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REGISTERED NUMBER: 02589026 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Waytrend Property Management Limited

Waytrend Property Management Limited (Registered number: 02589026)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waytrend Property Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Angeli
Miss G L Clappison





SECRETARY: Jennings & Barrett





REGISTERED OFFICE: Unit 2
Vogans Mill Wharf
Mill Street
London
SE1 2BZ





REGISTERED NUMBER: 02589026 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Waytrend Property Management Limited (Registered number: 02589026)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,588 5,005

CURRENT ASSETS
Debtors 5 20,293 19,178
Cash at bank 33,554 29,937
53,847 49,115
CREDITORS
Amounts falling due within one year 6 22,213 20,456
NET CURRENT ASSETS 31,634 28,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,222

33,664

CAPITAL AND RESERVES
Called up share capital 44 44
Share premium 16,478 16,478
Retained earnings 19,700 17,142
SHAREHOLDERS' FUNDS 36,222 33,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Waytrend Property Management Limited (Registered number: 02589026)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2024 and were signed on its behalf by:




Miss G L Clappison - Director



M Angeli - Director


Waytrend Property Management Limited (Registered number: 02589026)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Waytrend Property Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 40 years

Taxation
The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only.

Residential management transactions
A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 16,681
DEPRECIATION
At 1 April 2023 11,676
Charge for year 417
At 31 March 2024 12,093
NET BOOK VALUE
At 31 March 2024 4,588
At 31 March 2023 5,005

Waytrend Property Management Limited (Registered number: 02589026)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Service charges due 17,883 17,005
Prepayments 2,410 2,173
20,293 19,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 275 275
Deferred income 21,179 19,800
Accrued expenses 759 381
22,213 20,456