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REGISTERED NUMBER: 04423856 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

WITHAM LODGE MANAGEMENT COMPANY LIMITED

WITHAM LODGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04423856)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


WITHAM LODGE MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: Dr S K Thomason
D P Vaughan





SECRETARY: P W Bigge





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04423856 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

WITHAM LODGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04423856)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

Dr S K Thomason
D P Vaughan

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

ON BEHALF OF THE BOARD:





Dr S K Thomason - Director


25th September 2024

WITHAM LODGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04423856)

INCOME STATEMENT
for the Year Ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

INCOME 19,919 18,692

Service charge expenditure 18,326 17,524
OPERATING PROFIT 1,593 1,168

Interest receivable and similar income 114 5
PROFIT BEFORE TAXATION 1,707 1,173

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL YEAR 1,707 1,173

WITHAM LODGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04423856)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 5 15,097 12,412

CREDITORS
Amounts falling due within one year 6 15,086 12,401
NET CURRENT ASSETS 11 11
TOTAL ASSETS LESS CURRENT
LIABILITIES

11

11

CAPITAL AND RESERVES
Called up share capital 7 11 11
SHAREHOLDERS' FUNDS 11 11

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2024 and were signed on its behalf by:





Dr S K Thomason - Director


WITHAM LODGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04423856)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Witham Lodge 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.

Income
During the year the company received monies from lessees, as agents, in respect of service charges and associated income, which are held on trust and do not constitute turnover.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

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

31/12/23 31/12/22
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31st December 2023 nor for the year ended 31st December 2022.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Lessees Arrears 1,811 361
Other Debtors 131 108
Bank balances held by managing agent 8,266 7,894
Recoverable Service Charge Deficit - 674
Prepayments 4,889 3,375
15,097 12,412

WITHAM LODGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04423856)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 1,932 1,352
Service Charge Surplus 1,033 -
Reserve Fund 11,089 10,089
Accrued expenses 1,032 960
15,086 12,401

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
11 Ordinary £1 11 11

8. RESERVES
Retained
earnings
£   

Profit for the year 1,707
Transfer to Service Charge Account (1,707 )
At 31st December 2023 -

9. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some of who are directors of the company. Service charges payable by the directors are on the same basis as for all the other residents. No other transactions with related parties were undertaken such as are required to be disclosed under the FRS 102.