Yalding Watermill Management Association - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02440532 (England and Wales)

Financial Statements for the Year Ended 31 March 2021

for

Yalding Watermill Management Association

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Greig

R H Oldfield

P G Tweddle

SECRETARY:

R H Oldfield

REGISTERED OFFICE:

1 The Watermill

Yalding

Kent

ME18 6DY

REGISTERED NUMBER:

02440532 (England and Wales)

FIXED ASSETS

Tangible assets

4

101,084

101,317

CURRENT ASSETS

Cash at bank

142

120

CREDITORS

Amounts falling due within one year

210

204

NET CURRENT LIABILITIES

(68

)

(84

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101,016

101,233

CREDITORS

Amounts falling due after more than one year

(30,000

)

(30,000

)

PROVISIONS FOR LIABILITIES

(13,300

)

(13,300

)

NET ASSETS

57,716

57,933

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

5

56,700

56,700

Retained earnings

16

233

SHAREHOLDERS' FUNDS

57,716

57,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2021 and were signed on its behalf by:

R H Oldfield - Director

1.	STATUTORY INFORMATION

Yalding Watermill Management Association 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 consists of contributions from the shareholders of £1,335 (2020 - £2,520) towards expenses incurred.

Tangible fixed assets

No depreciation is provided on the cost of the freehold property on the basis that it relates to land and not buildings.

Depreciation is provided on Plant & machinery at a rate of 15% per annum on cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

and 31 March 2021

101,550

DEPRECIATION

At 1 April 2020

233

Charge for year

233

At 31 March 2021

466

NET BOOK VALUE

At 31 March 2021

101,084

At 31 March 2020

101,317

Freehold land was valued on a fair value basis by the directors on 31 March 2021.

5.

RESERVES

Fair

value

reserve

£

At 1 April 2020

and 31 March 2021

56,700