Company registration number 00670625 (England and Wales)
WINTON LODGE TENANT ASSOCIATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
WINTON LODGE TENANT ASSOCIATION LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
WINTON LODGE TENANT ASSOCIATION LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
88
87
Current assets
Cash at bank and in hand
38,969
23,646
Creditors: amounts falling due within one year
5
(2,407)
(1,020)
Net current assets
36,562
22,626
Total assets less current liabilities
36,650
22,713
Provisions for liabilities
(22)
(22)
Net assets
36,628
22,691
Capital and reserves
Called up share capital
6
50
50
Profit and loss reserves
36,578
22,641
Total equity
36,628
22,691

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 11 March 2024 and are signed on its behalf by:
Mr J Hooker
A Dallas
Director
Director
Company registration number 00670625 (England and Wales)
WINTON LODGE TENANT ASSOCIATION LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2021
50
12,936
12,986
Year ended 30 June 2022:
Profit and total comprehensive income for the year
-
9,705
9,705
Balance at 30 June 2022
50
22,641
22,691
Year ended 30 June 2023:
Profit and total comprehensive income for the year
-
13,937
13,937
Balance at 30 June 2023
50
36,578
36,628
Profit and loss reserve represented by:
General Fund
14,792
Garage Fund
17,050
Balcony Fund
4,736
36,578
WINTON LODGE TENANT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Winton Lodge Tenant Association Limited is a private company limited by shares incorporated in England and Wales. The registered office is 15 Imperial Avenue, Westcliff on Sea, Essex, SSO 8NF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover and profit before taxation is attributable to the one principal activity of the company.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WINTON LODGE TENANT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
5
4
Fixed asset investments
2023
2022
£
£
Investments
88
87

The company holds 206 Ordinary shares of 10p each, fully paid, in Lloyds Banking Group, which were received for no consideration, following their buyout of Halifax plc. The investment is held at £88 (2022 - £87) in the accounts, which is the current market value.

WINTON LODGE TENANT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 July 2022
87
Valuation changes
1
At 30 June 2023
88
Carrying amount
At 30 June 2023
88
At 30 June 2022
87
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
11
-
0
Trade creditors
1,352
-
0
Other creditors
1,044
1,020
2,407
1,020
WINTON LODGE TENANT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary 'A' Shares of £1 each
2
2
32 Ordinary 'B' Shares of £1 each
32
32
16 Ordinary 'C' Shares of £1 each
16
16
50
50
2023-06-302022-07-01false11 March 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr A BortolozzoMr J HookerA DallasMr  N HarrisonA MartinsMr J JardineJ. JenkinsS. Wright006706252022-07-012023-06-30006706252023-06-30006706252022-06-3000670625core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3000670625core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3000670625core:CurrentFinancialInstruments2023-06-3000670625core:CurrentFinancialInstruments2022-06-3000670625core:ShareCapital2023-06-3000670625core:ShareCapital2022-06-3000670625core:RetainedEarningsAccumulatedLosses2023-06-3000670625core:RetainedEarningsAccumulatedLosses2022-06-3000670625core:ShareCapital2021-06-3000670625core:RetainedEarningsAccumulatedLosses2021-06-30006706252021-06-3000670625core:ShareCapitalOrdinaryShares2023-06-3000670625core:ShareCapitalOrdinaryShares2022-06-3000670625bus:Director22022-07-012023-06-3000670625bus:Director32022-07-012023-06-30006706252021-07-012022-06-3000670625bus:PrivateLimitedCompanyLtd2022-07-012023-06-3000670625bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3000670625bus:FRS1022022-07-012023-06-3000670625bus:AuditExemptWithAccountantsReport2022-07-012023-06-3000670625bus:Director12022-07-012023-06-3000670625bus:Director42022-07-012023-06-3000670625bus:Director52022-07-012023-06-3000670625bus:Director62022-07-012023-06-3000670625bus:Director72022-07-012023-06-3000670625bus:Director82022-07-012023-06-3000670625bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP