Company registration number 10236776 (England and Wales)
WESTLEA RISE (SWINDON) MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
WESTLEA RISE (SWINDON) MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
DIRECTOR
D M Young
SECRETARY
Innovus Company Secretaries Limited
COMPANY NUMBER
10236776
REGISTERED OFFICE
Queensway House
11 Queensway
New Milton
Hampshire
BH25 5NR
ACCOUNTANTS
JW Hinks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
MANAGING AGENT
Alexander Faulkner Partnership Limited
2nd Floor
154-155 Great Chales Street
Birmingham
B3 3LP
WESTLEA RISE (SWINDON) MANAGEMENT COMPANY LIMITED
CONTENTS
PAGE
Accountants' report
1
Income and expenditure account
2
Balance sheet and notes to the financial statements
3
WESTLEA RISE (SWINDON) MANAGEMENT COMPANY LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WESTLEA RISE (SWINDON) MANAGEMENT COMPANY LIMITED FOR THE YEAR ENDED 30 JUNE 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westlea Rise (Swindon) Management Company Limited for the year ended 30 June 2024, which comprise the income and expenditure account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Westlea Rise (Swindon) Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Westlea Rise (Swindon) Management Company Limited and state those matters that we have agreed to state to the board of directors of Westlea Rise (Swindon) Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westlea Rise (Swindon) Management Company Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Westlea Rise (Swindon) Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Westlea Rise (Swindon) Management Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Westlea Rise (Swindon) Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
17 March 2025
WESTLEA RISE (SWINDON) MANAGEMENT COMPANY LIMITED
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
2024
2023
£
£
INCOME
-
-
SURPLUS
WESTLEA RISE (SWINDON) MANAGEMENT COMPANY LIMITED
BALANCE SHEET
- 3 -
2024
2023
£
£
£
£
Reserves
NOTES TO THE FINANCIAL STATEMENTS
1
EMPLOYEES
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
Westlea Rise (Swindon) Management Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Queensway House, 11 Queensway, New Milton, Hampshire, BH25 5NR.
The company acts as a trustee of the statutory trust in respect of the service charge monies collected for the maintenance of Westlea Rise, Swindon. The company has no income or expenditure in its own right. All transaction in the the year relate to the maintenance of the common parts of the property in accordance with the lease. Income and expenditure arising from these transactions are shown in separate service charge accounts for the property and do not form part of the annual accounts of the company and are not filed at Companies House. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of The Landlord and Tenant Act 1987 and disclosed in the separate service charge accounts.
For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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 in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 15 March 2025
D M Young
DIRECTOR
England and WalesCOMPANY REGISTRATION NUMBER 10236776 (ENGLAND AND WALES)