White Court Management (Guildford) Limited 00974881 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Flats Management Digita Accounts Production Advanced 6.30.9574.0 true true 00974881 2022-07-01 2023-06-30 00974881 2023-06-30 00974881 core:OtherReservesSubtotal 2023-06-30 00974881 core:RetainedEarningsAccumulatedLosses 2023-06-30 00974881 core:CurrentFinancialInstruments 2023-06-30 00974881 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 00974881 core:Non-currentFinancialInstruments 2023-06-30 00974881 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 00974881 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 00974881 bus:SmallEntities 2022-07-01 2023-06-30 00974881 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 00974881 bus:FullAccounts 2022-07-01 2023-06-30 00974881 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 00974881 bus:RegisteredOffice 2022-07-01 2023-06-30 00974881 bus:Director3 2022-07-01 2023-06-30 00974881 bus:Director4 2022-07-01 2023-06-30 00974881 bus:Director5 2022-07-01 2023-06-30 00974881 bus:Director8 2022-07-01 2023-06-30 00974881 bus:CompanyLimitedByGuarantee 2022-07-01 2023-06-30 00974881 core:LandBuildings 2022-07-01 2023-06-30 00974881 countries:EnglandWales 2022-07-01 2023-06-30 00974881 2022-06-30 00974881 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 00974881 2021-07-01 2022-06-30 00974881 2022-06-30 00974881 core:OtherReservesSubtotal 2022-06-30 00974881 core:RetainedEarningsAccumulatedLosses 2022-06-30 00974881 core:CurrentFinancialInstruments 2022-06-30 00974881 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 00974881 core:Non-currentFinancialInstruments 2022-06-30 00974881 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 00974881 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 00974881

White Court Management (Guildford) Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

White Court Management (Guildford) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

White Court Management (Guildford) Limited

Company Information

Directors

Ms K Linaker

Mr S F Prior

Mr S Meager

Mr C D Harbour

Registered office

2 Pannells Court
Guildford
Surrey
GU1 4EU

 

White Court Management (Guildford) Limited

(Registration number: 00974881)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

44,796

44,796

Current assets

 

Debtors

5

3,064

3,197

Cash at bank and in hand

 

65,577

79,012

 

68,641

82,209

Creditors: Amounts falling due within one year

6

(3,079)

(2,998)

Net current assets

 

65,562

79,211

Total assets less current liabilities

 

110,358

124,007

Creditors: Amounts falling due after more than one year

6

(44,796)

(44,796)

Net assets

 

65,562

79,211

Reserves

 

Other reserves

450

450

Retained earnings

65,112

78,761

Surplus

 

65,562

79,211

For the financial year ending 30 June 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 year 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure Account.

Approved and authorised by the Board on 24 November 2023 and signed on its behalf by:
 

.........................................
Mr C D Harbour
Director

   
     
 

White Court Management (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £25 towards the assets of the company in the event of liquidation.

The address of its registered office is:
2 Pannells Court
Guildford
Surrey
GU1 4EU
England

The principal place of business is:
Flats 1 - 18 White Court
Thornton Close
Guildford
Surrey

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Income comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Income is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

White Court Management (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Not depreciated

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.

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 income and expenditure 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.

 

White Court Management (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2022

44,796

44,796

At 30 June 2023

44,796

44,796

Depreciation

Carrying amount

At 30 June 2023

44,796

44,796

At 30 June 2022

44,796

44,796

Included within the net book value of land and buildings above is £44,796 (2022 - £44,796) in respect of freehold land and buildings.
 

5

Debtors

2023
£

2022
£

Other debtors

380

175

Prepayments

2,684

3,022

3,064

3,197

 

White Court Management (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

3,079

2,998

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

44,796

44,796

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Members loan notes

44,796

44,796