Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3166Management of flats at 224 Walm Lane, Willesden, LondonNW2 3BS.2022-04-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01667702 2022-04-01 2023-03-31 01667702 2021-04-01 2022-03-31 01667702 2023-03-31 01667702 2022-03-31 01667702 c:Director2 2022-04-01 2023-03-31 01667702 d:FurnitureFittings 2022-04-01 2023-03-31 01667702 d:FurnitureFittings 2023-03-31 01667702 d:FurnitureFittings 2022-03-31 01667702 d:CurrentFinancialInstruments 2023-03-31 01667702 d:CurrentFinancialInstruments 2022-03-31 01667702 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01667702 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01667702 d:ShareCapital 2023-03-31 01667702 d:ShareCapital 2022-03-31 01667702 c:OrdinaryShareClass1 2022-04-01 2023-03-31 01667702 c:OrdinaryShareClass1 2023-03-31 01667702 c:FRS102 2022-04-01 2023-03-31 01667702 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01667702 c:FullAccounts 2022-04-01 2023-03-31 01667702 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01667702 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01667702














TWO HUNDRED AND TWENTY FOUR WALM LANE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
TWO HUNDRED AND TWENTY FOUR WALM LANE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
TWO HUNDRED AND TWENTY FOUR WALM LANE LIMITED
REGISTERED NUMBER:01667702

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
809
809

Cash at bank and in hand
  
8,073
13,246

  
8,882
14,055

Creditors: amounts falling due within one year
 6 
(8,878)
(14,051)

Net current assets
  
 
 
4
 
 
4

  

Net assets
  
5
5


Capital and reserves
  

Called up share capital 
 7 
5
5

  
5
5


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A G Hughes
Director

Date: 14 November 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
TWO HUNDRED AND TWENTY FOUR WALM LANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Two hundred and twenty four Walm Lane Limited is a limited liability company registered in England and Wales with its registered office at 224 Walm Lane, Willesden, London NW2 3BS.

The principal activity of the company is the management of flats at 224 Walm Lane, Willesden, London NW2 3BS.
The company has no expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in accordance with the leases. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents income which is collected from the residents for service charges and is applied solely for the upkeep of the property.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures & fittings
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Page 2

 
TWO HUNDRED AND TWENTY FOUR WALM LANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 April 2022
346



At 31 March 2023

346



Depreciation


At 1 April 2022
345



At 31 March 2023

345



Net book value



At 31 March 2023
1



At 31 March 2022
1


5.


Debtors

2023
2022
£
£


Other debtors
809
809


Page 3

 
TWO HUNDRED AND TWENTY FOUR WALM LANE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
7,448
12,712

Taxation
4
4

Other creditors
435
435

Accruals and deferred income
991
900

8,878
14,051



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5 Ordinary shares of £1 each
5
5


 
Page 4