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REGISTERED NUMBER: 04354435 (England and Wales)


















HERON WAY MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HERON WAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04354435)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HERON WAY MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C P Bufton Esq
Mrs M E Kirby
Mrs V G Clegg
G Meredith Esq
M P Watkins Esq
A C Clifford Esq
A J Evans Esq
A R Hughes Esq





SECRETARY: M E Ball Esq





REGISTERED OFFICE: Flat 14
Ascot Court
Carmen Sylva Road
LLANDUDNO
Conwy
LL30 1LZ





REGISTERED NUMBER: 04354435 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

HERON WAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04354435)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,000 20,000

CURRENT ASSETS
Debtors 5 20 -
Cash at bank and in hand 14,883 15,873
14,903 15,873
CREDITORS
Amounts falling due within one year 6 558 528
NET CURRENT ASSETS 14,345 15,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,345

35,345

PROVISIONS FOR LIABILITIES 7 14,337 15,337
NET ASSETS 20,008 20,008

CAPITAL AND RESERVES
Called up share capital 8 8 8
Revaluation reserve 20,000 20,000
SHAREHOLDERS' FUNDS 20,008 20,008

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.

HERON WAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04354435)

STATEMENT OF FINANCIAL POSITION - 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 4 July 2024 and were signed on its behalf by:





G Meredith Esq - Director


HERON WAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04354435)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Heron Way Management Company 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.

Revenue recognition
Turnover represents the value of services provided to leaseholders.

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 - not provided

An assessment of the net realisable value of the property based on current revalued amount has been undertaken. On the basis that the property will be well maintained and such repair costs will be charged to the profit and loss account, it is the view of the directors that the net realisable value equates to the revalued amount. Depreciation is charged on freehold property (excluding land) on the revalued amount less the estimated residual value over 50 years. On the basis of the above, no charge is deemed necessary. An impairment review is carried out on an annual basis to assess whether the market value of the property is at least as much as the carrying value in the accounts. Provision is made for any permanent fall in value.

Provision for future maintenance
The company transfers its annual surplus/(deficit) to a sinking fund provision to cover the cost of necessary future repairs as they arise.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment for bad and doubtful debts.

Cash and cash equivalents
The company holds one bank account with NatWest, the monies of which are held on trust, for the benefit of the leaseholders for the time being.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

HERON WAY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04354435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 20,000
At 31 March 2023 20,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accruals 558 528

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions
Sinking fund for future repairs 14,337 15,337

Sinking
fund
£   
Balance at 1 April 2023 15,337
Release for the year (1,000 )
Balance at 31 March 2024 14,337

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8 Ordinary £1 8 8