Barnes Waterside Estate Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

1	General information

Barnes Waterside Estate Management Company Limited (the 'company') is a company limited by guarantee, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the Directors' Report on page 2.

2	Accounting policies

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continues to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Reclassification of comparative amounts

During the year, the company reviewed the presentation of service charge transactions. Service charge monies are collected and held on trust on behalf of the dwellingholders for the purpose of meeting the relevant costs in relation to the Estate and do not represent the company's funds. Therefore, the transactions and balances relating to the service charge are no longer included within the statutory financial statements and are reported separately in service charge accounts, which are prepared in accordance with ACCA professional guidance known as Technical Factsheet 172. Comparative figures have been restated accordingly.

Barnes Waterside Estate Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Judgements

There are no critical judgements made by the directors in the process of applying the company’s according policies which have the most significant effect on the amounts recognised in the financial statements.

Taxation

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.
Income tax charges are 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.

Plant, property and equipment

Plant, property and equipment represents Freehold land which is stated as a nominal value of £1. No depreciation is provided on this.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank and are subject to an insignificant risk of change in value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Plant, property and equipment

	Freehold land £
Cost
At 1 January 2025	1
At 31 December 2025	1
Carrying amount
At 31 December 2025	1
At 31 December 2024	1

Barnes Waterside Estate Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025 (continued)

5	Cash and cash equivalent

	2025 £	2024 £
Cash at bank - client deposit account	26,585	26,292

Funds are held in trust at National Westminster Bank Plc in a client deposit account maintained by Willmotts (Ealing) Limited, the managing agent, under the title Willmotts (Ealing) Limited Clients Account Re Barnes Waterside Estate Management Company Limited.

6

Payables

	2025 £	2024 £
Due within one year
Other creditors	1	1

7

Reserves

	Company reserve
	£
At 1 January 2025	26,292
Bank interest	293
At 31 December 2025	26,585

Reserves

The company reserve represents the transfer of the net gain on the disposal of Estate land during the year ended 31 December 2013.

8	Service charge accounts

Service charge accounts have been prepared for Barnes Waterside Estate, Barnes, London, SW13 in respect of the year ended 31 December 2025. A copy of these accounts may be obtained from the managing agent, Willmotts (Ealing) Limited, at the registered office address