Windover Court Property Management Limited - Period Ending 2017-01-31
Windover Court Property Management Limited - Period Ending 2017-01-31
Registration number:
Windover Court Property Management Limited
for the Year Ended 31 January 2017
Accountants
The Station House
15 Station Road
St Ives
Cambridgeshire
PE27 5BH
Windover Court Property Management Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Statement of Income and Retained Earnings |
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Balance Sheet |
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Notes to the Financial Statements |
Windover Court Property Management Limited
Company Information
Directors |
Mr Spencer Frank Wrench Mrs Regina Clara Wrench |
Registered office |
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Accountants |
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Page 1 |
Windover Court Property Management Limited
Directors' Report for the Year Ended 31 January 2017
The directors present their report and the financial statements for the year ended 31 January 2017.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is property management company
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
Mr Spencer Frank Wrench
Director
Page 2 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Windover Court Property Management Limited
for the Year Ended 31 January 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Windover Court Property Management Limited for the year ended 31 January 2017 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/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Windover Court Property Management 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 Windover Court Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Windover Court Property Management 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 Windover Court Property Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Windover Court Property Management 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 of Windover Court Property Management Limited. You consider that Windover Court Property Management 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 Windover Court Property Management 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.
Accountants
15 Station Road
St Ives
Cambridgeshire
PE27 5BH
Page 3 |
Windover Court Property Management Limited
Statement of Income and Retained Earnings for the Year Ended 31 January 2017
Note |
2017 |
2016 |
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Turnover |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
- |
- |
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Profit/(loss) before tax |
- |
- |
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Profit/(loss) for the financial year |
- |
- |
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Retained earnings brought forward |
- |
- |
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Retained earnings carried forward |
- |
- |
Page 4 |
Windover Court Property Management Limited
(Registration number: 07124762)
Balance Sheet as at 31 January 2017
Note |
2017 |
2016 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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
Mr Spencer Frank Wrench
Director
Page 5 |
Windover Court Property Management Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
General information |
The company is a private company limited by share capital incorporated in UK.
The address of its registered office is:
United Kingdom
The principal place of business is:
Orchard House
2 Suttons Lane
Deeping Gate
Peterborough
PE6 9AA
The accounts were authorised for issue on the date shown on the Director's report.
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.
Page 6 |
Windover Court Property Management Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
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.
Profit/loss before tax |
Arrived at after charging/(crediting)
2017 |
2016 |
Debtors |
2017 |
2016 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Page 7 |
Windover Court Property Management Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
Parent and ultimate parent undertaking |
The ultimate controlling party is
Page 8 |
Windover Court Property Management Limited
Detailed Profit and Loss Account for the Year Ended 31 January 2017
2017 |
2016 |
|
Turnover (analysed below) |
12,376 |
12,948 |
Gross profit (%) |
100% |
100% |
Administrative expenses |
||
Establishment costs (analysed below) |
8,538 |
9,166 |
General administrative expenses (analysed below) |
3,764 |
3,717 |
Finance charges (analysed below) |
74 |
65 |
12,376 |
12,948 |
|
Operating profit/(loss) |
- |
- |
Profit/(loss) before tax |
- |
- |
Page 9 |
Windover Court Property Management Limited
Detailed Profit and Loss Account for the Year Ended 31 January 2017
2017 |
2016 |
Turnover |
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Sales, UK |
12,376 |
12,948 |
Establishment costs |
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Insurance |
2,497 |
2,300 |
Repairs and maintenance |
5,007 |
6,517 |
Telephone and fax |
1,034 |
349 |
8,538 |
9,166 |
General administrative expenses |
||
Accountancy fees |
540 |
493 |
Management fees |
3,224 |
3,224 |
3,764 |
3,717 |
Finance charges |
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Bank charges |
74 |
65 |
Page 10 |