Willowborne Garden Residents Association Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

1	General information

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

The address of its registered office is:
4 Willowborne Gardens
Winfrith Newburgh
Dorchester
Dorset
DT2 8JR

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.

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:

Asset class	Depreciation method and rate
Freehold reversion of Willowborne Garden	No depreciation is provided in respect of the freehold land as its residual value will be at least equal to its cost

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.

Willowborne Garden Residents Association Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from residents for 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.

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 during the year, was 0 (2024 - 0). The average number of directors during the year, was 3 (2024 - 3).

4	Tangible assets

	Freehold reversion of Willowborne Garden £	Total £
Cost
At 1 July 2024	10,000	10,000
At 30 June 2025	10,000	10,000
Carrying amount
At 30 June 2025	10,000	10,000
At 30 June 2024	10,000	10,000

5

Debtors

Current	2025 £	2024 £
Amounts due from lessees	350	-
Prepayments	986	887
	1,336	887

6

Creditors

	2025 £	2024 £
Due within one year
Accruals	668	549
Amounts received in advance from lessees	1,750	700
	2,418	1,249