Wyvern Park Management Company Limited 05481904 false 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is Property Management Digita Accounts Production Advanced 6.30.9574.0 true 05481904 2021-01-01 2021-12-31 05481904 2021-12-31 05481904 core:RetainedEarningsAccumulatedLosses 2021-12-31 05481904 core:ShareCapital 2021-12-31 05481904 core:CurrentFinancialInstruments 2021-12-31 05481904 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 05481904 bus:SmallEntities 2021-01-01 2021-12-31 05481904 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 05481904 bus:FullAccounts 2021-01-01 2021-12-31 05481904 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 05481904 bus:RegisteredOffice 2021-01-01 2021-12-31 05481904 bus:CompanySecretary1 2021-01-01 2021-12-31 05481904 bus:Director2 2021-01-01 2021-12-31 05481904 bus:Director4 2021-01-01 2021-12-31 05481904 bus:Director5 2021-01-01 2021-12-31 05481904 bus:Director7 2021-01-01 2021-12-31 05481904 bus:Director8 2021-01-01 2021-12-31 05481904 bus:Director9 2021-01-01 2021-12-31 05481904 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 05481904 countries:EnglandWales 2021-01-01 2021-12-31 05481904 2020-01-01 2020-12-31 05481904 2020-12-31 05481904 core:RetainedEarningsAccumulatedLosses 2020-12-31 05481904 core:ShareCapital 2020-12-31 05481904 core:CurrentFinancialInstruments 2020-12-31 05481904 core:CurrentFinancialInstruments core:WithinOneYear 2020-12-31 iso4217:GBP xbrli:pure

Registration number: 05481904

Wyvern Park Management Company Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Wyvern Park Management Company Limited
(Registration number: 05481904)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Wyvern Park Management Company Limited
(Registration number: 05481904)

Company Information

Directors

J R Bowden

Lt Col P Norrington-Davies OBE

I J Lavender

C A McFadzean

P D Wilding

M R King

Company secretary

Whitton & Laing (South West) LLP

Registered office

20 Queen Street
Exeter
Devon
EX4 3SN

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Wyvern Park Management Company Limited
(Registration number: 05481904)

Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Current assets

 

Debtors

4

284

686

Cash at bank and in hand

 

90,902

80,993

 

91,186

81,679

Creditors: Amounts falling due within one year

5

(8,617)

(1,228)

Net assets

 

82,569

80,451

Capital and reserves

 

Called up share capital

131

131

Profit and loss account

82,438

80,320

Total equity

 

82,569

80,451

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 July 2022 and signed on its behalf by:
 

.........................................
M R King
Director

 

Wyvern Park Management Company Limited
(Registration number: 05481904)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Queen Street
Exeter
Devon
EX4 3SN

2

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.

The directors have considered the impact of COVID-19 and do not consider it to have a material impact on the balances included within the financial statements.

In addition, the Directors do not consider it to cast any significant doubt upon the company's ability to continue to trade as a going concern.

The directors have taken both reactive and proactive measures in order to mitigate any risks associated with COVID-19 including managing cash flow to ensure that debts can be paid when they fall due, managing staffing levels and monitoring key customer and supplier activity.

The directors have implemented a robust system of procedures and controls in order to deal with any associated risks.
 

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.

 

Wyvern Park Management Company Limited
(Registration number: 05481904)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2020 - 6).

4

Debtors

2021
£

2020
£

Trade debtors

-

450

Prepayments and accrued income

284

236

Total current trade and other debtors

284

686

 

Wyvern Park Management Company Limited
(Registration number: 05481904)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

5

Creditors

2021
£

2020
£

Due within one year

Trade creditors

147

448

Accrued expenses

780

780

Deferred income

7,690

-

8,617

1,228