Woodgate Park (Swanton Morley) Residents Limited Filleted accounts for Companies House (small and micro)

WOODGATE PARK (SWANTON MORLEY) RESIDENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07083991

Woodgate Park (Swanton Morley) Residents Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 December 2019

Woodgate Park (Swanton Morley) Residents Limited

Company Limited by Guarantee

Balance Sheet

31 December 2019

	2019		2018
Note	£	£	£

Current assets

Stocks		5,780		5,400
Debtors	6	12,781		16,629
Cash at bank and in hand		71,397		62,649
		--------		--------
			89,958	84,678
			--------	--------

Creditors: amounts falling due within one year	7	89,958	84,678
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings (including profit and loss account) has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 November 2020 , and are signed on behalf of the board by:

Dr S Kaushal

Director

Company registration number: 07083991

Woodgate Park (Swanton Morley) Residents Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2019

1. General information

The company is a private company limited by guarantee, registered in United Kingdom. The address of the registered office is Lincoln House Care Home, Dereham Road, Swanton Morley, Dereham, Norfolk, NR20 4LT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents the amounts receivable/ invoiced and accrued relating to goods and services supplied during the year (net of VAT).

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Company limited by guarantee

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2018: 2 ).

6. Debtors

	2019	2018
	£	£
Trade debtors	4,492	16,629
Other debtors	8,289	–
	--------	--------
	12,781	16,629
	--------	--------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	6,373	180
Social security and other taxes	–	6,958
Other creditors	83,585	77,540
	--------	--------
	89,958	84,678
	--------	--------