Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Harry Albert Hiscocks 01/04/2024 Susan Merial Squibb 17/08/1991 Susan Meriel Squibb Susan Meriel Squibb 11 March 2025 The principal activity of the Company during the financial year was that of managing, on a non-profit basis, the property known as Wayman Flats on behalf of the tenants. 02523177 2024-06-30 02523177 bus:Director1 2024-06-30 02523177 bus:Director2 2024-06-30 02523177 2023-06-30 02523177 core:CurrentFinancialInstruments 2024-06-30 02523177 core:CurrentFinancialInstruments 2023-06-30 02523177 core:ShareCapital 2024-06-30 02523177 core:ShareCapital 2023-06-30 02523177 core:SharePremium 2024-06-30 02523177 core:SharePremium 2023-06-30 02523177 core:LandBuildings 2023-06-30 02523177 core:LandBuildings 2024-06-30 02523177 bus:OrdinaryShareClass1 2024-06-30 02523177 2023-07-01 2024-06-30 02523177 bus:FilletedAccounts 2023-07-01 2024-06-30 02523177 bus:SmallEntities 2023-07-01 2024-06-30 02523177 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 02523177 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02523177 bus:Director1 2023-07-01 2024-06-30 02523177 bus:Director2 2023-07-01 2024-06-30 02523177 bus:Director3 2023-07-01 2024-06-30 02523177 bus:Director4 2023-07-01 2024-06-30 02523177 2022-07-01 2023-06-30 02523177 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 02523177 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02523177 (England and Wales)

WAYMAN FLATS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

WAYMAN FLATS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

WAYMAN FLATS LIMITED

BALANCE SHEET

As at 30 June 2024
WAYMAN FLATS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 5,602 5,602
5,602 5,602
Current assets
Debtors 4 0 1,965
Cash at bank and in hand 4,859 2,546
4,859 4,511
Creditors: amounts falling due within one year 5 ( 4,743) ( 4,395)
Net current assets 116 116
Total assets less current liabilities 5,718 5,718
Net assets 5,718 5,718
Capital and reserves
Called-up share capital 6 10 10
Share premium account 5,708 5,708
Total shareholders' funds 5,718 5,718

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Wayman Flats Limited (registered number: 02523177) were approved and authorised for issue by the Board of Directors on 11 March 2025. They were signed on its behalf by:

Susan Meriel Squibb
Director
WAYMAN FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
WAYMAN FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wayman Flats Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Wayman Flats Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is stated gross of VAT and net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Freehold reversion - Not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 July 2023 5,602 5,602
At 30 June 2024 5,602 5,602
Accumulated depreciation
At 01 July 2023 0 0
At 30 June 2024 0 0
Net book value
At 30 June 2024 5,602 5,602
At 30 June 2023 5,602 5,602

4. Debtors

2024 2023
£ £
Other debtors 0 1,965

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 4,743 4,395

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10