Year Ended
Registration number:
Poltisco Wharf Management Company Limited
Balance Sheet as at 31 May 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Shareholders' funds |
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For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the Board on
.........................................
I A Hare
Director
Company Registration Number: 04051217
Poltisco Wharf Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
These financial statements were authorised for issue by the
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.
Service charge accounts
In accordance with current best practice, separate service charge accounts have been prepared in addition to these limited company accounts. The service charge accounts are prepared on the accrual basis and the accounts include a balance sheet for the service charge fund as well as an income and expenditure account and explanatory notes.
Financial instruments
Classification
• Short term other debtors
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Poltisco Wharf Management Company Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 June 2023 |
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At 31 May 2024 |
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Depreciation |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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Included within the net book value of land and buildings above is £1 (2023 - £1) in respect of freehold land and buildings.
Debtors |
2024 |
2023 |
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Other debtors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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9 |
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9 |