Westaway Reach Management Company Limited
Westaway Reach Management Company Limited
Registered number: 09831410
Directors' Report and
Financial Statements
For The Year Ended
31 October 2023
Westaway Reach Management Company Limited
Directors' Report and Financial Statements
For The Year Ended
31 October 2023
Directors' Report and Financial Statements
| Contents | |
| Page | |
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| Company Information | 1—2 |
| Directors' Report | 3—4 |
| Accountant's Report | 5 |
| Income and Expenditure Account | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 |
Page 1
Westaway Reach Management Company Limited
Company Information
For The Year Ended
31 October 2023
Company Information
| Directors |
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| Secretary |
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| Company Number |
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| Registered Office | 53 Bampton Street |
| Tiverton | |
| Devon | |
| EX16 6AL |
...CONTINUED
Page 1
Page 2
Westaway Reach Management Company Limited
Company Information (continued)
For The Year Ended
31 October 2023
| Accountants |
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| Tiverton Business Park | |
| Tiverton | |
| Devon | |
| EX16 6GT | |
Page 2
Page 3
Westaway Reach Management Company Limited
Company No. 09831410
Directors' Report For The Year Ended
31 October 2023
Directors' Report
The directors present their report and the financial statements for the year ended
31 October 2023
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Principal Activity
The company's principal activity during the year was the management of 42 houses and surrounding open spaces in Shearford Close, Pilton, Barnstaple.
Directors
The directors who held office during the year were as follows:
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...CONTINUED
Page 3
Page 4
Westaway Reach Management Company Limited
Directors' Report (continued)
For The Year Ended
31 October 2023
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Small Company Rules
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.
On behalf of the board
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Director
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Page 4
Page 5
Westaway Reach Management Company Limited
Accountant's Report
For The Year Ended
31 October 2023
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of
Westaway Reach Management Company Limited
for the year ended 31 October 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of
Westaway Reach Management Company Limited
which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of
Westaway Reach Management Company Limited
, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of
Westaway Reach Management Company Limited
and state those matters that we have agreed to state to the directors of
Westaway Reach Management Company Limited
, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Westaway Reach Management Company Limited
and its directors as a body for our work or for this report.
It is your duty to ensure that
Westaway Reach 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 profit or loss of
Westaway Reach Management Company Limited
. You consider that
Westaway Reach 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
Westaway Reach 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 financial statements.
| Signed |
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4 Cedar Court
Tiverton Business Park
Tiverton
Devon
EX16 6GT
Page 5
Page 6
Westaway Reach Management Company Limited
Income and Expenditure Account
For The Year Ended
31 October 2023
Income and Expenditure Account
| 2023 | 2022 | |||
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| Notes | £ | £ | ||
| TURNOVER |
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| GROSS SURPLUS |
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| Administrative expenses |
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| OPERATING (DEFICIT)/SURPLUS |
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| Other interest receivable and similar income |
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| (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
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The notes on page 8 form part of these financial statements.
Page 6
Page 7
Westaway Reach Management Company Limited
Balance Sheet
As At
31 October 2023
Balance Sheet
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Income and Expenditure Account |
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| MEMBERS' FUNDS | 6,676 | 7,869 | |||
On behalf of the board
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Director
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The notes on page 8 form part of these financial statements.
Page 7
Page 8
Westaway Reach Management Company Limited
Notes to the Financial Statements
For The Year Ended
31 October 2023
Notes to the Financial Statements
1.
General Information
Westaway Reach Management Company Limited
is a private company, limited by guarantee, incorporated in England & Wales, registered number
09831410
. The registered office is 53 Bampton Street, Tiverton, Devon, EX16 6AL.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover consists of fees and charges received from owners of the houses.
2.3.
Taxation
There is no corporation tax liability as the company's business consists of the management, on a non profit making basis, of a housing complex for the owners of the houses.
3.
Average Number of Employees
The average number of employees, including directors, during the year was NIL (2022: NIL)
4.
Debtors
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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Creditors: Amounts Falling Due Within One Year
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| £ | £ | ||
| Trade creditors |
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| Other creditors |
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| Accruals and deferred income |
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6.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 8