THE TERRACE (WOODFORD GREEN) LIMITED

Company limited by guarantee

Company Registration Number:
05644548 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

THE TERRACE (WOODFORD GREEN) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THE TERRACE (WOODFORD GREEN) LIMITED

Directors' report period ended 31 December 2023

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

Principal activities of the company

The principal activity of the company is to represent the members of the company, in the maintenance and associated costs with the wholly owned shared right of way.

Additional information

Changes in Accountant With the onset of significantly increased accounting costs from external accountants (doubling since 2019), it was decided that an experienced member and Director should prepare the company’s accounts from the year ended 31st December 2023. It was agreed that Director, Barry Laden MBE, a Treasurer of several City of London organisations and a part-qualified accountant, would take over responsibility for producing accounts on behalf of the company in exchange for zero compensation. It was further agreed Mr Laden would present draft accounts to the Board and at the Annual General Meeting for approval by the members.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Gerald Pettit
Barry Laden
Clare Naismith
Deirdre Cumberbatch


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 October 2024

And signed on behalf of the board by:
Name: Gerald Pettit
Status: Director

THE TERRACE (WOODFORD GREEN) LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 3,365 3,247
Gross profit(or loss): 3,365 3,247
Administrative expenses: ( 645 ) ( 1,888 )
Operating profit(or loss): 2,720 1,359
Profit(or loss) before tax: 2,720 1,359
Tax: 0 0
Profit(or loss) for the financial year: 2,720 1,359

THE TERRACE (WOODFORD GREEN) LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 10,919 10,919
Total fixed assets: 10,919 10,919
Current assets
Debtors: 4 2,123 566
Cash at bank and in hand: 10,541 10,910
Total current assets: 12,664 11,476
Creditors: amounts falling due within one year: 5 ( 363 ) ( 1,895 )
Net current assets (liabilities): 12,301 9,581
Total assets less current liabilities: 23,220 20,500
Total net assets (liabilities): 23,220 20,500
Members' funds
Profit and loss account: 23,220 20,500
Total members' funds: 23,220 20,500

The notes form part of these financial statements

THE TERRACE (WOODFORD GREEN) LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 October 2024
and signed on behalf of the board by:

Name: Gerald Pettit
Status: Director

The notes form part of these financial statements

THE TERRACE (WOODFORD GREEN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold Land and Buildings - No Depreciation

THE TERRACE (WOODFORD GREEN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

THE TERRACE (WOODFORD GREEN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 10,919 10,919
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 10,919 10,919
Depreciation
At 1 January 2023
Charge for year
On disposals
Other adjustments
At 31 December 2023
Net book value
At 31 December 2023 10,919 10,919
At 31 December 2022 10,919 10,919

THE TERRACE (WOODFORD GREEN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,123 371
Other debtors 0 195
Total 2,123 566

THE TERRACE (WOODFORD GREEN) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 363 413
Other creditors 0 1,482
Total 363 1,895