REGISTERED NUMBER: 04445612 (England and Wales)

16 WESTMARSH DRIVE (MANAGEMENT COMPANY)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S R Booty

Mrs J M Stephens

Mr J L McCarthy

REGISTERED OFFICE:

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

04445612 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

4,976

5,147

CURRENT ASSETS

Debtors

5

7,161

7,861

Cash at bank

26,275

27,463

33,436

35,324

CREDITORS

Amounts falling due within one year

6

-

(1,509

)

NET CURRENT ASSETS

33,436

33,815

TOTAL ASSETS LESS CURRENT LIABILITIES

38,412

38,962

CAPITAL AND RESERVES

Called up share capital

9

9

Retained earnings

7

38,403

38,953

38,412

38,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mrs J M Stephens - Director

1.	STATUTORY INFORMATION

16 Westmarsh Drive (Management Company) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Taxation

As the company's business consists of the management, on a non-profit making basis, of a block of apartments for the owners, lessees or tenants, the company is not liable to pay corporation tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

8,571

DEPRECIATION

At 1 January 2024

3,424

Charge for year

171

At 31 December 2024

3,595

NET BOOK VALUE

At 31 December 2024

4,976

At 31 December 2023

5,147

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amount held by managing agents

5,324

7,861

Service charges in arrears

1,837

-

7,161

7,861

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Service charges in advance

-

1,509

7.

RESERVES

Retained

earnings

£

At 1 January 2024

38,953

Profit for the year

-

Surplus/(deficit) in the year

(550

)

At 31 December 2024

38,403

8.	CASH AT BANK & MONIES HELD BY MANAGING AGENTS

Cash at bank and monies held by managing agents represent service charge monies paid by lessees and held in trust in a designated bank account, per Section 42 of The Landlord and Tenant Act 1987.