Woodlands Gate Poundbury Management Company Limited - Period Ending 2022-12-31

Woodlands Gate Poundbury Management Company Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 8

Woodlands Gate Poundbury Management Company Limited

Company Information

Directors

P J Jones Mrs K B Johns D C Johns B M Sibley

Company secretary

Templehill Property Management Limited

Registered office

49 High West Street Dorchester Dorset DT1 1UT

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Woodlands Gate Poundbury Management Company Limited

Directors' Report
for the Year Ended 31 December 2022

The directors present their report and the financial statements for the year ended 31 December 2022.

Directors of the company

The directors who held office during the year were as follows:

D A A Wiggs (ceased 26 January 2023)

Mrs J Wiggs (ceased 26 January 2023)

Mrs J F Butler (ceased 12 August 2022)

P J Jones

Mrs K B Johns

D C Johns

B M Sibley (appointed 11 November 2022)

Principal activity

The principal activity of the company is property management services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 18 September 2023 and signed on its behalf by:

Templehill Property Management Limited Company secretary

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Woodlands Gate Poundbury Management Company Limitedfor the Year Ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Woodlands Gate Poundbury Management Company Limited for the year ended 31 December 2022 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Woodlands Gate Poundbury Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 20 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Woodlands Gate Poundbury Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Woodlands Gate Poundbury Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodlands Gate Poundbury Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Woodlands Gate Poundbury Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Woodlands Gate Poundbury Management Company Limited. You consider that Woodlands Gate Poundbury Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Woodlands Gate Poundbury Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

20 September 2023

Woodlands Gate Poundbury Management Company Limited

Profit and Loss Account
for the Year Ended 31 December 2022

	2022   £	2021   £
Turnover	14,600	16,715
Administrative expenses	(23,310)	(8,266)
Operating (loss)/profit	(8,710)	8,449
(Loss)/profit before tax	(8,710)	8,449
Taxation	-	-
(Loss)/profit for the financial year	(8,710)	8,449

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Woodlands Gate Poundbury Management Company Limited

(Registration number: 05987187)
Balance Sheet as at 31 December 2022

	Note	2022		2021
		£	£	£	£
Current assets
Debtors	4		1,880		1,030
Cash at bank and in hand			46,535		48,458
			48,415		49,488
Creditors: Amounts falling due within one year	5		(9,452)		(1,815)
Net assets			38,963		47,673
Capital and reserves
Called up share capital		7		7
Major maintenance fund		38,956		47,666
Profit and loss account		-		-
			38,963		47,673

For the financial year ending 31 December 2022 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 September 2023 and signed on its behalf by:
 

B M Sibley Director

Woodlands Gate Poundbury Management Company Limited

Statement of Changes in Equity
for the Year Ended 31 December 2022

	Share capital £	Major maintenance fund £	Profit and loss account £	Total £
At 1 January 2022	7	47,666	-	47,673
Loss for the year	-	-	(8,710)	(8,710)
Total comprehensive income	-	-	(8,710)	(8,710)
Transfers	-	(8,710)	8,710	-
At 31 December 2022	7	38,956	-	38,963

	Share capital £	Major maintenance fund £	Profit and loss account £	Total £
At 1 January 2021	7	39,217	-	39,224
Profit for the year	-	-	8,449	8,449
Total comprehensive income	-	-	8,449	8,449
Transfers	-	8,449	(8,449)	-
At 31 December 2021	7	47,666	-	47,673

Woodlands Gate Poundbury Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
49 High West Street
Dorchester
Dorset
DT1 1UT
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Woodlands Gate Poundbury Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2021 - 0). The average number of directors on the board during the year was 6 (2021 - 6).

4

Debtors

	2022 £	2021 £
Amounts due from lessees	760	-
Prepayments	1,120	1,030
	1,880	1,030

5

Creditors

	2022 £	2021 £
Due within one year
Amounts in advance from lessees	602	706
Other creditors and accruals	8,850	1,109
	9,452	1,815