Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activityfalsefalsefalse2023-01-0122trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05658826 2023-01-01 2023-12-31 05658826 2022-01-01 2022-12-31 05658826 2023-12-31 05658826 2022-12-31 05658826 c:Director2 2023-01-01 2023-12-31 05658826 d:CurrentFinancialInstruments 2023-12-31 05658826 d:CurrentFinancialInstruments 2022-12-31 05658826 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05658826 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05658826 d:RetainedEarningsAccumulatedLosses 2023-12-31 05658826 d:RetainedEarningsAccumulatedLosses 2022-12-31 05658826 c:FRS102 2023-01-01 2023-12-31 05658826 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05658826 c:FullAccounts 2023-01-01 2023-12-31 05658826 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 05658826 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05658826










Woburn House Property Management Company Limited
(A company limited by guarantee)








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
Woburn House Property Management Company Limited
 
(A company limited by guarantee)
 
  
Chartered accountants' report to the board of Directors on the preparation of the unaudited statutory financial statements of Woburn House Property Management Company Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woburn House Property Management Company Limited for the year ended 31 December 2023 which comprise the Balance sheet and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Woburn House Property Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 1 July 2024Our work has been undertaken solely to prepare for your approval the financial statements of Woburn House Property Management Company Limited and state those matters that we have agreed to state to the Board of directors of Woburn House Property Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woburn House Property Management Company Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Woburn House Property Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Woburn House Property Management Company Limited. You consider that Woburn House Property Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Woburn House Property Management Company 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 financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
3 July 2024
Page 1

 
Woburn House Property Management Company Limited
 
(A company limited by guarantee)
Registered number: 05658826

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
753
1,061

  
753
1,061

Creditors: amounts falling due within one year
 4 
(8,468)
(8,402)

Net current liabilities
  
 
 
(7,715)
 
 
(7,341)

Total assets less current liabilities
  
(7,715)
(7,341)

  

Net liabilities
  
(7,715)
(7,341)


Capital and reserves
  

Profit and loss account
  
(7,715)
(7,341)

  
(7,715)
(7,341)


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Osric Powell
Director
Date: 3 July 2024


The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
Woburn House Property Management Company Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The company is a private limited company, incorporated and domiciled in England and Wales. The company's registered office is 16 Bugbrooke Road, Nether Heyford, United Kingdom, NN3 7LT and their principal activity is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Notwithstanding that the company made a loss of £374 (2022: £78) and has net liabilities of £7,715 (2022: £7,341) at the balance sheet date the financial statements have been prepared on a going concern basis. The directors have agreed to continue to provide the funds to support the business in operating for the forseeable future and for a period of at least 12 months from the date of approval of the financial statements. 

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
Woburn House Property Management Company Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the year ended 31 December 2023

4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
7,742
7,742

Accruals and deferred income
726
660

8,468
8,402



5.


Investment property

The company owns the freehold interest in Woburn House properties which are subject to long leases and is considered to have nil value.



6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Every member of the Company undertakes to contribute such amount as may be required, not exceeding £1 to the assets of the Company in the event of the Company being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the Company contracted before he ceases to be a member, and of the costs, charges, and expenses of winding up the Company, and for the adjustment of the rights of the contributions among themselves.


7.


Related party transactions

The company maintains a loan account with the director Osric Powell. At the balance sheet date the company owed the director £7,154 (2022: £7,154), which is included within "Other creditors".


8.


Controlling party

The company is under the control of the Directors Nigel McFarland and Osric Powell.


Page 4