Company Registration No. 08304425 (England and Wales)
WHEATSHEAF MEWS MANAGEMENT COMPANY LTD
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
WHEATSHEAF MEWS MANAGEMENT COMPANY LTD
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3
WHEATSHEAF MEWS MANAGEMENT COMPANY LTD
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
9,094
7,767
Creditors: amounts falling due within one year
3
(757)
(1,151)
Net current assets
8,337
6,616
Reserves
Income and expenditure account
8,337
6,616
Members' funds
8,337
6,616
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 13 February 2025 and are signed on its behalf by:
E Cameron
Director
Company registration number 08304425 (England and Wales)
WHEATSHEAF MEWS MANAGEMENT COMPANY LTD
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Income and expenditure
£
Balance at 1 January 2023
4,556
Year ended 31 December 2023:
Surplus and total comprehensive income
2,060
Balance at 31 December 2023
6,616
Year ended 31 December 2024:
Surplus and total comprehensive income
1,721
Balance at 31 December 2024
8,337
WHEATSHEAF MEWS MANAGEMENT COMPANY LTD
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Wheatsheaf Mews Management Company Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 227A West Street, Fareham, Hants, PO16 0HZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
1
1
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
157
587
Accruals and deferred income
600
564
757
1,151
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.