Registered number
04820157
Woodridge Court Management Company Limited
Unaudited Filleted Accounts
23 June 2023
Woodridge Court Management Company Limited
Registered number: 04820157
Balance Sheet
as at 23 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 96,613 96,613
Current assets
Debtors 4 142,315 170,241
Creditors: amounts falling due within one year 5 (25,939) (43,964)
Net current assets 116,376 126,277
Net assets 212,989 222,890
Capital and reserves
Called up share capital 1,004 1,004
Share premium 95,609 95,609
Profit and loss account 7 116,376 126,277
Shareholders' funds 212,989 222,890
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.
Mr R J Morris
Director
Approved by the board on 12 March 2024
Woodridge Court Management Company Limited
Notes to the Accounts
for the year ended 23 June 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 and value added taxes. Turnover represents ground rent, maintenance fees receivable and administrative charges levied on the leaseholders of Woodridge Court.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Fixed assets comprise the freehold land on which Woodridge Court stands. Depreciation is not provided on the freehold land.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 24 June 2022 96,613
At 23 June 2023 96,613
Depreciation
At 23 June 2023 -
Net book value
At 23 June 2023 96,613
At 23 June 2022 96,613
4 Debtors 2023 2022
£ £
Trade debtors 158 158
Other debtors 142,157 170,083
142,315 170,241
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 281 148
Other creditors 25,658 43,816
25,939 43,964
6 Property management arrangements
The company has engaged the property management services of RJ Chartered Surveyors and delegated to that entity the responsibility for the collection of income and payment of liabilities.
As a result our bank account is no longer an account under the company's direct control. It is held, as a client account, and operated by RJ Chartered Surveyors. This has been done in order to integrate into RJ Chartered Surveyors' work order and payment system. RJ Chartered Surveyors is the trading name of ‘The JWT Partnership Limited’. From an accounting view point, our bank account balance remains a current asset but is no longer described as ‘Cash at bank and in hand’ and is included under the heading of ‘Other debtors’.
7 Profit and loss account reserves
The company's recurring maintenance, management and governance costs incurred in each financial year are met from the service charges levied in that year. The directors are of the opinion that the whole of the accumulated profit and loss account reserves at the balance sheet date are available to defray on future major repair expenditure.
8 Controlling party
The ultimate controlling parties are any combination of the company’s shareholders who together would form a voting majority.
9 Other information
Woodridge Court Management Company Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
19 Alexandra Road
Gorseinon
Swansea
SA4 4NW
Woodridge Court Management Company Limited 04820157 false 2022-06-24 2023-06-23 2023-06-23 VT Final Accounts October 2023 release 2 Mr R J Morris No description of principal activity 04820157 2021-06-24 2022-06-23 04820157 core:WithinOneYear 2022-06-23 04820157 core:ShareCapital 2022-06-23 04820157 core:SharePremium 2022-06-23 04820157 core:RetainedEarningsAccumulatedLosses 2022-06-23 04820157 2022-06-24 2023-06-23 04820157 bus:PrivateLimitedCompanyLtd 2022-06-24 2023-06-23 04820157 bus:AuditExemptWithAccountantsReport 2022-06-24 2023-06-23 04820157 bus:Director40 2022-06-24 2023-06-23 04820157 1 2022-06-24 2023-06-23 04820157 2 2022-06-24 2023-06-23 04820157 countries:England 2022-06-24 2023-06-23 04820157 bus:FRS102 2022-06-24 2023-06-23 04820157 bus:FullAccounts 2022-06-24 2023-06-23 04820157 2023-06-23 04820157 core:WithinOneYear 2023-06-23 04820157 core:ShareCapital 2023-06-23 04820157 core:SharePremium 2023-06-23 04820157 core:RetainedEarningsAccumulatedLosses 2023-06-23 04820157 core:LandBuildings 2023-06-23 04820157 2022-06-23 04820157 core:LandBuildings 2022-06-23 iso4217:GBP xbrli:pure