ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

GREENLEAS RESIDENTS ASSOCIATION LTD. - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueestate management servicesfalse2016-04-01 03883439 2016-04-01 2017-03-31 03883439 2017-03-31 03883439 2016-03-31 03883439 c:CompanySecretary1 2016-04-01 2017-03-31 03883439 c:Director1 2016-04-01 2017-03-31 03883439 c:Director2 2016-04-01 2017-03-31 03883439 c:Director3 2016-04-01 2017-03-31 03883439 c:RegisteredOffice 2016-04-01 2017-03-31 03883439 d:CurrentFinancialInstruments 2017-03-31 03883439 d:CurrentFinancialInstruments 2016-03-31 03883439 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 03883439 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 03883439 d:ShareCapital 2017-03-31 03883439 d:ShareCapital 2016-03-31 03883439 d:OtherMiscellaneousReserve 2017-03-31 03883439 d:OtherMiscellaneousReserve 2016-03-31 03883439 c:OrdinaryShareClass1 2016-04-01 2017-03-31 03883439 c:OrdinaryShareClass1 2017-03-31 03883439 c:FRS102 2016-04-01 2017-03-31 03883439 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 03883439 c:FullAccounts 2016-04-01 2017-03-31 03883439 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03883439

GREENLEAS RESIDENTS ASSOCIATION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

GREENLEAS RESIDENTS ASSOCIATION LIMITED

COMPANY INFORMATION

Directors	M P Cole
	C A Barnick
	S A Neudert


Company secretary	M P Cole


Registered number	03883439


Registered office	71 New Dover Road
	Canterbury
	Kent
	CT1 3DZ


Trading Address	Greenleas
	Metropole Road West
	Folkestone
	Kent
	CT20 2LX



Accountants	MHA MacIntyre Hudson
	Chartered Accountants
	71 New Dover Road
	Canterbury
	Kent
	CT1 3DZ

GREENLEAS RESIDENTS ASSOCIATION LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 4

GREENLEAS RESIDENTS ASSOCIATION LIMITED

REGISTERED NUMBER: 03883439

BALANCE SHEET

AS AT 31 MARCH 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	70		3,701
Cash at bank and in hand		2,054		-
		2,124		3,701
Creditors: amounts falling due within one year	7	(2,049)		(3,626)
Net current assets			75		75
Total assets less current liabilities			75		75

Net assets			75		75

Capital and reserves
Called up share capital	8	5	5
Other reserves		70	70
		75	75

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2017.

C A Barnick

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

GREENLEAS RESIDENTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	General information

Greenleas Residents Association Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office and principal place of business is given in the company information page of these financial statements.
The principal activity of the company is residents management company.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

Information on the impact of first time adoption of FRS102 1A is given in note 10.

The following principal accounting policies have been applied:

2.2

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

GREENLEAS RESIDENTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

No judgements have been made in the process of applying the above accounting policies that have had a significant effect on the amounts recognised in the financial statements.
No key assumptions concerning the future and other key source of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

Employees

The average monthly number of employees, including directors, during the year was 0 (2016 - 0).

Debtors

					2017	2016
					£	£


Managing agents account	-	3,631
Ground rents	70	70
	70	3,701

6.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	2,054	-
	2,054	-

Page 3

GREENLEAS RESIDENTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

7.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Amounts due to Flatholders	1,449	2,706
Accrued expenses	600	920
	2,049	3,626

Allotted, called up and fully paid

5 Ordinary shares of £1 each	5	5

9.	Controlling party

The ultimate controlling party during the year was Sir Roger De Haan by virtue of his shareholding.

10.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 4