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REGISTERED NUMBER: 07506619 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Whitegate Close
(Management Company) Limited

Whitegate Close
(Management Company) Limited (Registered number: 07506619)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Whitegate Close
(Management Company) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P G Budgen





REGISTERED OFFICE: Mereworth
Shipley Bridge Lane
Copthorne
West Sussex
RH10 3JL





REGISTERED NUMBER: 07506619 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Whitegate Close
(Management Company) Limited (Registered number: 07506619)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 4 58 80
Cash at bank 13,072 11,838
13,130 11,918
CREDITORS
Amounts falling due within one year 5 665 1,208
NET CURRENT ASSETS 12,465 10,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,465

10,710

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings 12,449 10,694
SHAREHOLDERS' FUNDS 12,465 10,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





P G Budgen - Director


Whitegate Close
(Management Company) Limited (Registered number: 07506619)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Whitegate Close (Management Company) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents contributions received from the lessees during the year to cover current and future maintenance of the property known as Whitegate Close.

Taxation
The company is a non-profit making enterprise. HMRC have confirmed that corporation tax liability arises only on bank interest received.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 58 80

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Payments on account 49 31
Trade creditors 116 717
Other creditors 500 460
665 1,208

6. RELATED PARTY DISCLOSURES

During the year the company paid £0 (2023: £172) and £0 (2023: £1,283) in respect of services for the management of this company's activities to Alfred Budgen Limited and Paul Budgen Associates LLP respectively, both of which P G Budgen is a director and a shareholder.

Whitegate Close
(Management Company) Limited (Registered number: 07506619)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors.