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Corsham Court Residents Association Limited
02758130
2015-12-24
-1505
-1505
-1501
-1501
4
4
-1501
-1501
-1501
-1501
-3373
-3373
3373
3373
1872
1872
1872
1872
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows;
Land and buidlings-No depreciation
Freehold buildings amounting to £1,872 have not been depreciated. This is a departure from the requirements of the Financial Reporting Standards for Smaller Entities (effective April 2008). The amount shown as freehold land and buildings represents the freehold interest in the flats and, as such, retains its value. The director therefore feels it appropriate not to depreciate the asset.
Fixed Assets
All fixed assets are initially recorded at cost.
Changes in accounting policy
In preparing the financial statements for the current year, the company has chosen to adopt ICAEW Technical Release 03/11 relating to Service Charge accounts whereby transactions and balances that relate to the company acting as agent are excluded from the accounts. The effect on the prior year's results is to remove a profit for the year of £2,944, debtors of £7,878, decrease creditors by £2,367 and increase retained profits within reserves by £5,511.
1872
1872
1872
1872
Ordinary
7
0.50
4
4
Ordinary
0.50
4
4
7
2016-09-05
A Sweet
true
true
true
true
xbrli:shares
iso4217:GBP
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Corsham Court Residents Association Limited
2014-11-01
2015-12-24
Corsham Court Residents Association Limited
2013-11-01
2014-10-31
Corsham Court Residents Association Limited
2013-10-31
Corsham Court Residents Association Limited
2014-10-31
Corsham Court Residents Association Limited
2014-10-31
Corsham Court Residents Association Limited
2015-12-24
2016-09-12