Witham Lodge Management Company Limited - Limited company accounts 18.2

REGISTERED NUMBER: 04423856 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

WITHAM LODGE MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Dr S K Thomason

D P Vaughan

SECRETARY:

P W Bigge

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

04423856 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

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

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2018 to the date of this report.

Dr S K Thomason

D P Vaughan

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:

Dr S K Thomason - Director

18th June 2019

INCOME

15,221

14,942

Service charge expenditure

14,008

13,489

OPERATING PROFIT

1,213

1,453

Interest receivable and similar income

27

2

PROFIT BEFORE TAXATION

1,240

1,455

Tax on profit

3

-

PROFIT FOR THE FINANCIAL YEAR

1,240

1,455

CURRENT ASSETS

Debtors

4

12,056

10,573

CREDITORS

Amounts falling due within one year

5

12,045

10,562

NET CURRENT ASSETS

11

TOTAL ASSETS LESS CURRENT
LIABILITIES

11

CAPITAL AND RESERVES

Called up share capital

6

11

SHAREHOLDERS' FUNDS

11

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 18th June 2019 and were signed on its behalf by:

Dr S K Thomason - Director

1.	STATUTORY INFORMATION

Witham Lodge Management Company 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 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.

Income

During the year the company received monies from lessees, as agents, in respect of service charges and associated income,

which are held on trust and do not constitute turnover.

Presentation of the income statement

The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts

in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the

management of the property.

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31st December 2018 nor for the year ended

31st December 2017.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

Trade debtors

515

512

Other debtors

11,541

10,061

12,056

10,573

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

Trade creditors

1,276

991

Other creditors

10,769

9,571

12,045

10,562

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/18

31/12/17

value:

£

11

Ordinary

£1

11

7.

RESERVES

Retained

earnings

£

Profit for the year

1,240

Transfer to Service Charge Account

(1,240

)

At 31st December 2018

-

8.	RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some

of who are directors of the company. Service charges payable by the directors are on the same basis as for all the other

residents. No other transactions with related parties were undertaken such as are required to be disclosed under the FRS

102.