Registration number:
Westbury House Flat Management Limited
for the Period from 6 March 2024 to 31 March 2025
Westbury House Flat Management Limited
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account and Statement of Retained Earnings |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Westbury House Flat Management Limited
Company Information
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Directors |
PC Schluter I Ahmed A Mohammed AJW Owen |
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Registered office |
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Accountants |
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Westbury House Flat Management Limited
Directors' Report for the Period from 6 March 2024 to 31 March 2025
The directors present their report and the financial statements for the period from 6 March 2024 to 31 March 2025.
Incorporation
The company was incorporated on
Directors of the company
The directors who held office during the period were as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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PC Schluter
Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Westbury House Flat Management Limited
for the Period Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Westbury House Flat Management Limited for the period ended 31 March 2025 as set out on pages 4 to 8 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
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Westbury House Flat Management Limited, as a body, in accordance with the terms of our engagement letter dated 19 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Westbury House Flat Management Limited and state those matters that we have agreed to state to the Board of Directors of Westbury House Flat Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westbury House Flat Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Westbury House Flat Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Westbury House Flat Management Limited. You consider that Westbury House Flat Management Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Westbury House Flat Management 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 accounts.
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Chartered accountants
Mill Lane
Eastry
Kent
CT13 0JW
Westbury House Flat Management Limited
Profit and Loss Account and Statement of Retained Earnings for the Period from 6 March 2024 to 31 March 2025
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Note |
2025 |
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Turnover |
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Administrative expenses |
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Operating profit |
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Profit before tax |
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Profit for the financial period |
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Retained earnings brought forward |
- |
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Retained earnings carried forward |
2,786 |
Westbury House Flat Management Limited
(Registration number: 15543413)
Balance Sheet as at 31 March 2025
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Note |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Westbury House Flat Management Limited
Notes to the Unaudited Financial Statements for the Period from 6 March 2024 to 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Westbury House Flat Management Limited
Notes to the Unaudited Financial Statements for the Period from 6 March 2024 to 31 March 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Tangible assets |
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Land and buildings |
Total |
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Cost or valuation |
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Additions |
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At 31 March 2025 |
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Depreciation |
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Carrying amount |
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At 31 March 2025 |
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Included within the net book value of land and buildings above is £764 in respect of freehold land and buildings.
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Debtors |
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Current |
2025 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Westbury House Flat Management Limited
Notes to the Unaudited Financial Statements for the Period from 6 March 2024 to 31 March 2025
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Creditors |
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Note |
2025 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
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No. |
£ |
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6 |
Westbury House Flat Management Limited
Detailed Profit and Loss Account for the Period from 6 March 2024 to 31 March 2025
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2025 |
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Turnover (analysed below) |
37,670 |
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Gross profit (%) |
100% |
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Administrative expenses |
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Establishment costs (analysed below) |
(32,919) |
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General administrative expenses (analysed below) |
(1,965) |
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(34,884) |
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Operating profit |
2,786 |
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Profit before tax |
2,786 |
Westbury House Flat Management Limited
Detailed Profit and Loss Account for the Period from 6 March 2024 to 31 March 2025
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2025 |
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Turnover |
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Service charges receivable |
37,670 |
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Establishment costs |
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Light, heat and power |
150 |
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Insurance |
1,729 |
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Repairs and maintenance |
30,830 |
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Cleaning |
210 |
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32,919 |
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General administrative expenses |
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Sundry expenses |
34 |
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Accountancy fees |
1,025 |
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Legal and professional fees |
906 |
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1,965 |