Willow Court Property Management Ltd |
Registered number: |
12364420 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
4 |
|
6,449 |
|
|
1 |
|
Creditors: amounts falling due within one year |
5 |
|
(6,684) |
|
|
- |
|
Net current (liabilities)/assets |
|
|
|
(235) |
|
|
1 |
|
Net (liabilities)/assets |
|
|
|
(235) |
|
|
1 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
5 |
|
|
1 |
Profit and loss account |
|
|
|
(240) |
|
|
- |
|
Shareholders' funds |
|
|
|
(235) |
|
|
1 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
D Willis |
Director |
Approved by the board on 8 August 2024 |
|
Willow Court Property Management Ltd |
Notes to the Accounts |
for the year ended 31 December 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 income received from the members to defray the costs relating to the communal property owned by the company. |
|
|
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 |
|
The company is a non-trading company being funded by the members to pay communal costs. As such it is not subject to corporation tax. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Freehold land |
|
|
The company owns the freehold of an access road and an attenuation pool, that is communal to the properties in Willow Court. It was transferred for nil value and the directors consider that is its carrying value. |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
6,449 |
|
1 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
6,444 |
|
- |
|
Other creditors |
240 |
|
- |
|
|
|
|
|
|
6,684 |
|
- |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Willow Court Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Willow Court |
|
Shouldham |
|
King's Lynn |
|
Norfolk |
|
PE33 0BQ |