IRIS Accounts Production v24.2.0.383 04445612 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044456122022-12-31044456122023-12-31044456122023-01-012023-12-31044456122021-12-31044456122022-01-012022-12-31044456122022-12-3104445612ns15:EnglandWales2023-01-012023-12-3104445612ns14:PoundSterling2023-01-012023-12-3104445612ns10:Director12023-01-012023-12-3104445612ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104445612ns10:SmallEntities2023-01-012023-12-3104445612ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104445612ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104445612ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104445612ns10:FullAccounts2023-01-012023-12-3104445612ns10:Director22023-01-012023-12-3104445612ns10:Director32023-01-012023-12-3104445612ns10:RegisteredOffice2023-01-012023-12-3104445612ns5:CurrentFinancialInstruments2023-12-3104445612ns5:CurrentFinancialInstruments2022-12-3104445612ns5:ShareCapital2023-12-3104445612ns5:ShareCapital2022-12-3104445612ns5:RetainedEarningsAccumulatedLosses2023-12-3104445612ns5:RetainedEarningsAccumulatedLosses2022-12-3104445612ns5:LandBuildings2023-01-012023-12-3104445612ns5:LandBuildings2022-12-3104445612ns5:LandBuildings2023-12-3104445612ns5:LandBuildings2022-12-3104445612ns5:RetainedEarningsAccumulatedLosses2022-12-3104445612ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 04445612 (England and Wales)















16 WESTMARSH DRIVE (MANAGEMENT COMPANY)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






16 WESTMARSH DRIVE (MANAGEMENT COMPANY)
LIMITED (REGISTERED NUMBER: 04445612)






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


16 WESTMARSH DRIVE (MANAGEMENT COMPANY)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J M Stephens
Mr J L McCarthy
Mrs S R Booty





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 04445612 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

16 WESTMARSH DRIVE (MANAGEMENT COMPANY)
LIMITED (REGISTERED NUMBER: 04445612)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,147 5,318

CURRENT ASSETS
Debtors 5 7,861 4,159
Cash at bank 27,463 6,463
35,324 10,622
CREDITORS
Amounts falling due within one year 6 (1,509 ) (734 )
NET CURRENT ASSETS 33,815 9,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,962

15,206

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 7 38,953 15,197
38,962 15,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 18 September 2024 and were signed on its behalf by:





Mrs J M Stephens - Director


16 WESTMARSH DRIVE (MANAGEMENT COMPANY)
LIMITED (REGISTERED NUMBER: 04445612)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

16 Westmarsh Drive (Management Company) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Taxation
As the company's business consists of the management, on a non-profit making basis, of a block of apartments for the owners, lessees or tenants, the company is not liable to pay corporation tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023
and 31 December 2023 8,571
DEPRECIATION
At 1 January 2023 3,253
Charge for year 171
At 31 December 2023 3,424
NET BOOK VALUE
At 31 December 2023 5,147
At 31 December 2022 5,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amount held by managing agents 7,861 4,159

16 WESTMARSH DRIVE (MANAGEMENT COMPANY)
LIMITED (REGISTERED NUMBER: 04445612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Service charges in advance 1,509 734

7. RESERVES
Retained
earnings
£   

At 1 January 2023 15,197
Profit for the year -
Reserve fund not spent in year 1,000
Surplus/(deficit) in the year 2,756
Lease extension receipts 20,000
At 31 December 2023 38,953

8. CASH AT BANK & MONIES HELD BY MANAGING AGENTS

Cash at bank and monies held by managing agents represent service charge monies paid by lessees and held in trust in a designated bank account, per Section 42 of The Landlord and Tenant Act 1987.