Edward Street Residents' Association Ltd - Limited company accounts 18.2

REGISTERED NUMBER: 01026104 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

EDWARD STREET RESIDENTS' ASSOCIATION LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Financial Statements

6

DIRECTORS:

Miss C M Mansi

J P Mullins

Mrs A Thomson

SECRETARY:

Mrs A Thomson

REGISTERED OFFICE:

106 Edward Street

Southborough

TUNBRIDGE WELLS

Kent

TN4 0EB

REGISTERED NUMBER:

01026104 (England and Wales)

ACCOUNTANTS:

Raymond Benn & Co Limited

Chartered Certified Accountants

1 Sheffield Road

Southborough

TUNBRIDGE WELLS

Kent

TN4 0PD

BANKERS:

Lloyds Bank plc

82 Mount Pleasant Road

TUNBRIDGE WELLS

Kent

TN1 1RP

The directors present their report with the financial statements of the company for the year ended 31 May 2018.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2017 to the date of

this report.

Miss C M Mansi

J P Mullins

Mrs A Thomson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in

accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law

the directors have elected to prepare the financial statements in accordance with United Kingdom Generally

Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company

law the directors must not approve the financial statements unless they are satisfied that they give a true and

fair view of the state of affairs of the company and of the profit or loss of the company for that period. In

preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain

the company's transactions and disclose with reasonable accuracy at any time the financial position of the

company and enable them to ensure that the financial statements comply with the Companies Act 2006. They

are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for

the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

Mrs A Thomson - Director

25 June 2018

TURNOVER

1,050

Administrative expenses

(838

)

(851

)

OPERATING PROFIT and

PROFIT BEFORE TAXATION

212

199

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

212

199

CURRENT ASSETS

Cash at bank

4,133

3,921

CREDITORS

Amounts falling due within one year

4

(373

)

(373

)

NET CURRENT ASSETS

3,760

3,548

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,760

3,548

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

3,757

3,545

SHAREHOLDERS' FUNDS

3,760

3,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 June 2018 and were signed on its
behalf by:

Mrs A Thomson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 June 2016

3

3,346

3,349

Changes in equity

Total comprehensive income

-

199

Balance at 31 May 2017

3

3,545

3,548

Changes in equity

Total comprehensive income

-

212

Balance at 31 May 2018

3

3,757

3,760

1.	STATUTORY INFORMATION

Edward Street Residents' Association Ltd is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents ground rent and other contributions receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Accrued expenses

373

5.	FREEHOLD PROPERTY

The company is the owner of the freehold property known as 106 and 108 Edward Street,

Southborough, Tunbridge Wells, Kent comprising three flats and communal parts, subject to 999 year

leases granted in 1971 and 1972 in favour of the three lessees.