Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Lesley Erica Haskins 10/05/2012 Susan Meriel Squibb 17/07/1991 21 February 2024 The principal activity of the Company during the financial year was that of managing, on a non-profit basis, the property known as Wayman Flats on behalf of the tenants. 02523177 2023-06-30 02523177 bus:Director1 2023-06-30 02523177 bus:Director2 2023-06-30 02523177 2022-06-30 02523177 core:CurrentFinancialInstruments 2023-06-30 02523177 core:CurrentFinancialInstruments 2022-06-30 02523177 core:ShareCapital 2023-06-30 02523177 core:ShareCapital 2022-06-30 02523177 core:SharePremium 2023-06-30 02523177 core:SharePremium 2022-06-30 02523177 core:LandBuildings 2022-06-30 02523177 core:LandBuildings 2023-06-30 02523177 2022-07-01 2023-06-30 02523177 bus:FilletedAccounts 2022-07-01 2023-06-30 02523177 bus:SmallEntities 2022-07-01 2023-06-30 02523177 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 02523177 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 02523177 bus:Director1 2022-07-01 2023-06-30 02523177 bus:Director2 2022-07-01 2023-06-30 02523177 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Company No: 02523177 (England and Wales)

WAYMAN FLATS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

WAYMAN FLATS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

WAYMAN FLATS LIMITED

BALANCE SHEET

As at 30 June 2023
WAYMAN FLATS LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 5,602 5,602
5,602 5,602
Current assets
Debtors 4 1,965 2,074
Cash at bank and in hand 2,546 2,818
4,511 4,892
Creditors: amounts falling due within one year 5 ( 4,395) ( 4,776)
Net current assets 116 116
Total assets less current liabilities 5,718 5,718
Net assets 5,718 5,718
Capital and reserves
Called-up share capital 10 10
Share premium account 5,708 5,708
Total shareholders' funds 5,718 5,718

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 financial statements of Wayman Flats Limited (registered number: 02523177) were approved and authorised for issue by the Board of Directors on 21 February 2024. They were signed on its behalf by:

Susan Meriel Squibb
Director
WAYMAN FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
WAYMAN FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wayman Flats Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Wayman Flats Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is stated gross of VAT and net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Freehold reversion - Not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 July 2022 5,602 5,602
At 30 June 2023 5,602 5,602
Accumulated depreciation
At 01 July 2022 0 0
At 30 June 2023 0 0
Net book value
At 30 June 2023 5,602 5,602
At 30 June 2022 5,602 5,602

4. Debtors

2023 2022
£ £
Other debtors 1,965 2,074

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 4,395 4,776