Registered number
06638244
92-94 WELLDON CRESCENT (MANAGEMENT COMPANY) LIMITED
Filleted and Unaudited Accounts
31 July 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
92-94 WELLDON CRESCENT (MANAGEMENT COMPANY) LIMITED
Registered number: 06638244
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 24,050 22,971
Cash at bank and in hand 4,503 2,370
28,553 25,341
Creditors: amounts falling due within one year 4 (28,547) (25,335)
Net current assets 6 6
Net assets 6 6
Capital and reserves
Called up share capital 6 6
Shareholders' funds 6 6
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Raisinghani
Director
Approved by the board on 29 July 2025
92-94 WELLDON CRESCENT (MANAGEMENT COMPANY) LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 20,435 22,971
Other debtors 3,615 -
24,050 22,971
4 Creditors: amounts falling due within one year 2024 2023
£ £
Sinking Fund ( see note 5 below) 14,088 13,466
Other creditors 14,459 11,869
28,547 25,335
5 Sinking Fund
Balance B/Fwd - 01 August 2023 13,466 13,548
Income during the year 6,928 5,649
Outgoing during the year (6,306) (5,731)
Balance C/Fwd - 31 July 2024 14,088 13,466
6 Controlling party
The company was under the control of Mr S Raisinghani a Director, throughout the year.
7 Related Party transactions
a) At the year end, an amount of £13,153 ( 2023- £ 12,356) included in trade debtors as disclosed in note 3 above, was due from Mr S Raisinghani's wife on account of service charges.
b) At the year end, an amount of £12,433 (2023 : £10,189) included in other creditors, as disclosed in note 4 above, was due to Futurecourt Development Lomited, a company in which Mr S Raisinghani is also a director.
c) At the year end, an amount of £3,615 ( 2023- nil) included under other debtors as disclosed in note 3 above, was due from Stone Black Management Limited, a company in which Mr S Raisinghani is also a director and shareholder.
8 Other information
92-94 WELLDON CRESCENT (MANAGEMENT COMPANY) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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