Struan House Residents Association Limited - Period Ending 2017-03-31

Registration number: 02064143

Struan House Residents Association Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

A J Wheeler Limited
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

Struan House Residents Association Limited

Profit and Loss Account for the Year Ended 31 March 2017

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.

The notes on pages 3 to 4 form an integral part of these financial statements.

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Struan House Residents Association Limited

(Registration number: 02064143)
Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Current assets
Debtors	3	6,000	6,000
Capital and reserves
Called up share capital	4	6,000	6,000
Total equity		6,000	6,000

For the financial year ending 31 March 2017 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 24 August 2017 and signed on its behalf by:
 

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

Mr Philip Staniland

Director

The notes on pages 3 to 4 form an integral part of these financial statements.

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Struan House Residents Association Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

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

The address of its registered office is:
North Point, Stafford Drive
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3BF
England

The principal place of business is:
Countrywide Residential Lettings Ltd
Victoria Avenue
Southend On Sea
Essex
SS2 6DF
England

These financial statements were authorised for issue by the Board on 24 August 2017.

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 - '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 that as disclosed in the accounting policies certain items are shown at fair value.
Under the Landlord and Tenant act 1987 the financial transactions are shown within seperate service charge accounts prepared and controlled as per section 42. The company acts as trustees and not as principle and as such nio financial transactions are disclosed within these statements as recommended in TECH03/11.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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Struan House Residents Association Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

3

Debtors

	2017 £	2016 £
Other debtors	6,000	6,000
	6,000	6,000

4	Share capital

Allotted, called up and fully paid shares

	2017		2016
	No.	£	No.	£
Ordinary share capital of £300 each	20	6,000	20	6,000

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