Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30Flat Management Company2023-07-01false3false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02903665 2023-07-01 2024-06-30 02903665 2022-07-01 2023-06-30 02903665 2024-06-30 02903665 2023-06-30 02903665 c:CompanySecretary1 2023-07-01 2024-06-30 02903665 c:Director1 2023-07-01 2024-06-30 02903665 c:Director2 2023-07-01 2024-06-30 02903665 c:Director3 2023-07-01 2024-06-30 02903665 c:Director3 2024-06-30 02903665 c:RegisteredOffice 2023-07-01 2024-06-30 02903665 d:CurrentFinancialInstruments 2024-06-30 02903665 d:CurrentFinancialInstruments 2023-06-30 02903665 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02903665 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02903665 d:ShareCapital 2024-06-30 02903665 d:ShareCapital 2023-06-30 02903665 c:OrdinaryShareClass1 2023-07-01 2024-06-30 02903665 c:OrdinaryShareClass1 2024-06-30 02903665 c:OrdinaryShareClass1 2023-06-30 02903665 c:FRS102 2023-07-01 2024-06-30 02903665 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 02903665 c:FullAccounts 2023-07-01 2024-06-30 02903665 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02903665 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02903665









WESTCLIFF FLATS MANAGEMENT COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
WESTCLIFF FLATS MANAGEMENT COMPANY LIMITED
 
 
COMPANY INFORMATION


Directors
J W Dalgleish 
C E Needham 
N T Moores (resigned 11 August 2023)




Company secretary
LRPM Limited



Registered number
02903665



Registered office
8 Hamilton Road

Cromer

Norfolk

NR27 9HL




Accountants
MA Partners LLP

7 The Close

Norwich

Norfolk

NR1 4DJ





 
WESTCLIFF FLATS MANAGEMENT COMPANY LIMITED
 

CONTENTS



Page
Accountants' report
 
1
Balance sheet
 
2
Notes to the financial statements
 
3 - 4


 
WESTCLIFF FLATS MANAGEMENT COMPANY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WESTCLIFF FLATS MANAGEMENT COMPANY LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westcliff Flats Management Company Limited for the year ended 30 June 2024 which comprise  the balance sheet and the related notes 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 Westcliff Flats Management Company Limited, as a body, in accordance with the terms of our engagement letter dated February 2025Our work has been undertaken solely to prepare for your approval the financial statements of Westcliff Flats Management Company Limited and state those matters that we have agreed to state to the board of directors of Westcliff Flats Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westcliff Flats 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 Westcliff Flats Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westcliff Flats Management Company Limited. You consider that Westcliff Flats Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Westcliff Flats 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.

  



MA Partners LLP
 
7 The Close
Norwich
Norfolk
NR1 4DJ
25 March 2025
Page 1

 
WESTCLIFF FLATS MANAGEMENT COMPANY LIMITED
REGISTERED NUMBER: 02903665

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
2,150
-

Cash at bank and in hand
  
10,219
10,603

  
12,369
10,603

Creditors: amounts falling due within one year
 5 
(12,359)
(10,593)

Net current assets
  
 
 
10
 
 
10

Total assets less current liabilities
  
10
10

  

Net assets
  
10
10


Capital and reserves
  

Called up share capital 
  
10
10

  
10
10


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.




C E Needham
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
WESTCLIFF FLATS MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Westcliff Flats Mangement Company Limited is a company limited by shares, incorporated and domiciled in England and Wales. The registered office is 8 Hamilton Road, Cromer, Norfolk, NR27 9HL.
The principal activity of the company is that of a flat management company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
WESTCLIFF FLATS MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).


4.


Debtors

2024
2023
£
£


Trade debtors
2,150
-

2,150
-



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
11,639
10,593

Accruals and deferred income
720
-

12,359
10,593



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares shares of £1.00 each
10
10


 
Page 4