WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED 01211633 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of maintaining and managing the property on behalf of the residents. The company was formed to acquire the freehold reversions to Willridge Court, 59 Wallwood Road, Leytonstone, London, E11 1QR. Digita Accounts Production Advanced 6.30.9574.0 true 01211633 2023-10-01 2024-09-30 01211633 2024-09-30 01211633 bus:OrdinaryShareClass1 bus:OtherShareType 2024-09-30 01211633 core:ShareCapital 2024-09-30 01211633 core:SharePremium 2024-09-30 01211633 core:CurrentFinancialInstruments 2024-09-30 01211633 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01211633 core:LandBuildings 2024-09-30 01211633 bus:SmallEntities 2023-10-01 2024-09-30 01211633 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01211633 bus:FullAccounts 2023-10-01 2024-09-30 01211633 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01211633 bus:RegisteredOffice 2023-10-01 2024-09-30 01211633 bus:Director1 2023-10-01 2024-09-30 01211633 bus:Director4 2023-10-01 2024-09-30 01211633 bus:Director6 2023-10-01 2024-09-30 01211633 bus:OrdinaryShareClass1 bus:OtherShareType 2023-10-01 2024-09-30 01211633 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01211633 core:LandBuildings 2023-10-01 2024-09-30 01211633 countries:England 2023-10-01 2024-09-30 01211633 2023-09-30 01211633 core:ShareCapital 2023-09-30 01211633 core:SharePremium 2023-09-30 01211633 core:LandBuildings 2023-09-30 01211633 2022-10-01 2023-09-30 01211633 2023-09-30 01211633 bus:OrdinaryShareClass1 bus:OtherShareType 2023-09-30 01211633 core:CurrentFinancialInstruments 2023-09-30 01211633 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 01211633 core:LandBuildings 2023-09-30 01211633 2022-09-30 01211633 core:ShareCapital 2022-09-30 01211633 core:SharePremium 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01211633

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

Company Information

Directors

Margaret Lilian Burt

Jacquelyn Mary Thomas

Mr Stefano Rigolli

Registered office

10 Willridge Court
59 Wallwood Road
Leytonstone
London
E11 1QR

Accountants

ACCOUNTING 2 TREND LTD
3 The Shrubberies
George Lane
London
E18 1BD

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

Margaret Lilian Burt

Jacquelyn Mary Thomas

Mr Stefano Rigolli

Principal activity

The principal activity of the company is that of maintaining and managing the property on behalf of the residents. The company was formed to acquire the freehold reversions to Willridge Court, 59 Wallwood Road, Leytonstone, London, E11 1QR.

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 and authorised by the Board on 10 July 2025 and signed on its behalf by:
 

.........................................
Margaret Lilian Burt
Director

.........................................
Jacquelyn Mary Thomas
Director

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

Profit and Loss Account for the Year Ended 30 September 2024

Note

2024
£

2023
£

Turnover

 

8,246

8,306

Gross profit

 

8,246

8,306

Administrative expenses

 

(8,246)

(8,306)

Operating profit/(loss)

 

-

-

Profit/(loss) before tax

-

-

Profit/(loss) for the financial year

 

-

-

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

Statement of Comprehensive Income for the Year Ended 30 September 2024

2024
£

2023
£

Profit/(loss) for the year

-

-

Total comprehensive income for the year

-

-

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

(Registration number: 01211633)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,736

1,736

Current assets

 

Debtors

5

1,196

371

Cash at bank and in hand

 

10,130

9,766

 

11,326

10,137

Creditors: Amounts falling due within one year

6

(10,602)

(9,413)

Net current assets

 

724

724

Net assets

 

2,460

2,460

Capital and reserves

 

Called up share capital

7

2,400

2,400

Share premium reserve

60

60

Shareholders' funds

 

2,460

2,460

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.

Approved and authorised by the Board on 10 July 2025 and signed on its behalf by:
 

.........................................
Margaret Lilian Burt
Director

.........................................
Jacquelyn Mary Thomas
Director

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Share premium
£

Total
£

At 1 October 2023

2,400

60

2,460

At 30 September 2024

2,400

60

2,460

Share capital
£

Share premium
£

Total
£

At 1 October 2022

2,400

60

2,460

At 30 September 2023

2,400

60

2,460

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Willridge Court
59 Wallwood Road
Leytonstone
London
E11 1QR
England

These financial statements were authorised for issue by the Board on 10 July 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.

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:

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

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

Asset class

Depreciation method and rate

Freehold property

None provided; The directors are of the opinion that any charge would be immaterial and not affect the true and fair view of the financial statements.

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 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.

Leases

The leases owned by the company expire on 24 June 2130.

As the company is owned by the leaseholders, it is expected that the terms of these leases would be extended, or renewed, as necessary sometime in the future.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

WILLRIDGE COURT RESIDENTS ASSOCIATION LIMITED

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

1,736

1,736

At 30 September 2024

1,736

1,736

Depreciation

Carrying amount

At 30 September 2024

1,736

1,736

At 30 September 2023

1,736

1,736

Included within the net book value of land and buildings above is £1,736 (2023 - £1,736) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Other debtors

1,196

371

1,196

371

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

10,602

9,413

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2,400

2,400

2,400

2,400