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Registration number: 05055358

Warren Farm Property Management Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Warren Farm Property Management Company Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 7

 

Warren Farm Property Management Company Limited

Company Information

Directors

L Robshaw

S J M Clark

C Dennington

A P M Foster

M G Dalton

Company secretary

N S Robinson

Registered office

5 Warren Farm Cottages
Waplington
York
YO42 4RT

Accountants

DAH Accountancy Services Limited
Chartered Management Accountants
Cedar Lodge
York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PH

 

Warren Farm Property Management Company Limited

Directors' Report for the Year Ended 31 January 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors of the company

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

L Robshaw

S J M Clark

C Dennington

A P M Foster

M G Dalton (appointed 11 December 2023)

Principal activity

The principal activity of the company is that of property management.

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 and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................
N S Robinson
Company secretary

 

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Warren Farm Property Management Company Limited
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Warren Farm Property Management Company Limited for the year ended 31 January 2024 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com/professional-ethics.

This report is made solely to the Board of Directors of Warren Farm Property Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 22 December 2020. Our work has been undertaken solely to prepare for your approval the accounts of Warren Farm Property Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Warren Farm Property Management Company Limited, as a body, in this report in accordance with the guidance of CIMA. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Warren Farm Property 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 Warren Farm Property 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 Warren Farm Property Management Company Limited. You consider that Warren Farm Property 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 Warren Farm Property 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.

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

DAH Accountancy Services Limited
Chartered Management Accountants
Cedar Lodge
York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PH

23 October 2024

 

Warren Farm Property Management Company Limited

Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Turnover

 

3,221

2,345

Gross surplus

 

3,221

2,345

Administrative expenses

 

(3,221)

(2,345)

Operating surplus/(deficit)

 

-

-

Surplus/(deficit) before tax

-

-

Surplus/(deficit) for the financial year

 

-

-

The above results were derived from continuing operations.

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

 

Warren Farm Property Management Company Limited

(Registration number: 05055358)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

1,293

464

Creditors: Amounts falling due within one year

4

(1,293)

(464)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

For the financial year ending 31 January 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.

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................
L Robshaw
Director

 

Warren Farm Property Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a company limited by guarantee, incorporated in England, 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.

The address of its registered office is:
5 Warren Farm Cottages
Waplington
York
YO42 4RT
United Kingdom

These financial statements were authorised for issue by the Board on 23 October 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.

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

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.

 

Warren Farm Property Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 5).

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,293

464


Other creditors include £1,293 (2023 - £464) in respect of the cumulative excess of service charge income over expenditure incurred.