Registered number
02141339
FIRST WOKING GRANGE MANAGEMENT LIMITED
Unaudited Filleted Accounts
30 September 2024
LIMITED BY GUARANTEE
FIRST WOKING GRANGE MANAGEMENT LIMITED
Registered number: 02141339
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 9,847 13,447
Cash at bank and in hand 141,864 129,535
151,711 142,982
Creditors: amounts falling due within one year 4 (17,970) (13,295)
Net current assets 133,741 129,687
Net assets 133,741 129,687
Capital and reserves
Reserve fund 5 100,500 100,500
Profit and loss account 33,241 29,187
Shareholders' funds 133,741 129,687
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms H T Edwards
Director
Approved by the board on 27 February 2025
FIRST WOKING GRANGE MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the contributions from the association's residents and sundry income.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Reserve fund
A Reserve fund is held in the Balance Sheet as a total. The Managing Agents hold a reconciliation of the amount apportioned to individual units for Major Works and this is available for inspection but does not form part of these Accounts and has not been inspected by us during the preparation of the accounts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 8,475 12,091
Other debtors 1,372 1,356
9,847 13,447
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 13,821 9,774
Taxation and social security costs 1,107 291
Other creditors 3,042 3,230
17,970 13,295
5 Reserve fund 2024 2023
£ £
At 1 October 2023 100,500 85,000
Transfer profit and loss - 15,500
At 30 September 2024 100,500 100,500
6 Controlling party
There is no controlling party.
7 Other information
FIRST WOKING GRANGE MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
7 Burcott Gardens
Addlestone
Surrey
KT15 2De
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