ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

WEYCORNER (GUILDFORD) MANAGEMENT COMPANY LIMITED - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2022-07-312022-07-310truetrue0No description of principal activity2021-08-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10973361 2021-08-01 2022-07-31 10973361 2020-08-01 2021-07-31 10973361 2022-07-31 10973361 2021-07-31 10973361 c:Director2 2021-08-01 2022-07-31 10973361 d:CurrentFinancialInstruments 2022-07-31 10973361 d:CurrentFinancialInstruments 2021-07-31 10973361 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 10973361 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 10973361 c:FRS102 2021-08-01 2022-07-31 10973361 c:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 10973361 c:FullAccounts 2021-08-01 2022-07-31 10973361 c:CompanyLimitedByGuarantee 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 10973361










WEYCORNER (GUILDFORD) MANAGEMENT COMPANY LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2022
 
WEYCORNER (GUILDFORD) MANAGEMENT COMPANY LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 10973361

BALANCE SHEET
AS AT 31 JULY 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
17,635
15,133

  
17,635
15,133

Creditors: amounts falling due within one year
 4 
(17,635)
(15,133)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
-
-

  

Net assets
  
-
-


Capital and reserves
  

  
-
-


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2023.




P Flanegan
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
WEYCORNER (GUILDFORD) MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1.


General information

The company is a private limited company, limited by guarantee, incorporated in Wales. The registered address is Woodland Place, Wickford Business Park, Hurricane Way, Wickford, Essex, SS11 8YB.
 
The principal activity of the company is that of residential property management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 2
 
WEYCORNER (GUILDFORD) MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)


3.


Debtors

2022
2021
£
£


Other debtors
9,574
5,909

Prepayments and accrued income
8,061
9,224

17,635
15,133



4.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
11,161
9,189

Other creditors
3,664
3,521

Accruals and deferred income
2,810
2,423

17,635
15,133



5.


Money held on trust

This company acts as a trustee and holds service charge monies in trust under Section 42 Landlord and Tenant Act 1987 on behalf of the residents of the property which it manages. The amount of service charge monies held at the year end totals £1,002 (2021; £16,164). This amount in not shown on the balance sheet of these financial statements as the money is not an asset of the company.



6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. 

Page 3