Company Registration No. 3702137 (England and Wales)
WESTFIELD MANAGEMENT COMPANY (UK) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
Richard Anthony
Chartered Accountants
WESTFIELD MANAGEMENT COMPANY (UK) LIMITED
COMPANY INFORMATION
Directors
Ms S Potschke
Mr P Kouchikali
Mr D Khanna
Mr E Collias
(Appointed 28 January 2024)
Mr J Smith
(Appointed 28 January 2024)
Company number
3702137
Registered office
73 Cornhill
London
England
EC3V 3QQ
Accountants
Richard Anthony
Ground Floor Cooper House
316 Regents Park Road
London
N3 2JX
WESTFIELD MANAGEMENT COMPANY (UK) LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3
WESTFIELD MANAGEMENT COMPANY (UK) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2023.

Principal activities

The company acts as Trustee for the tenants of a block of flats known as Westfield, Kidderpore Avenue, London NW3 7SF. The company manages the block through an agency, Faraday Property Management Ltd. It collects Service Charges from the tenants of the block, and makes payments on their behalf, acting at all times as Trustee. Because of this Trust relationship, the accounts recognise that the company does not beneficially hold title to any assets or liabilities. A separate set of Service Charge accounts have been prepared that incorporate all Service Charge income and expenditure, debtors and creditors. Accordingly, this company's accounts do not reflect such transactions or balances. Both the current and the previous year have been presented on the basis that the company does not have a beneficial interest in the assets, liabilities, income or expenditure.

 

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs A Mccann
(Resigned 26 July 2023)
Mr G Dub
(Resigned 26 May 2023)
Ms S Potschke
Mr P Kouchikali
Dr S Heard
(Resigned 5 April 2023)
Mr D Khanna
Mr E Collias
(Appointed 28 January 2024)
Mr J Smith
(Appointed 28 January 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr D Khanna
Director
14 August 2024
WESTFIELD MANAGEMENT COMPANY (UK) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Reserves
4
-
-

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 August 2024 and are signed on its behalf by:
Mr D Khanna
Director
Company registration number 3702137 (England and Wales)
WESTFIELD MANAGEMENT COMPANY (UK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Westfield Management Company (UK) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 73 Cornhill, London, England, EC3V 3QQ.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
4
4
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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