REGISTERED NUMBER: |
WAINWRIGHT COURT MANAGEMENT COMPANY |
LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
REGISTERED NUMBER: |
WAINWRIGHT COURT MANAGEMENT COMPANY |
LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
WAINWRIGHT COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 03296857) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WAINWRIGHT COURT MANAGEMENT COMPANY |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
424 Margate Road |
Westwood |
Ramsgate |
Kent |
CT12 6SJ |
WAINWRIGHT COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 03296857) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Block Sinking Fund | 7 |
Lessee's funds | 7 | ( |
) |
Reserve fund | 7 |
Estate Sinking Fund | 7 |
Retained earnings | 7 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
WAINWRIGHT COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 03296857) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Wainwright Court Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The company's turnover represents the value of service charges charged to flat owners during the year. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Funds held by managing agents |
Service charges in arrears |
5. | CASH AT BANK |
2023 | 2022 |
£ | £ |
Discrete account | 39,000 | 43,457 |
Business account | 2,586 | 613 |
All cash at bank is monies held in trust in ring-fenced bank accounts on behalf of the freeholders, lessees and tenants as per the requirements of Section 42 of the Landlord and Tenants Act 1987. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accruals and deferred income |
WAINWRIGHT COURT MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 03296857) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
7. | RESERVES |
Block |
Retained | Sinking | Lessee's |
earnings | Fund | funds |
£ | £ | £ |
At 1 January 2023 | ( |
) |
Profit for the year |
Surplus in the year |
Transfer | (794 | ) | 43,283 | 2,585 |
Expenditure in the year | - | (3,100 | ) | - |
At 31 December 2023 |
Estate |
Reserve | Sinking |
fund | Fund | Totals |
£ | £ | £ |
At 1 January 2023 | 46,283 |
Profit for the year |
Surplus in the year |
Transfer | (48,074 | ) | 3,000 | - |
Expenditure in the year | - | - | (3,100 | ) |
Cont. from service charge | - | 1,500 | 1,500 |
At 31 December 2023 | 47,152 |
8. | RELATED PARTY DISCLOSURES |
Each member of the company, including the five directors, owns a flat or other property in Wainwright Court and contributes proportionately to the company as consideration for communal services. |