WARDS PROPERTY MANAGEMENT LTD

Company Registration Number:
06861969 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

WARDS PROPERTY MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

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

WARDS PROPERTY MANAGEMENT LTD

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal activities of the company

HOUSING LETTING AGENTS



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

JUSTIN WARD


The director shown below has held office during the period of
28 March 2023 to 29 February 2024

JACK WARD


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
26 October 2024

And signed on behalf of the board by:
Name: JUSTIN WARD
Status: Director

WARDS PROPERTY MANAGEMENT LTD

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 432,182 390,376
Cost of sales: ( 203,307 ) ( 155,014 )
Gross profit(or loss): 228,875 235,362
Administrative expenses: ( 220,736 ) ( 227,530 )
Operating profit(or loss): 8,139 7,832
Interest receivable and similar income: 671
Profit(or loss) before tax: 8,810 7,832
Tax: ( 508 ) ( 509 )
Profit(or loss) for the financial year: 8,302 7,323

WARDS PROPERTY MANAGEMENT LTD

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 51,227 44,040
Total fixed assets: 51,227 44,040
Current assets
Debtors: 4 78,248 62,319
Cash at bank and in hand: 76,359 88,971
Total current assets: 154,607 151,290
Creditors: amounts falling due within one year: 5 ( 44,318 ) ( 53,012 )
Net current assets (liabilities): 110,289 98,278
Total assets less current liabilities: 161,516 142,318
Creditors: amounts falling due after more than one year: 6 ( 23,685 ) ( 12,789 )
Total net assets (liabilities): 137,831 129,529
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 137,821 129,519
Total Shareholders' funds: 137,831 129,529

The notes form part of these financial statements

WARDS PROPERTY MANAGEMENT LTD

Balance sheet statements

For the year ending 29 February 2024 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 26 October 2024
and signed on behalf of the board by:

Name: JUSTIN WARD
Status: Director

The notes form part of these financial statements

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    FIXTURES & FITTINGS 10% REDUCING BALANCE EQUIPMENT 25% REDUCING BALANCE MOTOR VEHICLES 25% REDUCING BALANCE

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 8

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 34,940 9,100 0 44,040
Additions 21,960 7,187 29,147
Disposals
Revaluations
Transfers
At 29 February 2024 56,900 9,100 7,187 73,187
Depreciation
At 1 March 2023 0 0 0 0
Charge for year 15,600 4,563 1,797 21,960
On disposals
Other adjustments
At 29 February 2024 15,600 4,563 1,797 21,960
Net book value
At 29 February 2024 41,300 4,537 5,390 51,227
At 28 February 2023 34,940 9,100 0 44,040

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 78,248 62,319
Total 78,248 62,319

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 24,955 31,041
Taxation and social security 19,363 21,971
Total 44,318 53,012

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 23,685 12,789
Total 23,685 12,789