Woodford Street Flats Management Company Filleted Accounts Cover
Woodford Street Flats Management Company
Company No. 07871842
Information for Filing with The Registrar
31 March 2022
Woodford Street Flats Management Company Balance Sheet Registrar
at
31 March 2022
Company No.
07871842
Notes
2022
2021
£
£
Fixed assets
Tangible assets
4
--
Current assets
Debtors
5
1,8803,698
Cash at bank and in hand
11,2756,570
13,15510,268
Creditors: Amount falling due within one year
6
(1,410)
(967)
Net current assets
11,7459,301
Total assets less current liabilities
11,7459,301
Net assets
11,7459,301
Capital and reserves
Called up share capital
1515
Profit and loss account
7
11,7309,286
Total equity
11,7459,301
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 June 2022
And signed on its behalf by:
S. Bear
Director
17 June 2022
Woodford Street Flats Management Company Notes to the Accounts Registrar
for the year ended 31 March 2022
1
General information
Its registered number is: 07871842
Its registered office is:
Regency Estates
29 Lee Lane Horwich
Bolton
United Kingdom
BL6 7AY
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight line
Taxation
There is no corporation tax liability based on the company's activities
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
33
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2021
900900
At 31 March 2022
900900
Depreciation
At 1 April 2021
900900
At 31 March 2022
900900
Net book values
At 31 March 2022
--
At 31 March 2021
--
5
Debtors
2022
2021
£
£
Trade debtors
1,8803,698
1,8803,698
6
Creditors:
amounts falling due within one year
2022
2021
£
£
Trade creditors
-967
Accruals and deferred income
1,410-
1,410967
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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