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Company No: 06949156 (England and Wales)

FOURWINDS FLATS MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH THE REGISTRAR

FOURWINDS FLATS MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024

Contents

FOURWINDS FLATS MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
FOURWINDS FLATS MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
DIRECTORS N H Hilder
T S Howard
A Howard
REGISTERED OFFICE 57 Rusthall Avenue
Chiswick
W4 1BN
London
United Kingdom
COMPANY NUMBER 06949156 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
FOURWINDS FLATS MANAGEMENT COMPANY LIMITED

BALANCE SHEET

AS AT 31 JULY 2024
FOURWINDS FLATS MANAGEMENT COMPANY LIMITED

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 31.07.2024 31.07.2023
£ £
Current assets
Debtors 3 2,555 4,196
Cash at bank and in hand 1,859 622
4,414 4,818
Creditors: amounts falling due within one year 4 ( 7,117) ( 7,683)
Net current liabilities (2,703) (2,865)
Total assets less current liabilities (2,703) (2,865)
Provision for liabilities 5 2,711 2,873
Net assets 8 8
Capital and reserves
Called-up share capital 8 8
Total shareholders' funds 8 8

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Fourwinds Flats Management Company Limited (registered number: 06949156) were approved and authorised for issue by the Board of Directors on 24 April 2025. They were signed on its behalf by:

T S Howard
Director
FOURWINDS FLATS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
FOURWINDS FLATS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 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

Fourwinds Flats Management Company 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 57 Rusthall Avenue, Chiswick, W4 1BN, London, United Kingdom.

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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

31.07.2024 31.07.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

31.07.2024 31.07.2023
£ £
Trade debtors 1,563 3,254
Prepayments 992 942
2,555 4,196

4. Creditors: amounts falling due within one year

31.07.2024 31.07.2023
£ £
Trade creditors 0 1,170
Accruals and deferred income 7,117 6,513
7,117 7,683

5. Provision for liabilities

Other Total
£ £
At 01 August 2023 ( 2,873) ( 2,873)
Charged to the Profit and Loss Account 162 162
At 31 July 2024 ( 2,711) ( 2,711)