Abbreviated Company Accounts - KING JAMES' GATE (PORTSMOUTH) RESIDENTS ASSOCIATION LIMITED

Abbreviated Company Accounts - KING JAMES' GATE (PORTSMOUTH) RESIDENTS ASSOCIATION LIMITED

KING JAMES' GATE (PORTSMOUTH) RESIDENTS ASSOCIATION LIMITED - Company Information

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Registered Number 02144843

KING JAMES' GATE (PORTSMOUTH) RESIDENTS ASSOCIATION LIMITED

Abbreviated Accounts

31 March 2014

KING JAMES' GATE (PORTSMOUTH) RESIDENTS ASSOCIATION LIMITED Registered Number 02144843

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Current assets
Debtors 3,709 3,909
Cash at bank and in hand 17,524 16,129
21,233 20,038
Creditors: amounts falling due within one year (6,410) (6,092)
Net current assets (liabilities) 14,823 13,946
Total assets less current liabilities 14,823 13,946
Total net assets (liabilities) 14,823 13,946
Reserves
Income and expenditure account 14,823 13,946
Members' funds 14,823 13,946
  • For the year ending 31 March 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 November 2014

And signed on their behalf by:
D R Bastow, Director
S J West, Director

KING JAMES' GATE (PORTSMOUTH) RESIDENTS ASSOCIATION LIMITED Registered Number 02144843

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of services provided to members.

Other accounting policies
Taxation
The company is a non trading , non profit making, company and is only liable for Income Tax on Interest Income which is deducted at source.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital in accordance with the Memorandum of Assocaiation.Every member is liable to contribute a sum of £1 in the event of the company being wound up. At 3 March 2014 there were 20 members.