Wendover & Moreland Courts Ltd

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 04660482

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		95,363		103,683

			95,363		103,683
CURRENT ASSETS
Debtors	5	138,304		122,453
Cash at bank and in hand		506,386		503,215

		644,690		625,668
Creditors: Amounts Falling Due Within One Year	6	(179,261 )		(184,031 )

NET CURRENT ASSETS (LIABILITIES)			465,429		441,637

TOTAL ASSETS LESS CURRENT LIABILITIES			560,792		545,320

NET ASSETS			560,792		545,320

CAPITAL AND RESERVES
Called up share capital	7		110		110
Profit and Loss Account			560,682		545,210

SHAREHOLDERS' FUNDS			560,792		545,320

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Wendover & Moreland Courts Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 23 December 2025 and were signed on its behalf by:

Mr I J Goddard

Director

The notes on pages 4 to 6 form part of these financial statements.

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Wendover & Moreland Courts Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

The company is a private company limited by shares, incorporated in England & Wales.

The address of its registered office is:

9a Burroughs Gardens, London, NW4 4AU

The principal place of business is:

Wendover & Moreland Courts, Finchley Road, London, NW2

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest whole pound.

2.2. Turnover

Revenue recognition

Turnover represents ground rents receivable.

2.3. Tangible Fixed Assets and Depreciation

In accordance with Financial Reporting Standard 102 section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' for smaller entities, no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. Such properties are held for investment and not for consumption, and the directors consider that to depreciate them would not give a true and fair view.

The company is in the process of granting 999-year leases to its shareholders subsequent to which the freehold property will be revalued.

2.4. Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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Wendover & Moreland Courts Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. 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.

2.6. 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. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

4. Tangible Assets

	Land & Property
	Freehold	Furniture, fittings and equipment	Total
	£	£	£
Cost
As at 1 January 2024	103,683	530	104,213
Disposals	(8,320 )	-	(8,320 )

As at 31 December 2024	95,363	530	95,893

Depreciation
As at 1 January 2024	-	530	530

As at 31 December 2024	-	530	530

Net Book Value
As at 31 December 2024	95,363	-	95,363

As at 1 January 2024	103,683	-	103,683

The freehold property represents the freehold interests in Wendover and Moreland Courts.

During the year, a 999-year lease was granted in respect of 38 Moreland Court for which consideration of £8,320 was received in 2006; none were granted in 2023.

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	138,304	122,453

Included in other debtors is a balance of £129,454, (2023: £114,707), which is due from Trust Property Management Limited and is in respect of the ground rent and service charge accounts.

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Wendover & Moreland Courts Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	4,191	179
Other creditors	168,328	177,287
Accruals and deferred income	6,742	6,565

	179,261	184,031

Other creditors includes £161,826, (2023: £170,146), of loan capital designated for the purchase of the freeehold of Moreland Court and the freehold, head lease and underlease of Wendover Court, now all merged into the freehold. The loan capital was introduced by tenants directly, by the Wendover and Moreland Residents Association and from other residents' funds.

The loan capital is being repaid by the granting of 999-year leases.

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
110 Ordinary Shares of £ 1.00 each	110	110

8. Post Balance Sheet Events

In September 2025, the company received a payment for the 90-year extension of the lease of 51 Moreland court at a premium of £134,000.

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Directors	Mr I J Goddard
	Mr S M Sikandary

Secretary	Mr A P Sainer

Company Number	04660482

Registered Office	9a Burroughs Gardens
	London
	NW4 4AU

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU