Oxford Waterfront Management Company Limited 05393449 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of property management of the properties in William Lucy Way, on behalf of the members Digita Accounts Production Advanced 6.30.9574.0 true 05393449 2023-06-01 2024-05-31 05393449 2024-05-31 05393449 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 05393449 bus:SmallEntities 2023-06-01 2024-05-31 05393449 bus:Audited 2023-06-01 2024-05-31 05393449 bus:FilletedAccounts 2023-06-01 2024-05-31 05393449 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05393449 bus:RegisteredOffice 2023-06-01 2024-05-31 05393449 bus:Director4 2023-06-01 2024-05-31 05393449 bus:Director8 2023-06-01 2024-05-31 05393449 bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 05393449 countries:England 2023-06-01 2024-05-31 05393449 2022-06-01 2023-05-31 05393449 2023-05-31 05393449 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 05393449

Oxford Waterfront Management Company Limited

(A company limited by guarantee)

Filleted Financial Statements

for the Year Ended 31 May 2024

 

Oxford Waterfront Management Company Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 3

 

Oxford Waterfront Management Company Limited

(Registration number: 05393449)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

128,485

102,861

Creditors: Amounts falling due within one year

4

(17,266)

(8,361)

Net assets

 

111,219

94,500

Reserves

 

Other reserves

111,219

94,500

Surplus

 

111,219

94,500

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 17 February 2025 and signed on its behalf by:
 

.........................................
C R Dick
Director

.........................................
T H Porter
Director

 

Oxford Waterfront Management Company Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
294 Banbury Road
Oxford
Oxfordshire
OX2 7ED
England

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 17 February 2025 was Ajay Bahl BA BFP FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for charges made to residents. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Oxford Waterfront Management Company Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business. Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,601

2,283

Taxation and social security

111

49

Accruals and deferred income

2,890

2,800

Other creditors

12,664

3,229

17,266

8,361