Waverley Court Management Company (Weymouth) Limited 01144316 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is The principal activity of the company continued to be that of the provision of property management services. The company owns the freehold reversion of Waverley Court, Waverley Road, Weymouth, Dorset subject to 999 year leases on the 15 leasehold properties. Digita Accounts Production Advanced 6.30.9574.0 true 01144316 2023-01-01 2023-12-31 01144316 2023-12-31 01144316 bus:CompanySecretaryDirector2 2023-12-31 01144316 bus:Director2 2023-12-31 01144316 bus:Director6 2023-12-31 01144316 core:RetainedEarningsAccumulatedLosses 2023-12-31 01144316 core:RevaluationReserve 2023-12-31 01144316 core:CurrentFinancialInstruments 2023-12-31 01144316 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01144316 bus:SmallEntities 2023-01-01 2023-12-31 01144316 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01144316 bus:FullAccounts 2023-01-01 2023-12-31 01144316 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01144316 bus:RegisteredOffice 2023-01-01 2023-12-31 01144316 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 01144316 bus:CompanySecretaryDirector2 2023-01-01 2023-12-31 01144316 bus:Director2 2023-01-01 2023-12-31 01144316 bus:Director6 2023-01-01 2023-12-31 01144316 bus:Director7 2023-01-01 2023-12-31 01144316 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01144316 bus:Agent1 2023-01-01 2023-12-31 01144316 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01144316 core:RevaluationReserve 2023-01-01 2023-12-31 01144316 countries:EnglandWales 2023-01-01 2023-12-31 01144316 2022-12-31 01144316 core:RetainedEarningsAccumulatedLosses 2022-12-31 01144316 core:RevaluationReserve 2022-12-31 01144316 2022-01-01 2022-12-31 01144316 2022-12-31 01144316 core:CurrentFinancialInstruments 2022-12-31 01144316 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01144316 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01144316 core:RevaluationReserve 2022-01-01 2022-12-31 01144316 2021-12-31 01144316 core:RetainedEarningsAccumulatedLosses 2021-12-31 01144316 core:RevaluationReserve 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 01144316

Waverley Court Management Company (Weymouth) Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

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Chartered Accountants

 

Waverley Court Management Company (Weymouth) Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Waverley Court Management Company (Weymouth) Limited

Company Information

Directors

A B McAuslane

T R Winter

Company secretary

A B McAuslane

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards and Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Waverley Court Management Company (Weymouth) Limited

Directors' Report
for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

A B McAuslane - Company secretary and director

Mrs A S Tobin (ceased 24 February 2023)

Mrs J A Edwards - Company secretary and director (ceased 27 January 2023)

A J Edwards (ceased 27 January 2023)

T R Winter

Principal activity

The principal activity of the company continued to be that of the provision of property management services.

The company owns the freehold reversion of Waverley Court, Waverley Road, Weymouth, Dorset subject to 999 year leases on the 15 leasehold properties.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 20 September 2024 and signed on its behalf by:


A B McAuslane
Company secretary and director

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Waverley Court Management Company (Weymouth) Limitedfor 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 accounts of Waverley Court Management Company (Weymouth) Limited for the year ended 31 December 2023 as set out on pages 4 to 8 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Waverley Court Management Company (Weymouth) Limited, as a body, in accordance with the terms of our engagement letter dated 20 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of Waverley Court Management Company (Weymouth) Limited and state those matters that we have agreed to state to the Board of Directors of Waverley Court Management Company (Weymouth) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waverley Court Management Company (Weymouth) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Waverley Court Management Company (Weymouth) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waverley Court Management Company (Weymouth) Limited. You consider that Waverley Court Management Company (Weymouth) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Waverley Court Management Company (Weymouth) 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 accounts.






Edwards and Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

23 September 2024

 

Waverley Court Management Company (Weymouth) Limited

Profit and Loss Account
for the Year Ended 31 December 2023

2023
£

2022
£

Turnover

 

20,385

39,421

Gross surplus

 

20,385

39,421

Administrative expenses

 

(16,493)

(49,325)

Operating surplus/(deficit)

 

3,892

(9,904)

Other interest receivable and similar income

 

73

6

Surplus/(deficit) before tax

3,965

(9,898)

Surplus/(deficit) for the financial year

 

3,965

(9,898)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Waverley Court Management Company (Weymouth) Limited

(Registration number: 01144316)
Balance Sheet as at 31 December 2023

Note

2023

2022

   

£

£

£

£

Current assets

   

 

Debtors

5

 

2,833

 

4,259

Cash at bank and in hand

   

9,369

 

3,881

   

12,202

 

8,140

Creditors: Amounts falling due within one year

6

 

(610)

 

(513)

Net assets

   

11,592

 

7,627

Reserves

   

 

Depreciation fund

11,592

 

7,627

 

Profit and loss account

-

 

-

 

   

11,592

 

7,627

For the financial year ending 31 December 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 September 2024 and signed on its behalf by:
 

A B McAuslane
Company secretary and director

   
     
 

Waverley Court Management Company (Weymouth) Limited

Statement of Changes in Equity
for the Year Ended 31 December 2023

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 January 2023

7,627

-

7,627

Surplus for the year

-

3,965

3,965

Transfers

3,965

(3,965)

-

At 31 December 2023

11,592

-

11,592

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 January 2022

17,525

-

17,525

Deficit for the year

-

(9,898)

(9,898)

Transfers

(9,898)

9,898

-

At 31 December 2022

7,627

-

7,627

 

Waverley Court Management Company (Weymouth) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee incorporated in England and Wales.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

On the basis of these financial statements no provision has been made for corporation tax.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

 

Waverley Court Management Company (Weymouth) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

3

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

4

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year, was 2 (2022 - 5).

5

Debtors

Current

2023
£

2022
£

Prepayments

2,833

3,497

Other debtors

-

762

 

2,833

4,259

6

Creditors

2023
£

2022
£

Due within one year

Other creditors

13

13

Accruals

597

500

610

513