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Registered number: 02439064
Englemere Wood Management Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Accounting Partnership Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02439064
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,099 20,642
20,099 20,642
CURRENT ASSETS
Debtors 5 150 150
Cash at bank and in hand 53,864 46,316
54,014 46,466
Creditors: Amounts Falling Due Within One Year 6 (33,178 ) (27,088 )
NET CURRENT ASSETS (LIABILITIES) 20,836 19,378
TOTAL ASSETS LESS CURRENT LIABILITIES 40,935 40,020
NET ASSETS 40,935 40,020
CAPITAL AND RESERVES
Called up share capital 7 5 5
Other reserves 35,000 35,000
Profit and Loss Account 5,930 5,015
SHAREHOLDERS' FUNDS 40,935 40,020
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For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Bailey
Director
21/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Englemere Wood Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02439064 . The registered office is 1 Englemere Wood, London Road, Ascot, Berkshire, SL5 8DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Fixtures & Fittings 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2023 40,283 1,153 41,436
As at 31 March 2024 40,283 1,153 41,436
Depreciation
As at 1 April 2023 19,641 1,153 20,794
Provided during the period 543 - 543
As at 31 March 2024 20,184 1,153 21,337
Net Book Value
As at 31 March 2024 20,099 - 20,099
As at 1 April 2023 20,642 - 20,642
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 150 150
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,814 1,203
Corporation tax 344 -
Maintenance reserves 25,434 25,299
Directors' loan accounts 586 586
33,178 27,088
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
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