Branksome Wood Mansions And Cottage Resi - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02949448 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

FOR

BRANKSOME WOOD MANSIONS AND COTTAGE

RESIDENTS ASSOCIATION LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Current assets

Debtors

4

2,250

2,085

Cash at bank

6,002

5,819

8,252

7,904

Creditors

Amounts falling due within one year

5

2,323

1,980

Net current assets

5,929

5,924

Total assets less current liabilities

5,929

5,924

Capital and reserves

Called up share capital

6

8

8

Reserve fund

7

3,452

3,450

Income and expenditure account

7

2,469

2,466

Shareholders' funds

5,929

5,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2021 and were signed on its behalf by:

Mrs E Smith - Director

1.	Statutory information

Branksome Wood Mansions and Cottages Residents Association Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02949448. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 26 Branksome Wood Road, Bournemouth, Dorset BH4 9JZ.

2.	Accounting policies

Basis of preparing the financial statements

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

The accounts are prepared in accordance with the provisions of the lease.

Income

Income represents maintenance charges receivable in relation to the management of the block of flats.

Taxation

Service charge monies are held on trust in accordance with Section 42, Landlord and Tenant Act 1987.

Interest earned on service charge monies held on deposit is taxable at the basic rate of income tax.

3.	Employees and directors

The average number of employees during the year was 9 (2020 - 9 ) .

4.

Debtors: amounts falling due within one year

2021

2020

£

£

Prepayments

2,250

2,085

5.

Creditors: amounts falling due within one year

2021

2020

£

£

Accruals

450

440

Deferred income

1,873

1,540

2,323

1,980

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

8

Ordinary

£1

8

8

7.

Reserves

Income

and

expenditure

Reserve

account

fund

Totals

£

£

£

At 1 August 2020

2,466

3,450

5,916

Profit for the year

5

5

Transfer from/to income and

expenditure account

(2

)

2

-

At 31 July 2021

2,469

3,452

5,921

8.	Ultimate controlling party

The company is controlled by the members by virtue of their share capital

9.	First year adoption

These financial statements for the year ended 31 July 2021 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 01 August 2019.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements.