| Woodridge Court Management Company Limited |
| Registered number: |
04820157 |
| Balance Sheet |
| as at 23 June 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
96,613 |
|
|
96,613 |
|
| Current assets |
| Debtors |
3 |
|
45,608 |
|
|
2,233 |
|
| Creditors: amounts falling due within one year |
4 |
|
(6,941) |
|
|
(12,810) |
|
| Net current assets/(liabilities) |
|
|
|
38,667 |
|
|
(10,577) |
|
| Net assets |
|
|
|
135,280 |
|
|
86,036 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,004 |
|
|
1,004 |
| Share premium |
|
|
|
95,609 |
|
|
95,609 |
| Profit and loss account |
|
|
|
38,667 |
|
|
(10,577) |
|
| Shareholders' funds |
|
|
|
135,280 |
|
|
86,036 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr R J Morris |
| Director |
| Approved by the board on 6 November 2019 |
|
| Woodridge Court Management Company Limited |
| Notes to the Accounts |
| for the year ended 23 June 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents ground rent, maintenance fees receivable and administrative charges levied on the leaseholders of Woodridge Court. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Fixed assets comprise the freehold land on which Woodridge Court stands. Depreciation is not provided on the freehold land. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 24 June 2018 |
96,613 |
|
At 23 June 2019 |
96,613 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 23 June 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 23 June 2019 |
96,613 |
|
At 23 June 2018 |
96,613 |
|
|
| 3 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
3,738 |
|
- |
|
Other debtors |
41,870 |
|
2,233 |
|
|
|
|
|
|
45,608 |
|
2,233 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
5,021 |
|
- |
|
Taxation and social security costs |
75 |
|
70 |
|
Other creditors |
1,845 |
|
12,740 |
|
|
|
|
|
|
6,941 |
|
12,810 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Property management arrangements |
|
|
The company has engaged the property management services of Rowland Jones Chartered Surveyors (RJCS) and delegated to that entity the responsibility for the collection of income and payment of liabilities. |
|
|
As a result our bank account is no longer an account under the company's direct control. It is held, as a client account, and operated by Rowland Jones Chartered Surveyors. This has been done in order to integrate into RJCS’s work order and payment system. Rowland Jones Chartered Surveyors is the trading name of ‘The JWT Partnership Limited’. From an accounting view point, our bank account balance remains a Current asset but is no longer described as ‘Cash at bank and in hand’ and is included under the heading of ‘Other debtors’. |
|
|
| 6 |
Loans from directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr R J Morris |
|
Interest free loan, repayable on demand |
5,000 |
|
- |
|
(5,000) |
|
- |
|
|
|
5,000 |
|
- |
|
(5,000) |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Shareholders |
|
The shareholders are all leaseholders in Woodridge Court who receive the benefit of management services provided by the company. The turnover represents income received from the leaseholders towards the cost of services and maintenance provided by the company. |
|
|
| 8 |
Controlling party |
|
|
The ultimate controlling parties are any combination of the company’s shareholders who together would form a voting majority. |
|
|
| 9 |
Other information |
|
|
Woodridge Court Management Company Limited is a private company limited by shares and incorporated in Wales. Its registered office is: |
|
Gorseinon |
|
Swansea |
|
SA4 4NW |
