Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

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:
38 Kempton Court
Kempton Avenue
Sunbury - On - Thames
TW16 5PA

The principal activity of the company is to hold the leasehold interest in, and to manage and maintain, Kempton Court, Staines Road East, Sunbury On Thames, Surrey.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company has continued to receive service charges demanded from the leaseholders.

The directors have considered the current economic environment and do not believe it will have a significant effect on the company or the leaseholders ability to settle service charges due.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of service charges receivable for rental services in the ordinary course of the company's activities.

The company recognises revenue from service charges in respect of the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Kempton Court Residents Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

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.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2021 - 0).

4

Debtors

	2022 £	2021 £
Trade debtors	5,580	1,776
	5,580	1,776

5

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Trade creditors	6,343	25
Accruals and deferred income	600	6,420
Other creditors	698	685
	7,641	7,130