Waterside Sale Management Company No 1 Limited 04613584 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property management. Digita Accounts Production Advanced 6.30.9574.0 true 04613584 2023-01-01 2023-12-31 04613584 2023-12-31 04613584 core:OtherReservesSubtotal 2023-12-31 04613584 core:RetainedEarningsAccumulatedLosses 2023-12-31 04613584 core:ShareCapital 2023-12-31 04613584 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04613584 bus:SmallEntities 2023-01-01 2023-12-31 04613584 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04613584 bus:FullAccounts 2023-01-01 2023-12-31 04613584 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04613584 bus:RegisteredOffice 2023-01-01 2023-12-31 04613584 bus:Director1 2023-01-01 2023-12-31 04613584 bus:Director2 2023-01-01 2023-12-31 04613584 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04613584 countries:EnglandWales 2023-01-01 2023-12-31 04613584 2022-01-01 2022-12-31 04613584 2022-12-31 04613584 core:OtherReservesSubtotal 2022-12-31 04613584 core:RetainedEarningsAccumulatedLosses 2022-12-31 04613584 core:ShareCapital 2022-12-31 04613584 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 04613584

Waterside Sale Management Company No 1 Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Waterside Sale Management Company No 1 Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Waterside Sale Management Company No 1 Limited

(Registration number: 04613584)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

3,641

1,920

Cash at bank and in hand

 

21,626

23,639

 

25,267

25,559

Creditors: Amounts falling due within one year

5

(2,685)

(2,326)

Net assets

 

22,582

23,233

Capital and reserves

 

Called up share capital

30

30

Reserve fund

12,000

12,000

Income & Expenditure Reserve

10,552

11,203

Shareholders' funds

 

22,582

23,233

For the financial year ending 31 December 2023 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 3 December 2024 and signed on its behalf by:
 

.........................................
Mrs K McCulloch
Director

.........................................
Mr E Everett
Director

 

Waterside Sale Management Company No 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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:
384A Deansgate
Manchester
M3 4LA

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act
2006.

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

The company is responsible for the management of Waterside Sale management company No1 and collects service charges from the lessees in order to fund expenditure incurred in the management of the properties.

Revenue recognition

Turnover comprises of the service charges raised to the lessees to fund expenditure incurred in the
management of the properties during the year.

Tax

The tax expense for the period comprises current tax.

The current 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Waterside Sale Management Company No 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

2,505

917

Other debtors

1,136

1,003

 

3,641

1,920

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,072

1,517

Other creditors

613

809

2,685

2,326