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REGISTERED NUMBER: 04493685 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED

WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04493685)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2022




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2022







DIRECTORS: Mrs J T Ward
P M Honeyman
I J Cowley
K D Westwood
Miss S R Lawrence
M V S Cormack





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04493685 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04493685)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2022

The directors present their report with the financial statements of the company for the year ended 31st December 2022.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2022 to the date of this report.

Mrs J T Ward
P M Honeyman
I J Cowley
K D Westwood
Miss S R Lawrence

Other changes in directors holding office are as follows:

Mrs D J Taylor - resigned 13th March 2022

M V S Cormack was appointed as a director after 31st December 2022 but prior to the date of this report.

C M Jones ceased to be a director after 31st December 2022 but prior to the date of this report.

The company is limited by guarantee and has no share capital. The liability of each member is limited to £1.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P M Honeyman - Director


2nd November 2023

WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04493685)

INCOME STATEMENT
for the Year Ended 31st December 2022

31/12/22 31/12/21
Notes £    £   

INCOME 101,332 100,046

Service Charge Expenditure 108,819 98,677
OPERATING (DEFICIT)/SURPLUS (7,487 ) 1,369

Interest receivable and similar income 44 43
(DEFICIT)/SURPLUS BEFORE
TAXATION

(7,443

)

1,412

Tax on (deficit)/surplus 4 526 648
(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR

(7,969

)

764

WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04493685)

BALANCE SHEET
31st December 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 77,484 77,484

CURRENT ASSETS
Debtors 6 52,849 83,914

CREDITORS
Amounts falling due within one year 7 122,765 155,225
NET CURRENT LIABILITIES (69,916 ) (71,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,568

6,173

RESERVES
Income and expenditure account 8 7,568 6,173
7,568 6,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.

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 surplus or deficit 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.

The financial statements have been prepared 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 2nd November 2023 and were signed on its behalf by:





P M Honeyman - Director


WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04493685)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2022

1. STATUTORY INFORMATION

Wilton Castle (Wilton) Management Company Limited is a private company, limited by guarantee , registered in England 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
During the year the company received monies from lessees, as agent, in respect of service charges and associated income, which are held on trust and do not constitute turnover.

Tangible fixed assets
No depreciation is provided on the cost of the Freehold property as, in the opinion of the directors, the current value is supported by the value of ground rents receivable.

Presentation of income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

31/12/22 31/12/21
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
The tax charge on the deficit for the year was as follows:
31/12/22 31/12/21
£    £   
Current tax:
UK corporation tax 526 648
Tax on (deficit)/surplus 526 648

WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04493685)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2022

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st January 2022
and 31st December 2022 77,484
NET BOOK VALUE
At 31st December 2022 77,484
At 31st December 2021 77,484

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade Debtors 4,773 1,550
Other debtors 667 5,663
Bank balances held 36,333 67,126
Prepayments 11,076 9,575
52,849 83,914

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade creditors 7,227 2,378
Tax 526 648
Loans to fund Freehold Purchase 61,566 61,566
Estate Reserve Fund 19,534 19,534
Tree Maintenance Fund 900 900
Reserve Fund - Buildings 25,018 54,574
Service Charge Account 2,858 12,222
Accrued expenses 5,136 3,403
122,765 155,225

8. RESERVES
Income
and
expenditure
account
£   

At 1st January 2022 6,173
Deficit for the year (7,969 )
Transfer to Service Charge
Account

9,364

At 31st December 2022 7,568

WILTON CASTLE (WILTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04493685)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2022

9. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some of who are directors of the company. Service charges payable by the directors are on the same basis as for all of the other residents. No other transactions with related parties were undertaken such as are required to be disclosed under the FRS102.