Wavendon Fields Residents Limited - Accounts to registrar (filleted) - small 23.2.5
Wavendon Fields Residents Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2023 |
| FOR |
| WAVENDON FIELDS RESIDENTS LIMITED |
| WAVENDON FIELDS RESIDENTS LIMITED (REGISTERED NUMBER: 01976920) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| WAVENDON FIELDS RESIDENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 9 High Street |
| Woburn Sands |
| Milton Keynes |
| Buckinghamshire |
| MK17 8RF |
| WAVENDON FIELDS RESIDENTS LIMITED (REGISTERED NUMBER: 01976920) |
| STATEMENT OF FINANCIAL POSITION |
| 30TH JUNE 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Freehold acquisition reserve |
| fund |
| Property maintenance reserve |
| SHAREHOLDERS' FUNDS |
| 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. |
| WAVENDON FIELDS RESIDENTS LIMITED (REGISTERED NUMBER: 01976920) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30TH JUNE 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| WAVENDON FIELDS RESIDENTS LIMITED (REGISTERED NUMBER: 01976920) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2023 |
| 1. | STATUTORY INFORMATION |
| Wavendon Fields Residents Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the annual maintenance and administration contributions receivable from residents during the year. None of the company's turnover relates to exports. |
| Tangible fixed assets |
| Freehold property | - |
| Gardening equipment | - |
| Satellite TV system | - |
| Taxation |
| No liability to UK corporation tax arose on ordinary activities for the year ended 30 June 2023 nor for the year ended 30 June 2022. |
| Under current tax regulations, the company is not liable to corporation tax on income generated from the service charges receivable. |
| The company would normally be liable to corporation tax on any other sources of income, included bank deposit interest. However, HMRC has granted a concession exempting the company from liability to tax as long as these sources of income remain relatively insignificant. |
| Provision for maintenance costs |
| In order to make allowance for maintenance obligations, the company makes annual provisions equivalent to the excess of the maintenance charges receivable, over the operating expenses, for each financial year during which a surplus arises. The provision has been reallocated to a Property Maintenance Reserve, in keeping with the requirements of FRS102. Reserves are released to fund shortfalls of income in the years in which major expenditure is incurred. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| WAVENDON FIELDS RESIDENTS LIMITED (REGISTERED NUMBER: 01976920) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Gardening | Satellite |
| property | equipment | TV system | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st July 2022 |
| and 30th June 2023 |
| DEPRECIATION |
| At 1st July 2022 |
| Charge for year |
| At 30th June 2023 |
| NET BOOK VALUE |
| At 30th June 2023 |
| At 30th June 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other creditors |
| 7. | RELATED PARTY DISCLOSURES |
| During the year the residents were charged £1,200 per flat (2022: £1,200) for their share of the management and maintenance costs. |
| At the year end, no amounts were outstanding. |