| The Water Gardens (Blocks N, P and Q) Management Limited |
| (Limited by Guarantee) |
| Registered number: |
03231814 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
16,834 |
|
|
14,612 |
| Cash at bank and in hand |
|
|
36,457 |
|
|
39,366 |
|
|
|
53,291 |
|
|
53,978 |
|
| Creditors: amounts falling due within one year |
4 |
|
(53,291) |
|
|
(53,978) |
|
| Net current assets |
|
|
|
- |
|
|
- |
|
| Net assets |
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
| Capital and reserves |
|
|
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
| 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 her 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. |
|
|
|
|
| Miss D. Lewis |
| Director |
| Approved by the board on 14 November 2025 |
|
| The Water Gardens (Blocks N, P and Q) Management Limited |
| (Limited by Guarantee) |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 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. |
|
|
Taxation |
|
The company operates on a mutual trading basis and is not liable to corporation tax. Funds held by the company on behalf of the residents are deemed to be a trust under Section 43 of the Landlord & Tenant Act 1987 and liable to taxation on the interest received. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Tenants' contributions |
9,680 |
|
7,614 |
|
Prepayments |
|
4,252 |
|
4,096 |
|
Other debtors |
2,902 |
|
2,902 |
|
|
|
|
|
|
16,834 |
|
14,612 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
5,349 |
|
1,784 |
|
Tenants' contributions received in advance |
|
2,865 |
|
2,933 |
|
Accruals |
642 |
|
624 |
|
Other creditors (see below) |
44,435 |
|
48,637 |
|
|
|
|
|
|
53,291 |
|
53,978 |
|
|
|
|
|
|
|
|
|
|
Other creditors is the balance on the service charge account, which represents the amounts held on account of future expenditure. Excess service charge monies are held in trust by the company and do not form part of the company's reserves. |
|
|
| 5 |
Other information |
|
|
The Water Gardens (Blocks N, P and Q) Management Limited is a company limited by guarantee and not having a share capital and is incorporated in England. Each member of the company is liable for the amount of the guarantee, not exceeding £10 to the company's assets if it should be wound up while he/she is a member or within one year after ceasing to be a member. |
|
The company is responsible for the communal areas and building insurance cover in respect of the properties at Nos. 50 - 114 Evens and 53 - 89 Odds New Road, Hackbridge, Surrey. The company has appointed Regency Estate Management as Managing Agents. Its registered office is: |
|
The Beechwood Centre |
|
40 Lower Gravel Road |
|
Bromley |
|
Kent |
|
BR2 8GP |