Willowborne Garden Residents Association Limited 03041294 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is The Company was formed to acquire the freehold interest of Willowborne Garden, Winfrith Newburgh, Dorchester, Dorset which comprises seven cottages and also to maintain the property. Digita Accounts Production Advanced 6.30.9574.0 true 03041294 2023-07-01 2024-06-30 03041294 2024-06-30 03041294 core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 03041294 core:OtherReservesSubtotal 2024-06-30 03041294 core:RetainedEarningsAccumulatedLosses 2024-06-30 03041294 core:RevaluationReserve 2024-06-30 03041294 core:ShareCapital 2024-06-30 03041294 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 03041294 core:LandBuildings 2024-06-30 03041294 bus:SmallEntities 2023-07-01 2024-06-30 03041294 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03041294 bus:FullAccounts 2023-07-01 2024-06-30 03041294 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03041294 bus:RegisteredOffice 2023-07-01 2024-06-30 03041294 bus:CompanySecretary1 2023-07-01 2024-06-30 03041294 bus:Director1 2023-07-01 2024-06-30 03041294 bus:Director2 2023-07-01 2024-06-30 03041294 bus:Director6 2023-07-01 2024-06-30 03041294 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03041294 bus:Agent1 2023-07-01 2024-06-30 03041294 core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-01 2024-06-30 03041294 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 03041294 core:RevaluationReserve 2023-07-01 2024-06-30 03041294 core:ShareCapital 2023-07-01 2024-06-30 03041294 core:LandBuildings 2023-07-01 2024-06-30 03041294 countries:EnglandWales 2023-07-01 2024-06-30 03041294 2023-06-30 03041294 core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 03041294 core:RetainedEarningsAccumulatedLosses 2023-06-30 03041294 core:RevaluationReserve 2023-06-30 03041294 core:ShareCapital 2023-06-30 03041294 core:LandBuildings 2023-06-30 03041294 2022-07-01 2023-06-30 03041294 2023-06-30 03041294 core:OtherReservesSubtotal 2023-06-30 03041294 core:RetainedEarningsAccumulatedLosses 2023-06-30 03041294 core:RevaluationReserve 2023-06-30 03041294 core:ShareCapital 2023-06-30 03041294 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03041294 core:LandBuildings 2023-06-30 03041294 core:FurtherSpecificReserve1ComponentTotalEquity 2022-07-01 2023-06-30 03041294 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 03041294 core:RevaluationReserve 2022-07-01 2023-06-30 03041294 core:ShareCapital 2022-07-01 2023-06-30 03041294 2022-06-30 03041294 core:FurtherSpecificReserve1ComponentTotalEquity 2022-06-30 03041294 core:RetainedEarningsAccumulatedLosses 2022-06-30 03041294 core:RevaluationReserve 2022-06-30 03041294 core:ShareCapital 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 03041294

Willowborne Garden Residents Association Limited

Annual Report and Unaudited Financial Statements Year Ended 30 June 2024

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Chartered Accountants

 

Willowborne Garden Residents Association Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Willowborne Garden Residents Association Limited

Company Information

Directors

A D Lowes

Ms J A Cottam

Ms C A Jackson

Company secretary

Mrs S Lowes

Registered office

5 Willowborne Garden
Winfrith Newburgh
Dorchester
Dorset
DT2 8JR

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Willowborne Garden Residents Association Limited

Directors' Report
for the Year Ended 30 June 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

A D Lowes

Ms J A Cottam

Ms C A Jackson

Principal activity

The Company was formed to acquire the freehold interest of Willowborne Garden, Winfrith Newburgh, Dorchester, Dorset which comprises seven cottages and also to maintain the property.

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 15 August 2024 and signed on its behalf by:




Mrs S Lowes
Company secretary

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Willowborne Garden Residents Association Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Willowborne Garden Residents Association Limited for the year ended 30 June 2024 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 Director of Willowborne Garden Residents Association Limited, in accordance with the terms of our engagement letter dated 19 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of Willowborne Garden Residents Association Limited and state those matters that we have agreed to state to the Director of Willowborne Garden Residents Association Limited, 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 Willowborne Garden Residents Association Limited and its Director for our work or for this report.

It is your duty to ensure that Willowborne Garden Residents Association 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 profit of Willowborne Garden Residents Association Limited. You consider that Willowborne Garden Residents Association 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 Willowborne Garden Residents Association 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.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

19 August 2024

 

Willowborne Garden Residents Association Limited

Profit and Loss Account
for the Year Ended 30 June 2024

2024
£

2023
£

Turnover

9,940

8,451

Administrative expenses

(9,269)

(7,355)

Operating profit

671

1,096

Profit before tax

671

1,096

Tax on profit

-

-

Profit for the financial year

671

1,096

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Willowborne Garden Residents Association Limited

(Registration number: 03041294)
Balance Sheet as at 30 June 2024

Note

2024
 

2023
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

10,000

 

10,000

Current assets

   

 

Debtors

5

887

 

756

 

Cash at bank and in hand

 

5,478

 

4,656

 

 

6,365

 

5,412

 

Creditors: Amounts falling due within one year

6

(1,249)

 

(967)

 

Net current assets

   

5,116

 

4,445

Net assets

   

15,116

 

14,445

Capital and reserves

   

 

Called up share capital

7

 

7

 

Maintenance fund

5,109

 

4,438

 

Members' loans

10,000

 

10,000

 

Profit and loss account

-

 

-

 

   

15,116

 

14,445

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

Approved and authorised by the Board on 15 August 2024 and signed on its behalf by:
 

Ms J A Cottam
Director

   
     

 

Willowborne Garden Residents Association Limited

Statement of Changes in Equity
for the Year Ended 30 June 2024

Share capital
£

Maintenance fund
£

Members' fund
£

Profit and loss account
£

Total
£

At 1 July 2023

7

4,438

10,000

-

14,445

Profit for the year

-

-

-

671

671

Transfers

-

671

-

(671)

-

At 30 June 2024

7

5,109

10,000

-

15,116

Share capital
£

Maintenance fund
£

Members' fund
£

Profit and loss account
£

Total
£

At 1 July 2022

7

3,342

10,000

-

13,349

Profit for the year

-

-

-

1,096

1,096

Transfers

-

1,096

-

(1,096)

-

At 30 June 2023

7

4,438

10,000

-

14,445

 

Willowborne Garden Residents Association Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Willowborne Garden
Winfrith Newburgh
Dorchester
Dorset
DT2 8JR
England

2

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.

Revenue recognition

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold reversion of Willowborne Garden

No depreciation is provided in respect of the freehold land as its residual value will be at least equal to its cost

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.

 

Willowborne Garden Residents Association Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

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.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors during the year, was 3 (2023 - 3).

4

Tangible assets

Freehold reversion of Willowborne Garden
£

Total
£

Cost

At 1 July 2023

10,000

10,000

At 30 June 2024

10,000

10,000

Carrying amount

At 30 June 2024

10,000

10,000

At 30 June 2023

10,000

10,000

5

Debtors

Current

2024
£

2023
£

Prepayments

887

756

 

887

756

6

Creditors

2024
£

2023
£

Due within one year

Accruals

549

617

Amounts received in advance from lessees

700

350

1,249

967