WYVERN MANAGEMENT (PLOT 3000) LIMITED
Company registration number 03729678 (England and Wales)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
WYVERN MANAGEMENT (PLOT 3000) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WYVERN MANAGEMENT (PLOT 3000) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
2
499
99
Cash at bank and in hand
61,900
57,989
62,399
58,088
Creditors: amounts falling due within one year
3
(39,648)
(36,337)
Net current assets
22,751
21,751
Provisions for liabilities
4
(22,000)
(21,000)
Net assets
751
751
Capital and reserves
Called up share capital
19
19
Profit and loss reserves
732
732
Total equity
751
751
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 17 August 2022 and are signed on its behalf by:
Mr J G R Rudd
Director
Company Registration No. 03729678
WYVERN MANAGEMENT (PLOT 3000) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
1
Accounting policies
Company information
Wyvern Management (Plot 3000) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hilton Lodge, Derby Road, Hilton, Derby, DE65 5FP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The turnover shown in the profit and loss account represents insurance and service charges made to tenants in respect of the financial year.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.5
Provisions
Provisions are recognised when the company has a legal or constructive present obligation 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.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
2
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
480
-
Other debtors
19
99
499
99
WYVERN MANAGEMENT (PLOT 3000) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
3
Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
39,648
36,337
4
Provisions for liabilities
2022
2021
£
£
Maintenance provision
22,000
21,000
Movements on provisions:
Maintenance provision
£
At 1 April 2021
21,000
Additional provisions in the year
1,000
At 31 March 2022
22,000