OAKDATE MANAGEMENT (WIGAN) LIMITED (a company limited by guarantee) |
Registered number: |
07585062 |
Balance Sheet |
as at 31 March 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
3 |
|
2,628 |
|
|
1,961 |
Cash at bank and in hand |
|
|
13,160 |
|
|
15,992 |
|
|
|
15,788 |
|
|
17,953 |
|
Creditors: amounts falling due within one year |
4 |
|
(500) |
|
|
(3,442) |
|
Net current assets |
|
|
|
15,288 |
|
|
14,511 |
|
Net assets |
|
|
|
15,288 |
|
|
14,511 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
15,288 |
|
|
14,511 |
|
Shareholders' funds |
|
|
|
15,288 |
|
|
14,511 |
|
|
|
|
|
|
|
|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
The director is 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 director acknowledges her 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. |
|
|
|
|
Clare Hughes |
Director |
Approved by the board on 9 November 2023 |
|
OAKDATE MANAGEMENT (WIGAN) LIMITED (a company limited by guarantee) |
Notes to the Accounts |
for the year ended 31 March 2023 |
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|
1 |
Accounting policies |
|
|
Basis of preparation and adoption of FRS102 |
|
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). The financial statements are prepared in sterling, which is the functional currency of the entity. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of property management services. |
|
|
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. |
|
|
Judgements and key sources of estimation uncertainty |
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
|
|
Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Financial instruments |
|
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
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|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
2,628 |
|
1,961 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
- |
|
2,942 |
|
Other creditors |
500 |
|
500 |
|
|
|
|
|
|
500 |
|
3,442 |
|
|
|
|
|
|
|
|
|
|
5 |
Company limited by guarantee |
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The company is limited by guarantee and does not have a share capital. The liability of the members is limited to £1 in the event of the company being wound up while they are a member, or within one year after they cease to be a member for debts and liabilities incurred before they cease to be a member. Each leaseholder at Cranberry Court becomes a member of the company by reason of signing their lease. |
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6 |
Other information |
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OAKDATE MANAGEMENT (WIGAN) LIMITED (a company limited by guarantee) is a private company limited by guatantee and incorporated in England. Its registered office is: |
|
14th Floor, 82 King Street |
|
Manchester |
|
M2 4WQ |