Registered number
02141339
FIRST WOKING GRANGE MANAGEMENT LIMITED
Unaudited Filleted Accounts
30 September 2023
LIMITED BY GUARANTEE
FIRST WOKING GRANGE MANAGEMENT LIMITED
Registered number: 02141339
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 13,447 13,961
Cash at bank and in hand 129,535 141,549
142,982 155,510
Creditors: amounts falling due within one year 4 (13,295) (5,022)
Net current assets 129,687 150,488
Net assets 129,687 150,488
Capital and reserves
Revaluation reserve 5 100,500 85,000
Profit and loss account 29,187 65,488
Shareholders' funds 129,687 150,488
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.
H Dixon
Director
Approved by the board on 19 February 2024
FIRST WOKING GRANGE MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 September 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 represents the contributions from the association's residents and sundry income.
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.
Reserve fund
A Reserve fund is held in the Balance Sheet as a total. The Managing Agents hold a reconciliation of the amount apportioned to individual units for Major Works and this is available for inspection but does not form part of these Accounts and has not been inspected by us during the preparation of the accounts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 12,091 12,765
Other debtors 1,356 1,196
13,447 13,961
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 9,774 3,200
Taxation and social security costs 291 274
Other creditors 3,230 1,548
13,295 5,022
5 Revaluation reserve 2023 2022
£ £
At 1 October 2022 85,000 125,000
Transfer profit and loss account 15,500 (40,000)
At 30 September 2023 100,500 85,000
6 Other information
FIRST WOKING GRANGE MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
7 Burcott Gardens
Addlestone
Surrey
KT15 2De
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