Waterford Court Residents Management Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02030372 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WATERFORD COURT RESIDENTS MANAGEMENT

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Kazi

Mr N Rattenbury

Mr M Myers

Mr S A Salter

Dr. E Hui

Mr J Brand

Ms S Rahman

Ms A Ovaisi

SECRETARY:

D&G Block Management Limited

REGISTERED OFFICE:

192-198 4th Floor Vauxhall Bridge Road

London

SW1V 1DX

REGISTERED NUMBER:

02030372 (England and Wales)

ACCOUNTANTS:

COLIN GRAY & CO. LIMITED

Chartered Accountants

Hardy House

Northbridge Road

Berkhamsted

Hertfordshire

HP4 1EF

FIXED ASSETS

Tangible assets

4

15,339

15,339

CURRENT ASSETS

Debtors

5

40,599

13,616

Cash at bank

2,369

12,841

42,968

26,457

CREDITORS

Amounts falling due within one year

6

31,746

24,079

NET CURRENT ASSETS

11,222

2,378

TOTAL ASSETS LESS CURRENT LIABILITIES

26,561

17,717

CAPITAL AND RESERVES

Called up share capital

23

23

Freehold interest reserve

15,339

15,339

Major repairs reserve

70

70

Retained earnings

11,129

2,285

SHAREHOLDERS' FUNDS

26,561

17,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 12 December 2023 and were signed on its behalf by:

Mr M Myers - Director

Mr T Kazi - Director

1.	STATUTORY INFORMATION

Waterford Court Residents Management 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

Income represents service charges and ground rent received during the year.

Freehold interest

No depreciation charge has been provided for on the grounds that the annual depreciation charge and the accumulated depreciation are immaterial due to the estimated residual value of the freehold being in excess of the freehold's carrying amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2022

and 31 March 2023

15,339

NET BOOK VALUE

At 31 March 2023

15,339

At 31 March 2022

15,339

The Company, as nominee for the leaseholders, purchased the Freehold interest in Waterford Court in 1993 at a cost of £15,339.

Residents have contributed to the purchase by equal amounts either by way of an immediate payment or by payment over a period of time.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

40,599

13,616

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other creditors

31,746

24,079