White Willow Close (Block G) Limited 5475667 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Residential Property Management Digita Accounts Production Advanced 6.30.9574.0 true true 5475667 2023-07-01 2024-06-30 5475667 2024-06-30 5475667 core:RetainedEarningsAccumulatedLosses 2024-06-30 5475667 core:ShareCapital 2024-06-30 5475667 core:CurrentFinancialInstruments 2024-06-30 5475667 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 5475667 core:LandBuildings 2024-06-30 5475667 bus:SmallEntities 2023-07-01 2024-06-30 5475667 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 5475667 bus:FilletedAccounts 2023-07-01 2024-06-30 5475667 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 5475667 bus:RegisteredOffice 2023-07-01 2024-06-30 5475667 bus:CompanySecretary1 2023-07-01 2024-06-30 5475667 bus:Director2 2023-07-01 2024-06-30 5475667 bus:Director3 2023-07-01 2024-06-30 5475667 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 5475667 bus:Agent1 2023-07-01 2024-06-30 5475667 core:LandBuildings 2023-07-01 2024-06-30 5475667 countries:EnglandWales 2023-07-01 2024-06-30 5475667 2023-06-30 5475667 core:LandBuildings 2023-06-30 5475667 2022-07-01 2023-06-30 5475667 2023-06-30 5475667 core:RetainedEarningsAccumulatedLosses 2023-06-30 5475667 core:ShareCapital 2023-06-30 5475667 core:CurrentFinancialInstruments 2023-06-30 5475667 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 5475667 core:LandBuildings 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 5475667

White Willow Close (Block G) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

White Willow Close (Block G) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

White Willow Close (Block G) Limited

Company Information

Directors

Dorothy Marie Blandford

Andrew Ryder McGill

Company secretary

DMG Property Management Limited

Registered office

Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ

Bankers

NatWest Maidstone
3 High Street
Maidstone
Kent
ME14 1HJ

Accountants

Manningtons
Victoria House The Moor
Hawkhurst
Kent
TN18 4NR

 

White Willow Close (Block G) Limited

(Registration number: 5475667)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

29,133

29,133

Current assets

 

Debtors

5

1,394

1,910

Creditors: Amounts falling due within one year

6

(20,480)

(20,904)

Net current liabilities

 

(19,086)

(18,994)

Net assets

 

10,047

10,139

Capital and reserves

 

Called up share capital

5

5

Retained earnings

10,042

10,134

Shareholders' funds

 

10,047

10,139

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 31 October 2024 and signed on its behalf by:
 

.........................................
Dorothy Marie Blandford
Director

 

White Willow Close (Block G) 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:
Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ
England

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

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

Revenue recognition

Ground rents 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. Ground rents 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.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

White Willow Close (Block G) Limited

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

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

Freehold Property

None

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.

Ground rent arrears

Ground rent arrears are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Ground rent arrears are recognised at the transaction price, less provision for impairment. A provision for the impairment of ground rent arrears is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Ground rents paid in advance

Ground rents paid in advance 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.

Ground rents paid in advance are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

White Willow Close (Block G) Limited

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

29,133

29,133

At 30 June 2024

29,133

29,133

Depreciation

Carrying amount

At 30 June 2024

29,133

29,133

At 30 June 2023

29,133

29,133

Included within the net book value of land and buildings above is £29,133 (2023 - £29,133) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Ground rent arrears

350

350

Other debtors

1,044

1,560

1,394

1,910

Other debtors includes a sum of £1,044 (2023 - £1,560) held in the name of the company in a client account of the appointed agent for the leaseholders.

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

20,480

20,904