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Registration number: 1320627

White Lodge (Management Company) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

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White Lodge (Management Company) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

White Lodge (Management Company) Limited

Company Information

Directors

Mr A Cutler

Mrs R Vanstone

Mr M K Isles

Company secretary

Mr S I Jarrett

Registered office

Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

Accountants

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
White Lodge (Management Company) Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of White Lodge (Management Company) Limited for the year ended 30 June 2024 as set out on pages 3 to 6 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 White Lodge (Management Company) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of White Lodge (Management Company) Limited and state those matters that we have agreed to state to the Board of Directors of White Lodge (Management Company) 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 White Lodge (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 White Lodge (Management Company) 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 results of White Lodge (Management Company) Limited. You consider that White Lodge (Management Company) 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 White Lodge (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 accounts.

......................................

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

10 September 2024

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White Lodge (Management Company) Limited

(Registration number: 1320627)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

666

666

Current assets

 

Debtors

5

80

80

Net assets

 

746

746

Capital and reserves

 

Called up share capital

6

80

80

Other reserves

666

666

Shareholders' funds

 

746

746

For the financial year ending 30 June 2024 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr M K Isles
Director

 

White Lodge (Management Company) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

The principal place of business is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

These financial statements were authorised for issue by the Board on 9 September 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

Nil

 

White Lodge (Management Company) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Bank, Cash and Other Assets

A statutory trust is placed over service charge monies received under section 42 of the Landlord and Tenant Act. The closing balance of cash and other assets held on trust by the residents' management company are £27,299:
£7,011 Harrison Lavers & Potburys Ltd Re White Lodge (Management Co) Ltd Clients Account Barclays Premium Account 03676579 (interest bearing)
£20,288 Harrison-Lavers & Potburys Ltd Re White Lodge Management Co Ltd Clients Account HSBC Account 01540491 (interest bearing)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

666

666

At 30 June 2024

666

666

Depreciation

Carrying amount

At 30 June 2024

666

666

At 30 June 2023

666

666

Included within the net book value of land and buildings above is £666 (2023 - £666) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Other debtors

80

80

 

80

80

6

Share capital

Allotted, called up and fully paid shares

 

White Lodge (Management Company) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024

2023

No.

£

No.

£

Ordinary of £10 each

8

80

8

80