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COMPANY REGISTRATION NUMBER: 02657729
WESTWOODS MANAGEMENT COMPANY LIMITED
Company Limited by Guarantee
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2024
WESTWOODS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
CURRENT ASSETS
Debtors
5
216
131
Cash at bank and in hand
3,361
2,387
--------
--------
3,577
2,518
CREDITORS: amounts falling due within one year
6
1,660
1,800
--------
--------
NET CURRENT ASSETS
1,917
718
--------
-----
TOTAL ASSETS LESS CURRENT LIABILITIES
1,917
718
--------
-----
NET ASSETS
1,917
718
--------
-----
CAPITAL AND RESERVES
Profit and loss account
1,917
718
--------
-----
MEMBERS FUNDS
1,917
718
--------
-----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WESTWOODS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
Mr D M Edwards
Director
Company registration number: 02657729
WESTWOODS MANAGEMENT COMPANY LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents service charges receivable from the residential lessees.
4. Company limited by guarantee
Westwoods Management Company is a company limited by guarantee and not having a share capital. The liability of the Members is limited. Every member of the Company undertakes to contribute such amount as may be required ( not exceeding £1 ) to the Company's assets if it should be wound up while they are a Member or within one year after they cease to be a member, for payment of the Company's debts and liabilities contracted before they cease to be a Member, and of the costs, charges and expenses of winding up.
5. Debtors
2024
2023
£
£
Service charges owing
216
131
-----
-----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
845
1,306
Service charges in advance
815
494
--------
--------
1,660
1,800
--------
--------
7. Related party transactions
The company was under the joint control of the directors throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standards.