Registered number
14939064
Windmere Property Management Limited
Filleted Accounts
30 June 2024
Windmere Property Management Limited
Registered number: 14939064
Balance Sheet
as at 30 June 2024
Notes 2024
£
Fixed assets
Tangible assets 3 590,490
Current assets
Debtors 4 37,000
Cash at bank and in hand 134,382
171,382
Creditors: amounts falling due within one year 5 (58,592)
Net current assets 112,790
Net assets 703,280
Capital and reserves
Called up share capital 200
Profit and loss account 703,080
Shareholders' funds 703,280
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Adnan Khaliq
Director
Approved by the board on 31 December 2024
Windmere Property Management Limited
Notes to the Accounts
for the period from 15 June 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 590,162 410 590,572
At 30 June 2024 590,162 410 590,572
Depreciation
Charge for the period - 82 82
At 30 June 2024 - 82 82
Net book value
At 30 June 2024 590,162 328 590,490
4 Debtors 2024
£
Other debtors 37,000
5 Creditors: amounts falling due within one year 2024
£
Other creditors 58,592
6 Other information
Windmere Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bradford Court 123-131
Bradford Street
Birmingham
Westmidlands
B12 0NS
7 Going concern
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company.
8 Comparatives
There are no comparatives as this is first year of business
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