Registered number
06820406
Woodfield Road Management Company Limited
Filleted Accounts
28 February 2023
Woodfield Road Management Company Limited
Registered number: 06820406
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 11,513 11,191
Creditors: amounts falling due within one year 4 (11,511) (11,189)
Net current assets 2 2
Net assets 2 2
Capital and reserves
Called up share capital 2 2
Shareholders' funds 2 2
The directors are 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 directors acknowledge their 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.
S Groves, Esq
Director
Approved by the board on 30 November 2023
Woodfield Road Management Company Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the recharge to the residents of expenses incurred by the company.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 11,513 11,191
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 11,511 11,189
Included in creditors is £11,189 (2019: £9,186) owing to one of the directors, who has confirmed that the loan will only be repaid as and when cash flow permits.
5 Related party transactions
On 12 May 2022, Priseline Ltd, a company incorporated in England, purchased 99% of the Ordinary share capital of the company. On 28 February 2023, Priseline Ltd sold its shareholding in Woodfield Road Management Company Limited to one of the directors, Mr S Groves and his wife. Priseline Ltd was dissolved on 7 November 2023.
6 Controlling party
The company has no one controlling interest as the share capital is held equally by the directors.
7 Other information
Woodfield Road Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
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