Registered number
01088177
Woodhaven Garden Management Association Limited
Filleted Accounts
31 December 2023
Woodhaven Garden Management Association Limited
Registered number: 01088177
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 6,686 6,686
Current assets
Debtors 3 8,446 9,120
Cash at bank and in hand 25,885 22,627
34,331 31,747
Creditors: amounts falling due within one year 4 (772) (794)
Net current assets 33,559 30,953
Total assets less current liabilities 40,245 37,639
Creditors: amounts falling due after more than one year 5 (6,750) (6,750)
Net assets 33,495 30,889
Capital and reserves
Called up share capital 27 27
Profit and loss account 7 33,468 30,862
Shareholders' funds 33,495 30,889
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs D M Warner Mr A S Boreham
Director Director
Approved by the board on 21 August 2024
Woodhaven Garden Management Association Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents service charges receivable.
Depreciation
No depreciation is provided on the freehold Land and Buldings.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
1 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
2 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 6,686
At 31 December 2023 6,686
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 6,686
At 31 December 2022 6,686
3 Debtors 2023 2022
£ £
Other debtors (Including Lint Group) 8,446 9,120
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 63 10
Other creditors 709 784
772 794
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 6,750 6,750
6 Off-balance sheet arrangements
7 Profit and loss 2023 2022
£ £
At 1 January 2021 30,862 39,901
Loss for the year 2,606 (2,191)
At 31 December 2022 33,468 37,710
8 Other information
Woodhaven Garden Management Association Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Woodhaven Gardens
Barkingside
Ilford
Essex
IG6 1JP
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