Freshwood Residents (Freehold) Company Limited 04859196 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of the holding and managing of the freehold properties at 23-65 Freshwood Way, Wallington, Surrey and of its communal areas. Digita Accounts Production Advanced 6.30.9574.0 true 04859196 2022-04-01 2023-03-31 04859196 2023-03-31 04859196 core:CurrentFinancialInstruments 2023-03-31 04859196 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04859196 core:LandBuildings 2023-03-31 04859196 bus:SmallEntities 2022-04-01 2023-03-31 04859196 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04859196 bus:FullAccounts 2022-04-01 2023-03-31 04859196 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04859196 bus:RegisteredOffice 2022-04-01 2023-03-31 04859196 bus:Director1 2022-04-01 2023-03-31 04859196 bus:Director14 2022-04-01 2023-03-31 04859196 bus:Director15 2022-04-01 2023-03-31 04859196 bus:Director19 2022-04-01 2023-03-31 04859196 bus:Director2 2022-04-01 2023-03-31 04859196 bus:Director22 2022-04-01 2023-03-31 04859196 bus:Director23 2022-04-01 2023-03-31 04859196 bus:Director24 2022-04-01 2023-03-31 04859196 bus:Director25 2022-04-01 2023-03-31 04859196 bus:Director26 2022-04-01 2023-03-31 04859196 bus:Director27 2022-04-01 2023-03-31 04859196 bus:Director28 2022-04-01 2023-03-31 04859196 bus:Director31 2022-04-01 2023-03-31 04859196 bus:Director32 2022-04-01 2023-03-31 04859196 bus:Director33 2022-04-01 2023-03-31 04859196 bus:Director34 2022-04-01 2023-03-31 04859196 bus:Director4 2022-04-01 2023-03-31 04859196 bus:Director5 2022-04-01 2023-03-31 04859196 bus:Director6 2022-04-01 2023-03-31 04859196 bus:Director8 2022-04-01 2023-03-31 04859196 bus:Director9 2022-04-01 2023-03-31 04859196 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 04859196 core:LandBuildings 2022-04-01 2023-03-31 04859196 countries:EnglandWales 2022-04-01 2023-03-31 04859196 2022-03-31 04859196 core:LandBuildings 2022-03-31 04859196 2021-04-01 2022-03-31 04859196 2022-03-31 04859196 core:CurrentFinancialInstruments 2022-03-31 04859196 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04859196 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04859196

Freshwood Residents (Freehold) Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Freshwood Residents (Freehold) Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Freshwood Residents (Freehold) Company Limited

Company Information

Directors

P Tracy

LB Robbins

B Butcher

GJ Padmore

K Rassul

BS Hussain

A Jaye

L Chacksfield

LR Smith

P Pearse

Bruno Devilder

Loving Care Limited

R Ye

SD Delaney

AL Simmondds

E Cartwright

Z Rehman

JD Shelbourne

J Anderson

RJ Herran

A Perseh

Registered office

1 South Parade
Stafford Road
Wallington
Surrey
SM6 9AJ

Accountants

The McCay Partnership
Chartered Accountants
Unit 24
22 Carlton Road
South Croydon
Surrey
CR2 0BS

 

Freshwood Residents (Freehold) Company Limited

(Registration number: 04859196)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

213,522

213,522

Current assets

 

Debtors

5

20,134

14,318

Cash at bank and in hand

 

115,984

117,226

 

136,118

131,544

Creditors: Amounts falling due within one year

6

(3,992)

(11,815)

Net current assets

 

132,126

119,729

Net assets

 

345,648

333,251

Reserves

 

Other reserves

194,503

194,503

Retained earnings

151,145

138,748

Surplus

 

345,648

333,251

For the financial year ending 31 March 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 Profit and Loss Account.

Approved and authorised by the Board on 10 January 2024 and signed on its behalf by:
 

.........................................
P Tracy
Director

 

Freshwood Residents (Freehold) Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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 £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
1 South Parade
Stafford Road
Wallington
Surrey
SM6 9AJ

These financial statements were authorised for issue by the Board on 10 January 2024.

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.

Revenue recognition

Turnover 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. Turnover 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.

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:

 

Freshwood Residents (Freehold) Company Limited

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

Asset class

Depreciation method and rate

Freehold land and buildings

Nil

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2022 - 21).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

213,522

213,522

At 31 March 2023

213,522

213,522

Depreciation

Carrying amount

At 31 March 2023

213,522

213,522

At 31 March 2022

213,522

213,522

Included within the net book value of land and buildings above is £213,522 (2022 - £213,522) in respect of freehold land and buildings.
 

 

Freshwood Residents (Freehold) Company Limited

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

5

Debtors

Current

2023
£

2022
£

Trade debtors

13,858

9,208

Prepayments

6,276

5,110

 

20,134

14,318

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,444

11,036

Accruals and deferred income

2,549

780

Other creditors

(1)

(1)

3,992

11,815