Registration number:
Waters Edge (Tavistock) Management Company Limited
for the Year Ended 31 December 2023
Waters Edge (Tavistock) Management Company Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Statement of Income and Retained Earnings |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Waters Edge (Tavistock) Management Company Limited
Company Information
Directors |
Mr Andrew Robert Hinder Mrs Judith Barry Cooke Mrs Melinda Rosey Hinder |
Registered office |
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Accountants |
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Waters Edge (Tavistock) Management Company Limited
Directors' Report for the Year Ended 31 December 2023
The directors present their report and the financial statements for the year ended 31 December 2023.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is the management of residential properties at Waters Edge, Parkwood Road, Tavistock and administration of variable charges as agent of the statutory trust for the residents of Waters Edge.
The company has no income or expenditure in its own right, all transactions in the year related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of Section 42 of the Landlord and Tenant Act 1987.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
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Mr Andrew Robert Hinder
Director
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Mrs Judith Barry Cooke
Director
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Mrs Melinda Rosey Hinder
Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Waters Edge (Tavistock) Management Company Limited
for the Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Waters Edge (Tavistock) Management Company Limited for the year ended 31 December 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Waters Edge (Tavistock) Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Waters Edge (Tavistock) Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Waters Edge (Tavistock) Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waters Edge (Tavistock) Management Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Waters Edge (Tavistock) Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Waters Edge (Tavistock) Management Company Limited. You consider that Waters Edge (Tavistock) Management Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Waters Edge (Tavistock) Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP
Waters Edge (Tavistock) Management Company Limited
Statement of Income and Retained Earnings for the Year Ended 31 December 2023
The company has no income or expenditure in its own right. All transactions in the year relate to maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. All service charges monies received from residents of Waters Edge are held on trust for the residents.
Waters Edge (Tavistock) Management Company Limited
(Registration number: 06300460)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
16 |
16 |
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Shareholders' funds |
16 |
16 |
Waters Edge (Tavistock) Management Company Limited
(Registration number: 06300460)
Balance Sheet as at 31 December 2023
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr Andrew Robert Hinder
Director
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Mrs Judith Barry Cooke
Director
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Mrs Melinda Rosey Hinder
Director
Waters Edge (Tavistock) Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Waters Edge (Tavistock) Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Amounts held on trust for residents |
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Related party transactions |
Transactions
During the year the directors were reimbursed £53 (2022 - £62) for expenses relating to the running of Waters Edge.
At the reporting date, the company held £19,860 (2022 - £26,035) on trust for the residents of Waters Edge (Tavistock) property.
Control
There is no controlling entity. Each shareholder owns one share. There is a requirement in the Articles of Association for each resident to be a member.
Taxation |
There is no income received by the company on which it pays corporation tax. H M Revenue & Customs has in any event agreed that the company should be treated as dormant for corporation tax purposes.