Woodside View Management Company (Number 2) Limited
Woodside View Management Company (Number 2) Limited
Registered number: 05565271
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2019
Partner Accountancy Limited
Woodside View Management Company (Number 2) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2019
Unaudited Financial Statements
Contents | |
Page | |
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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3 |
Woodside View Management Company (Number 2) Limited
Abridged Balance Sheet
As at
30 September 2019
Abridged Balance Sheet
Registered number:
05565271
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2019 | 2018 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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NET (LIABILITIES)/ASSETS |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 3 |
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Profit and Loss Account |
( |
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SHAREHOLDERS' FUNDS | (245) | 1,297 | |||
Page 1
Woodside View Management Company (Number 2) Limited
Abridged Balance Sheet (continued)
As at
30 September 2019
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2019 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Director
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The notes on page 3 form part of these financial statements.
Page 2
Woodside View Management Company (Number 2) Limited
Notes to the Abridged Financial Statements
For The Year Ended 30 September 2019
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The accounts have been prepared on a going concern basis, despite the fact that gross liabilities of the company exceed its assets at the balance sheet date. In arriving at this conclusion the company is reliant upon the continued support of the company's bankers and directors.
While the company remains subject to the same economic uncertainties confronting all businesses, the directors continually take steps to identify, manage and mitigate business risk. The results for the current financial year are showing substantial improvement and as such the basis of preparation is considered to be satisfactory.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2018: )
3.
Share Capital
2019 | 2018 | ||
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Allotted, Called up and fully paid |
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4.
General Information
Woodside View Management Company (Number 2) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05565271 . The registered office is 268 Haggstones Road, Worrall, Sheffield, S35 0PD.
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