REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Westhill Estate (Leeds) Management |
Company Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Westhill Estate (Leeds) Management |
Company Limited |
Westhill Estate (Leeds) Management |
Company Limited (Registered number: 01656277) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Westhill Estate (Leeds) Management |
Company Limited (Registered number: 01656277) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
RESERVES |
Revaluation reserve | 8 |
Income and expenditure account | 8 |
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 surplus or deficit 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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Westhill Estate (Leeds) Management |
Company Limited (Registered number: 01656277) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Westhill Estate (Leeds) Management Company Limited is a private company, limited by guarantee, registered in England. Its registered office address is 2A Hodgson Crescent, Leeds, LS17 8PG and its registered number is 01656277. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents service charges from flat owners,garage rents, flat rents and car park rents receivable in the year. |
Investment property |
Investment property is shown at its most recent valuation. |
Taxation |
The company pays corporation tax at current rates on rents received less any related expenses, and bank interest received. |
Deferred tax |
Deferred tax has been provided at current tax rates based on the projected gain on sale of the investment property. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Investment property is a leasehold flat valued at £105,000. The directors have reviewed the carrying value of the flat at March 2024 and consider this to be an accurate reflection of its fair value. |
Cost or valuation at 31 March 2024 is represented by: |
£ |
Valuation in 2008 | 76,940 |
Cost | 28,060 |
105,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Service charge owing |
Garage & car park rent arrears | 2,190 | 1,735 |
Other debtors |
Prepaid expenses |
Westhill Estate (Leeds) Management |
Company Limited (Registered number: 01656277) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Service charge in advance |
Tax |
Garage deposits |
Accrued expenses |
7. | PROVISIONS FOR LIABILITIES |
31.3.24 | 31.3.23 |
£ | £ |
Deferred tax | 16,111 | 16,111 |
Deferred |
tax |
£ |
Balance at 1 April 2023 |
Balance at 31 March 2024 |
8. | RESERVES |
Income |
and |
expenditure | Revaluation |
account | reserve | Totals |
£ | £ | £ |
At 1 April 2023 | 154,070 |
Deficit for the year | ( |
) | ( |
) |
At 31 March 2024 | 112,712 |
9. | COMPANY STATUS |
The company is limited by guarantee and does not have a share capital. In the event of the company being wound up, each of the 79 members has undertaken to contribute to the assets of the company such amount as may be required but not exceeding £100 per member. |