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Registration number: 02279786

Wilverley Management Company Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Wilverley Management Company Ltd

Contents

Company Information | 1
Directors' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 7

Wilverley Management Company Ltd

Company Information

Directors | Mr Derrick Singleton Mrs Margaret Baxter Mr Nigel Probert Mrs Annette Smith Mrs Norma Brett Mr Asen Tuparev Mrs Patricia Jones

Company secretary | Mrs Margaret Baxter

Registered office | Flat 7 Wilverley Wheatridge Lane Torquay Devon TQ2 6RB

Accountants | Neil Wilson & Co Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Wilverley Management Company Ltd

Directors' Report for the Year Ended 30 November 2025

The directors present their report and the financial statements for the year ended 30 November 2025.

Principal activity

The principal activity of the company is Not for Profit Residents Property Management

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 February 2026 and signed on its behalf by:

......................................... Mr Derrick Singleton Director

Wilverley Management Company Ltd

(Registration number: 02279786)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,516 | 3,291
Current assets |  |  |
Debtors | 5 | 1,307 | 1,149
Cash at bank and in hand |  | 19,579 | 18,193
|  | 20,886 | 19,342
Creditors: Amounts falling due within one year | 6 | (1,054) | (270)
Net current assets |  | 19,832 | 19,072
Net assets |  | 22,348 | 22,363
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 22,248 | 22,263
Shareholders' funds |  | 22,348 | 22,363

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 25 February 2026 and signed on its behalf by:

......................................... Mr Derrick Singleton Director

Wilverley Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Flat 7 Wilverley
Wheatridge Lane
Torquay
Devon
TQ2 6RB
England

These financial statements were authorised for issue by the Board on 25 February 2026.

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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 land and buildings | Nil

Wilverley Management Company Ltd

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

Plant and machinery | 15% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 (including directors) during the year, was 8 (2024 - 8).

Wilverley Management Company Ltd

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

4 | Tangible assets

| Land and buildings £ | Other tangible assets £ | Total £
Cost or valuation
At 1 December 2024 | 191 | 4,133 | 4,324
At 30 November 2025 | 191 | 4,133 | 4,324
Depreciation
At 1 December 2024 | - | 1,033 | 1,033
Charge for the year | - | 775 | 775
At 30 November 2025 | - | 1,808 | 1,808
Carrying amount
At 30 November 2025 | 191 | 2,325 | 2,516
At 30 November 2024 | 191 | 3,100 | 3,291

Included within the net book value of land and buildings above is £191 (2024 - £191) in respect of freehold land and buildings.

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,307 | 1,149
| 1,307 | 1,149

Wilverley Management Company Ltd

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

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 304 | 270
Other creditors | 750 | -
| 1,054 | 270

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100