| Wedmore Place Management Company Limited |
| Registered number: |
03967505 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Cash at bank and in hand |
|
|
11,655 |
|
|
15,165 |
|
| Creditors: amounts falling due within one year |
3 |
|
(840) |
|
|
(840) |
|
| Net current assets |
|
|
|
10,815 |
|
|
14,325 |
|
| Net assets |
|
|
|
10,815 |
|
|
14,325 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,501 |
|
|
1,501 |
| Revaluation reserve |
4 |
|
|
2,000 |
|
|
2,000 |
| Profit and loss account |
|
|
|
7,314 |
|
|
10,824 |
|
| Shareholders' funds |
|
|
|
10,815 |
|
|
14,325 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
|
|
|
| Belinda Joy Nadikerianda Rhodes |
| Director |
| Approved by the board on 24 September 2025 |
|
| Wedmore Place Management Company Limited |
| Notes to the Accounts |
| for the year ended 31 December 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). |
|
|
Turnover |
|
The company is mutual trading entity, trading soley for the benefit of its shareholder and therefore has no taxable turnover and no taxable profit, other than its investment income, which is taxed at the trust tax rate |
|
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Other creditors |
840 |
|
840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Capital redemption reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 January 2024 |
2,000 |
|
2,000 |
|
|
At 31 December 2024 |
2,000 |
|
2,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
There are no related parties nor is there any ultimate controlling party. |
|
|
| 6 |
Controlling party |
|
|
The director receive no fees nor has any interest in any contracts with the company, apart from their occupying flats within the property. |
|
|
| 7 |
Other information |
|
|
Wedmore Place Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Hamilton Place |
|
London |
|
N19 4RY |