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REGISTERED NUMBER: 02703347 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WATERSIDE COURT RESIDENTS LIMITED
(LIMITED BY GUARANTEE)

WATERSIDE COURT RESIDENTS LIMITED (REGISTERED NUMBER: 02703347)
(LIMITED BY GUARANTEE)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WATERSIDE COURT RESIDENTS LIMITED
(LIMITED BY GUARANTEE)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A Maxted
K P Barry



SECRETARY: A Maxted



REGISTERED OFFICE: 69 Victoria Road
Surbiton
Surrey
KT6 4NX



REGISTERED NUMBER: 02703347 (England and Wales)



ACCOUNTANTS: THP Limited
Chartered Accountants
Unit 4 Mulgrave Chambers
26-28 Mulgrave Road
Sutton
Surrey
SM2 6LE



MANAGING AGENTS: Wallakers
69 Victoria Road
Surbiton
Surrey
KT6 4NX

WATERSIDE COURT RESIDENTS LIMITED (REGISTERED NUMBER: 02703347)
(LIMITED BY GUARANTEE)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 7,254 5,815
Cash at bank 27,990 27,237
35,244 33,052
CREDITORS
Amounts falling due within one year 5 8,318 8,722
NET CURRENT ASSETS 26,926 24,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,926

24,330

RESERVES
General reserve 6 26,926 24,330
26,926 24,330

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 surplus or deficit 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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:




A Maxted - Director



K P Barry - Director


WATERSIDE COURT RESIDENTS LIMITED (REGISTERED NUMBER: 02703347)
(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Waterside Court Residents Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for services supplied, net of any credits or discounts.

Revenue is recognised in the accounting period in which the services were rendered and represents service charges receivable from the lessees during the year for the administration and maintenance of the property.

Taxation
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. No liability to corporation tax arises on the ordinary activities of the company as it is a non-profit making organisation.

The company is subject to UK corporation tax on the interest receivable on its general reserve.

General reserve
The general reserve has been established to meet the future maintenance costs. Such provision is considered prudent to enable the company to manage the property.

Profit and loss
It is considered that the activities of the company do not give rise to a profit and loss due to its nature of being a flat management company. Any excess or deficit of service charges levied over current expenditure will be retained in the general reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Service charges due 3,200 3,375
Prepayments 4,054 2,440
7,254 5,815

WATERSIDE COURT RESIDENTS LIMITED (REGISTERED NUMBER: 02703347)
(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Service charges paid in advance 30 1,630
Corporation tax 249 201
Deferred income 5,600 5,250
Accrued expenses 2,439 1,641
8,318 8,722

6. RESERVES
General
reserve
£   

At 1 January 2024 24,330
Surplus for the year 2,596
At 31 December 2024 26,926

Any surplus or deficit resulting from the current year's income and expenditure account is retained in the company's general reserve fund. The present level of the fund may prove insufficient, given the uncertainty as to whether and when substantial costs may arise on the property. Any insufficient funds arising will be recharged to the lease holders of the property.

7. MEMBERS

The company is limited by guarantee. The members of the company at the end of the year were:

M J Racki
Jonathan & Jennifer Fletcher
Charlotte Asdell
David Freeman
L A Bee & M B Buchan
Kenneth & Susan Kilmister
Mustafa Ghali & Amal Rasromani
Nicola Mayle
The Executors of Mrs Joan Roskelly
Kieran Patrick Barry
Juliet Sherwood
Anthony Maxted
Alireza Seyed-Kazemi
Dorothy Summers


Each member's liability is limited to £1 if the company should be wound up while he or she is a member or within one year after he or she ceases to be a member.

8. MEMBERS' GUARANTEE

The liability of each Member is limited to an amount not exceeding £1 in the case of winding up.