Registered number
10222993
Wilton House Freehold Company Ltd
Filleted Accounts
30 June 2023
Wilton House Freehold Company Ltd
Registered number: 10222993
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 77,906 77,912
Current assets
Debtors 4 825 588
Cash at bank and in hand 1,686 3,560
2,511 4,148
Creditors: amounts falling due within one year 5 (380) (350)
Net current assets 2,131 3,798
Net assets 80,037 81,710
Capital and reserves
Called up share capital 5 5
Share premium 77,887 77,887
Accumulated fund 2,145 3,818
Shareholders' funds 80,037 81,710
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Natasha Smith
Director
Approved by the board on 7 September 2023
Wilton House Freehold Company Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents Service Charges levied on the residents to fund the ongoing maintenance of the the property, the company is not registered for value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 77,887 99 77,986
At 30 June 2023 77,887 99 77,986
Depreciation
At 1 July 2022 - 74 74
Charge for the year - 6 6
At 30 June 2023 - 80 80
Net book value
At 30 June 2023 77,887 19 77,906
At 30 June 2022 77,887 25 77,912
4 Debtors 2023 2022
£ £
Other debtors 825 588
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 380 350
6 Other information
Wilton House Freehold Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 4,
56 Ventnor Villas,
Hove,
East Sussex,
BN3 6DQ
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