Silverfin false false 30/09/2023 01/10/2022 30/09/2023 Wendy Down Julie Ann Wylde 17 April 2024 The principal activity of the Company during the financial year was residential property management. 00988341 2023-09-30 00988341 core:CurrentFinancialInstruments 2023-09-30 00988341 core:CurrentFinancialInstruments 2022-09-30 00988341 2022-09-30 00988341 core:ShareCapital 2023-09-30 00988341 core:ShareCapital 2022-09-30 00988341 core:OtherCapitalReserve 2023-09-30 00988341 core:OtherCapitalReserve 2022-09-30 00988341 core:RetainedEarningsAccumulatedLosses 2023-09-30 00988341 core:RetainedEarningsAccumulatedLosses 2022-09-30 00988341 2022-10-01 2023-09-30 00988341 bus:FilletedAccounts 2022-10-01 2023-09-30 00988341 bus:SmallEntities 2022-10-01 2023-09-30 00988341 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 00988341 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 00988341 bus:Director1 2022-10-01 2023-09-30 00988341 bus:Director2 2022-10-01 2023-09-30 00988341 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure

Company No: 00988341 (England and Wales)

WINDERMERE FLATS LIMITED

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

WINDERMERE FLATS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

WINDERMERE FLATS LIMITED

BALANCE SHEET

As at 30 September 2023
WINDERMERE FLATS LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
2023 2022
£ £
Current assets
Debtors 4 2,271 2,037
Cash at bank and in hand 168,758 53,203
171,029 55,240
Creditors: amounts falling due within one year 5 ( 104,064) ( 4,285)
Net current assets 66,965 50,955
Total assets less current liabilities 66,965 50,955
Net assets 66,965 50,955
Capital and reserves
Called-up share capital 19 19
Other reserves 51,962 51,962
Profit and loss account 14,984 ( 1,026 )
Total shareholders' funds 66,965 50,955

For the financial year ending 30 September 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 Windermere Flats Limited (registered number: 00988341) were approved and authorised for issue by the Board of Directors on 17 April 2024. They were signed on its behalf by:

Julie Ann Wylde
Director
WINDERMERE FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
WINDERMERE FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

Windermere 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 Nexus House, 2 Cray Road, Sidcup, Kent, DA14 5DA, United Kingdom.

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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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 and after eliminating sales within the company.

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.

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.

Trade and other 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.

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 and other 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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

3. Employees

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

4. Debtors

2023 2022
£ £
Trade debtors 1,855 1,473
Other debtors 416 564
2,271 2,037

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 104,064 4,285