Waterside Village (Lancaster) Management Company Limited 04286660 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of management and administration of the communal areas relating to the development on behalf of the property owners, lessees or tenants Digita Accounts Production Advanced 6.30.9574.0 true true 04286660 2023-10-01 2024-09-30 04286660 2024-09-30 04286660 core:CurrentFinancialInstruments 2024-09-30 04286660 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04286660 bus:SmallEntities 2023-10-01 2024-09-30 04286660 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04286660 bus:FilletedAccounts 2023-10-01 2024-09-30 04286660 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04286660 bus:RegisteredOffice 2023-10-01 2024-09-30 04286660 bus:CompanySecretary1 2023-10-01 2024-09-30 04286660 bus:Director1 2023-10-01 2024-09-30 04286660 bus:Director12 2023-10-01 2024-09-30 04286660 bus:Director2 2023-10-01 2024-09-30 04286660 bus:Director4 2023-10-01 2024-09-30 04286660 bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 04286660 countries:EnglandWales 2023-10-01 2024-09-30 04286660 2022-10-01 2023-09-30 04286660 2023-09-30 04286660 core:CurrentFinancialInstruments 2023-09-30 04286660 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 04286660

Waterside Village (Lancaster) Management Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Waterside Village (Lancaster) Management Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Waterside Village (Lancaster) Management Company Limited

Company Information

Directors

Mr D Bradbury

Mr N R S Lambert

Mr D Ashman

Mr M D Preston

Company secretary

Ms A Mayer

Registered office

Swallow Barn
Middleton
Carnforth
LA6 2NQ

Accountants

AMS Accountants Corporate Ltd
Chartered Accountants
Floor 2
9 Portland Street
Manchester
M1 3BE

 

Waterside Village (Lancaster) Management Company Limited

(Registration number: 04286660)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

22,458

22,743

Cash at bank and in hand

 

46,093

56,374

 

68,551

79,117

Creditors: Amounts falling due within one year

5

(9,794)

(7,858)

Net assets

 

58,757

71,259

Reserves

 

Retained earnings

58,757

71,259

Surplus

 

58,757

71,259

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................
Mr D Ashman
Director

 

Waterside Village (Lancaster) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Swallow Barn
Middleton
Carnforth
LA6 2NQ

The principal place of business is:
Waterside Village
Water Street
Lancaster
LA1 1AY

These financial statements were authorised for issue by the Board on 25 June 2025.

2

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

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.

 

Waterside Village (Lancaster) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

Current

2024
£

2023
£

Trade debtors

22,458

22,743

 

22,458

22,743

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

9,356

7,432

Accruals and deferred income

438

426

9,794

7,858