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Registration number: 03386525

Wilton Village Shopping Management Company Limited

Filleted Unaudited Financial Statements

for the Period from 1 April 2022 to 30 September 2023

 

Wilton Village Shopping Management Company Limited
(Registration number: 03386525)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Wilton Village Shopping Management Company Limited
(Registration number: 03386525)

Company Information

Directors

P J Goodes

N I Hole

P Maclean

Registered office

Eagle House
1 Babbage Way
Exeter Science Park
Exeter
Devon
EX5 2FN

Accountants

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

 

Wilton Village Shopping Management Company Limited
(Registration number: 03386525)

Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

73,932

102,326

Cash at bank and in hand

 

240

146

 

74,172

102,472

Creditors: Amounts falling due within one year

5

(74,084)

(102,384)

Net assets

 

88

88

Capital and reserves

 

Called up share capital

88

88

Total equity

 

88

88

For the financial period ending 30 September 2023 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 period 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 30 October 2023 and signed on its behalf by:
 

.........................................
P J Goodes
Director

 

Wilton Village Shopping Management Company Limited
(Registration number: 03386525)

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Eagle House
1 Babbage Way
Exeter Science Park
Exeter
Devon
EX5 2FN

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Revenue comprises service charges and other recoveries from tenants. Service charges and other recoveries include income in relation to service charges and directly recoverable expenditure together with any chargeable management fees. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

 

Wilton Village Shopping Management Company Limited
(Registration number: 03386525)

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 period, was 4 (2022 - 4).

 

Wilton Village Shopping Management Company Limited
(Registration number: 03386525)

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

4

Debtors

2023
£

2022
£

Trade debtors

4,594

39,479

Amounts owed by related parties

56,737

-

Other debtors

3,197

-

Prepayments and accrued income

9,404

62,847

73,932

102,326

5

Creditors

2023
£

2022
£

Due within one year

Amounts owed to related parties

-

13,489

Trade creditors

8,952

7,583

Taxation and social security

-

649

Accrued expenses

65,132

80,663

74,084

102,384

6

Parent and ultimate parent undertaking

At 30 September 2023, the company’s immediate parent was Eagle One Village Shopping Limited and the ultimate parent undertaking was Eagle One Leisure Holdings Limited. The ultimate parent has included the company in its group financial statements, copies of which are available from its registered office: Eagle House, 1 Babbage Way, Exeter Science Park, Exeter, Devon, EX5 2FN.