0 0 0 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02426688 2023-04-01 2024-03-31 02426688 2024-03-31 02426688 2023-03-31 02426688 2022-04-01 2023-03-31 02426688 2023-03-31 02426688 2022-03-31 02426688 bus:RegisteredOffice 2023-04-01 2024-03-31 02426688 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 02426688 bus:Director1 2023-04-01 2024-03-31 02426688 bus:Director2 2023-04-01 2024-03-31 02426688 bus:Director3 2023-04-01 2024-03-31 02426688 bus:Director4 2023-04-01 2024-03-31 02426688 bus:Director5 2023-04-01 2024-03-31 02426688 bus:Director6 2023-04-01 2024-03-31 02426688 bus:Director7 2023-04-01 2024-03-31 02426688 bus:Director8 2023-04-01 2024-03-31 02426688 bus:Director9 2023-04-01 2024-03-31 02426688 bus:Director10 2023-04-01 2024-03-31 02426688 bus:CompanySecretary1 2023-04-01 2024-03-31 02426688 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 02426688 core:ShareCapital 2024-03-31 02426688 core:ShareCapital 2023-03-31 02426688 core:SharePremium 2024-03-31 02426688 core:SharePremium 2023-03-31 02426688 core:ShareCapital 2022-03-31 02426688 core:SharePremium 2022-03-31 02426688 core:PreviouslyStatedAmount core:ShareCapital 2024-03-31 02426688 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 02426688 bus:SmallEntities 2023-04-01 2024-03-31 02426688 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02426688 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02426688 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02426688 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 02426688
Wray Mill Park Management Company Limited
Unaudited filleted financial statements
31 March 2024
Wray Mill Park Management Company Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Wray Mill Park Management Company Limited
Directors and other information
Directors J G Marsh (Resigned 21 December 2023)
G C Montali (Resigned 2 October 2023)
T R Worsley
D Selwood
G Dodds
S Booker
A Worsley (Appointed 21 December 2023)
A Goldsworthy (Appointed 21 December 2023)
G Dunbar
J E A White
Secretary Southside Property Management Services Ltd
Company number 02426688
Registered office 29/31 Leith Hill
Orpington
Kent
BR5 2RS
Accountants Rust Group LP
Kings Barn
Thame Road
Warborough
Oxfordshire
OX10 8DA
Wray Mill Park Management Company Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 33,500 33,500
_______ _______
33,500 33,500
Current assets
Debtors 5 1,460 1,460
_______ _______
1,460 1,460
Net current assets 1,460 1,460
_______ _______
Total assets less current liabilities 34,960 34,960
_______ _______
Net assets 34,960 34,960
_______ _______
Capital and reserves
Called up share capital 760 760
Share premium account 34,200 34,200
_______ _______
Shareholders funds 34,960 34,960
_______ _______
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 August 2024 , and are signed on behalf of the board by:
S Booker
Director
Company registration number: 02426688
Wray Mill Park Management Company Limited
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Share premium account Total
£ £ £
At 1 April 2022 760 34,200 34,960
Profit for the year -
_______ _______ _______
Total comprehensive income for the year - - -
_______ _______ _______
At 31 March 2023 and 1 April 2023 760 34,200 34,960
Profit for the year -
_______ _______ _______
Total comprehensive income for the year - - -
_______ _______ _______
At 31 March 2024 760 34,200 34,960
_______ _______ _______
Wray Mill Park Management Company Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 29/31 Leith Hill, Orpington, Kent, BR5 2RS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 April 2023 and 31 March 2024 33,500 33,500
_______ _______
Depreciation
At 1 April 2023 and 31 March 2024 - -
_______ _______
Carrying amount
At 31 March 2024 33,500 33,500
_______ _______
At 31 March 2023 33,500 33,500
_______ _______
5. Debtors
2024 2023
£ £
Other debtors 1,460 1,460
_______ _______
The Company has not traded during the year and its sole purpose is to act as the freeholder of the Wray Mill Park Estate. On that basis, the sum of £1,460 held in the service charge bank account is an unidentified balance brought forward since 2009 and the board has resolved to maintain that balance as is.
6. Contingent liabilities
The Company has received notice of a claim for third party damage for which no provision has been made in these Accounts on the bases that (i) the claim is not proven; (ii) if proven, the claim would be charged to the leaseholders under the terms of their leases; and (iii) the Company believes that the claim is made under an insured category.