PTP Accounts Production v23.3.0.418 02138451 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021384512022-03-31021384512023-03-31021384512022-04-012023-03-31021384512021-03-24021384512021-03-252022-03-31021384512022-03-3102138451ns10:Originalns15:EnglandWales2022-04-012023-03-3102138451ns14:PoundSterlingns10:Original2022-04-012023-03-3102138451ns10:Originalns10:Director12022-04-012023-03-3102138451ns10:Original2022-04-012023-03-3102138451ns10:Original2023-03-3102138451ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3102138451ns10:Originalns10:SmallEntities2022-04-012023-03-3102138451ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3102138451ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3102138451ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3102138451ns10:Originalns10:FullAccounts2022-04-012023-03-3102138451ns10:Original2021-03-252022-03-3102138451ns10:Originalns10:Director22022-04-012023-03-3102138451ns10:Originalns10:Director32022-04-012023-03-3102138451ns10:CompanySecretary1ns10:Original2022-04-012023-03-3102138451ns10:Originalns10:CompanySecretary22022-04-012023-03-3102138451ns10:Originalns10:RegisteredOffice2022-04-012023-03-3102138451ns10:Original2022-03-3102138451ns10:Originalns5:CurrentFinancialInstruments2023-03-3102138451ns10:Originalns5:CurrentFinancialInstruments2022-03-3102138451ns10:Originalns5:Non-currentFinancialInstruments2023-03-3102138451ns10:Originalns5:Non-currentFinancialInstruments2022-03-3102138451ns5:ShareCapitalns10:Original2023-03-3102138451ns5:ShareCapitalns10:Original2022-03-3102138451ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3102138451ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3102138451ns10:Originalns5:FurnitureFittings2022-04-012023-03-3102138451ns10:Originalns5:PlantMachinery2022-03-3102138451ns10:Originalns5:FurnitureFittings2022-03-3102138451ns10:Original2022-03-3102138451ns10:Originalns5:PlantMachinery2022-04-012023-03-3102138451ns10:Originalns5:PlantMachinery2023-03-3102138451ns10:Originalns5:FurnitureFittings2023-03-3102138451ns10:Originalns5:PlantMachinery2022-03-3102138451ns10:Originalns5:FurnitureFittings2022-03-31
REGISTERED NUMBER: 02138451 (England and Wales)















William Nichols Court Management Company
Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






William Nichols Court Management Company
Limited (Registered number: 02138451)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


William Nichols Court Management Company
Limited

Company Information
for the Year Ended 31 March 2023







Directors: W Marriott
J Moxon
M D Lyons





Secretaries: M Jamil
Mrs C Reece





Registered office: 41 Oundle Road
Peterborough
Lincolnshire
PE2 9PB





Registered number: 02138451 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

William Nichols Court Management Company
Limited (Registered number: 02138451)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 221 260

Current assets
Debtors 5 2,400 -
Cash at bank 4,146 5,366
6,546 5,366
Creditors
Amounts falling due within one year 6 10,152 8,413
Net current liabilities (3,606 ) (3,047 )
Total assets less current liabilities (3,385 ) (2,787 )

Creditors
Amounts falling due after more than one
year

7

200

200
Net liabilities (3,585 ) (2,987 )

Capital and reserves
Called up share capital 24 24
Retained earnings (3,609 ) (3,011 )
Shareholders' funds (3,585 ) (2,987 )

William Nichols Court Management Company
Limited (Registered number: 02138451)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 profit or loss 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





J Moxon - Director


William Nichols Court Management Company
Limited (Registered number: 02138451)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

William Nichols Court Management Company Limited is a private company, limited by shares , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

William Nichols Court Management Company
Limited (Registered number: 02138451)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 April 2022
and 31 March 2023 328 4,995 5,323
Depreciation
At 1 April 2022 328 4,735 5,063
Charge for year - 39 39
At 31 March 2023 328 4,774 5,102
Net book value
At 31 March 2023 - 221 221
At 31 March 2022 - 260 260

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Prepayments 2,400 -

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Rents in advance 9,070 7,270
Accruals 1,082 1,143
10,152 8,413

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 200 200

8. Related party transactions

Management fees amounting to £4,800 (2021-£4,800) were paid to Oak County Property Management of which S Martin, company secretary until 27 July 2023, is a partner.

William Nichols Court Management Company
Limited (Registered number: 02138451)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. Freehold interest in land

The company holds the freehold interest in land forming the amenity areas adjacent to the buildings at William Nichols Court, together with the land on which the buildings are situated, under the terms of a deed registered at the Land Registry on 26 August 1988. Although the company holds the freehold, 99 year leases have been granted to each flat owner. Accordingly, the value of the land held by the company itself is deemed to be nil and no value is therefore included in the accounts.