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REGISTERED NUMBER: 01134491 (England and Wales)















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: N J D Baptiste
Mrs. S T Bell
Mrs R Cornelius
Mrs C A Hopkins
E N Howard
Mrs J E Linsdell
H D Marcuse
D R Neal
Mrs H J Swales
Mrs P M M Wray
Mrs J M Williams
Mrs S M Evans
Miss F Bryant
Miss R M Peddar
D A Fallon
Mrs J A Prichard
Mrs D Rumball
Miss S I Palphreyman
T A Russell
L B Murphy
M Robson
Mrs T Spargo
Ms J Frinneby-Wake
Mrs M E Matthews
Ms L Farrant
P W Linnington





REGISTERED OFFICE: 36a Station Road
New Milton
Hampshire
BH25 6JX





REGISTERED NUMBER: 01134491 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
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 5 165 185
Cash at bank 12,622 8,546
12,787 8,731
CREDITORS
Amounts falling due within one year 6 1,909 1,514
NET CURRENT ASSETS 10,878 7,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,878

7,217

CAPITAL AND RESERVES
Called up share capital 30 30
Contingency Fund Reserve 6,250 6,250
Retained earnings 4,598 937
SHAREHOLDERS' FUNDS 10,878 7,217

WOLSEY WAY (MILFORD) NO. 2 MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01134491)

BALANCE SHEET - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income and Expenditure Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:




D A Fallon - Director



L B Murphy - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 115 135
Other debtors 50 50
165 185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1 1
Other creditors 1,908 1,513
1,909 1,514

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).