Worle Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04728153 (England and Wales)

Unaudited Financial Statements for the Year Ended 23 June 2019

for

WORLE MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J W Lawson

REGISTERED OFFICE:

Pembroke House

15 Pembroke Road

Clifton

Bristol

BS8 3BA

REGISTERED NUMBER:

04728153 (England and Wales)

ACCOUNTANT:

Grahame J Harbour Limited

1 Windrush Road

Keynsham

Bristol

Avon

BS31 1QL

CURRENT ASSETS

Debtors

3

5,989

1,327

Cash at bank

48,180

60,030

54,169

61,357

CREDITORS

Amounts falling due within one year

4

43,922

51,158

NET CURRENT ASSETS

10,247

10,199

TOTAL ASSETS LESS CURRENT LIABILITIES

10,247

10,199

CREDITORS

Amounts falling due after more than one year

5

10,242

10,194

NET ASSETS

5

5

CAPITAL AND RESERVES

Called up share capital

5

5

SHAREHOLDERS' FUNDS

5

5

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 3 April 2020 and were signed by:

J W Lawson - Director

1.	STATUTORY INFORMATION

Worle Management 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Sinking fund

A sinking fund is held which sets aside funds for life cycle fabric maintenance as identified in the planned

maintenance schedule.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.6.19

23.6.18

£

£

HM Revenue and Customs

3,061

1,327

Other debtors

2,928

-

5,989

1,327

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.6.19

23.6.18

£

£

Other creditors

43,922

51,158

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

23.6.19

23.6.18

£

£

Provision for refurbishment re Sinking Fund

10,242

10,194

6.	RELATED PARTY DISCLOSURES

The buildings are held by the shareholders for investment purposes and underlet to occupational tenants. There

were no transactions between shareholders and the company.