REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
WOLSEY WAY (MILFORD) NO. 2 MANAGEMENT |
COMPANY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
WOLSEY WAY (MILFORD) NO. 2 MANAGEMENT |
COMPANY LIMITED |
WOLSEY WAY (MILFORD) NO. 2 MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01134491) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WOLSEY WAY (MILFORD) NO. 2 MANAGEMENT |
COMPANY LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
36a Station Road |
New Milton |
Hampshire |
BH25 6JX |
WOLSEY WAY (MILFORD) NO. 2 MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01134491) |
BALANCE SHEET |
31 December 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Contingency Fund Reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
WOLSEY WAY (MILFORD) NO. 2 MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01134491) |
BALANCE SHEET - continued |
31 December 2024 |
The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
WOLSEY WAY (MILFORD) NO. 2 MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01134491) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2024 |
1. | STATUTORY INFORMATION |
Wolsey Way (Milford) No. 2 Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Income represents the annual service charge (including ground rent) for maintenance in respect of the thirty properties comprising The Orchard, Milford on Sea. It also includes amounts paid by new owners to reimburse to the company expenses incurred on the change of shareholders and directors. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
The company owns the freehold land comprising the common areas and that leased to the residents of the estate known as The Orchard, Milford on Sea. No price was paid for this property and the director's are of the opinion that it has no commercial value. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Management Charges outstanding |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
The company receives management charges from each of the directors for the year. This amounted to £530 per director during the year (2023 - £495). |