Limpsfield Court Residents Association - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02859690 (England and Wales)

Financial Statements

for the Year Ended 31st December 2017

for

LIMPSFIELD COURT RESIDENTS

ASSOCIATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B Williams

P Smith

Ms M A Shah

SECRETARY:

D P Wheeler

REGISTERED OFFICE:

Goodman House

13a West Street

Reigate

Surrey

RH2 9BL

REGISTERED NUMBER:

02859690 (England and Wales)

ACCOUNTANTS:

Cheeld Wheeler & Co

Chartered Certified Accountants

Goodman House

13a West Street

Reigate

Surrey

RH2 9BL

BANKERS:

NatWest Bank plc

PO Box 957

Warlingham

Surrey

CR6 9NR

FIXED ASSETS

Tangible assets

4

1

1

Investments

5

4

4

5

5

CURRENT ASSETS

Debtors

6

2,194

2,644

Cash at bank

4,465

4,198

6,659

6,842

CREDITORS

Amounts falling due within one year

7

3,061

3,060

NET CURRENT ASSETS

3,598

3,782

TOTAL ASSETS LESS CURRENT LIABILITIES

3,603

3,787

CAPITAL AND RESERVES

Called up share capital

4

4

Major repairs reserve

3,000

3,000

Retained earnings

599

783

SHAREHOLDERS' FUNDS

3,603

3,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income and Expenditure account has not been delivered.

The financial statements were approved by the Board of Directors on 31st July 2018 and were signed on its behalf by:

P Smith - Director

1.	STATUTORY INFORMATION

Limpsfield Court Residents Association Limited 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

Members contributions are accounted for on the basis of monies due in respect of the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2017

and 31st December 2017

138

DEPRECIATION

At 1st January 2017

and 31st December 2017

137

NET BOOK VALUE

At 31st December 2017

1

At 31st December 2016

1

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2017

and 31st December 2017

4

NET BOOK VALUE

At 31st December 2017

4

At 31st December 2016

4

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,063

2,513

Prepayments

131

131

2,194

2,644

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Income in advance

2,400

2,400

Accrued expenses

661

660

3,061

3,060

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Each director is required to make annual contributions to the company in order to cover the anticipated costs of

operating the company. These contributions amounted to £600 (2016 - £600) for each director.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the three directors who are also shareholders of the company.