Waterford Court Residents Management Ltd - Accounts to registrar (filleted) - small 18.1
Waterford Court Residents Management Ltd - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| WATERFORD COURT RESIDENTS MANAGEMENT |
| LIMITED |
| WATERFORD COURT RESIDENTS MANAGEMENT |
| LIMITED (REGISTERED NUMBER: 02030372) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| WATERFORD COURT RESIDENTS MANAGEMENT |
| LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Hardy House |
| Northbridge Road |
| Berkhamsted |
| Hertfordshire |
| HP4 1EF |
| WATERFORD COURT RESIDENTS MANAGEMENT |
| LIMITED (REGISTERED NUMBER: 02030372) |
| BALANCE SHEET |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Freehold interest reserve | 7 |
| Major repairs reserve | 7 |
| Retained earnings | 7 |
| 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. |
| WATERFORD COURT RESIDENTS MANAGEMENT |
| LIMITED (REGISTERED NUMBER: 02030372) |
| BALANCE SHEET - continued |
| 31 March 2018 |
| 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 on |
| WATERFORD COURT RESIDENTS MANAGEMENT |
| LIMITED (REGISTERED NUMBER: 02030372) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| Waterford Court Residents Management Limited is a |
| 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 |
| Turnover |
| Income represents service charges and ground rent received during the year. |
| Freehold interest |
| The Company purchased the Freehold interest in Waterford Court in 1993 at a cost of £15,339. |
| 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. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Service charges and ground |
| rent due |
| Prepayments and other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Service charges and ground |
| rent prepaid |
| Accruals and other creditors |
| WATERFORD COURT RESIDENTS MANAGEMENT |
| LIMITED (REGISTERED NUMBER: 02030372) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2018 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 23 | 23 |
| 7. | RESERVES |
| Freehold | Major |
| Retained | interest | repairs |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 April 2017 | 51,217 |
| Deficit for the year | ( |
) | ( |
) |
| Transfer (to)/from major |
| repairs reserve | 7,336 | - | (7,336 | ) | - |
| At 31 March 2018 | 49,775 |
| 8. | CONTROL AND RELATED PARTY TRANSACTIONS |
| The company is controlled by the tenants as shareholders who hold equal shares, acting in concert. |
| At the year end, there were outstanding service charges receivable of £165 (2017: £49). |