Wingard Court Management Company (WSM) Limited - Period Ending 2019-03-25

Registration number: 02028772

Wingard Court Management Company (WSM) Limited

Unaudited Financial Statements

for the Year Ended 25 March 2019

Wingard Court Management Company (WSM) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Wingard Court Management Company (WSM) Limited

Company Information

Directors

R L Hackett W C A Viner Ms M Colls

Company secretary

Mrs E L B Hunter

Registered office

C/O Saturley Garner & Co Ltd Office 3, Pure Offices Pastures Avenue, St Georges Weston-super-Mare North Somerset BS22 7SB

Accountants

Four Fifty Partnership Chartered Accountants 34 Boulevard Weston-super-Mare North Somerset BS23 1NF

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Wingard Court Management Company (WSM) Limited

(Registration number: 02028772)
Balance Sheet as at 25 March 2019

	Note	2019 £	2018 £
Current assets
Debtors	4	12	12
Capital and reserves
Called up share capital		12	12
Total equity		12	12

For the financial year ending 25 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 December 2019 and signed on its behalf by:
 

.........................................

W C A Viner
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

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Wingard Court Management Company (WSM) Limited

Notes to the Financial Statements for the Year Ended 25 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these accounts is that of Pound Sterling (£).

Contractual commitments

The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the lease. At 25 March 2019 the company had not entered into any non-cancellable contractual commitments (2018 - Non-cancellable contractual commitment to the sum of £Nil).

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Wingard Court Management Company (WSM) Limited

Notes to the Financial Statements for the Year Ended 25 March 2019

2	Accounting policies (continued)

Residential property management trust

The company has only a small amount of income and expenditure in its own right or the majority of the transactions in the year relate to maintenance of the common parts of the property in accordance to the lease. Income and expenditure arising from these transactions are shown in separate service charge accounts for the property, they do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from the residents of the property are held on trust for the residents. As at the balance sheet date, the monies held in trust for future maintenance of the aforementioned property amount to £18,243 (2018 - £17,295).

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2018 - 0).

4

Debtors

	2019 £	2018 £
Other debtors	12	12
	12	12

5	Related party transactions

Included in other debtors is £12 (2018 - £12) held in the trust bank account on behalf of the company.

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