| ATLANTIC WHARF PROPERTY MANAGEMENT COMPANY LIMITED |
| Registered number: |
03031105 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
214,898 |
|
|
310,901 |
| Cash at bank and in hand |
|
|
164,644 |
|
|
57,659 |
|
|
|
379,542 |
|
|
368,560 |
|
| Creditors: amounts falling due within one year |
4 |
|
(294,774) |
|
|
(239,964) |
|
| Net current assets |
|
|
|
84,768 |
|
|
128,596 |
|
| Net assets |
|
|
|
84,768 |
|
|
128,596 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
213 |
|
|
213 |
| Maintenance reserve |
5 |
|
|
84,555 |
|
|
128,383 |
|
| Shareholders' funds |
|
|
|
84,768 |
|
|
128,596 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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 Income and Expenditure account has not been delivered to the Registrar of Companies. |
|
|
|
|
| F E Rycroft |
| Director |
| Approved by the board on 7 October 2026 |
|
| ATLANTIC WHARF PROPERTY MANAGEMENT COMPANY LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 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). |
|
|
Turnover |
|
The service charge income is recognised in accordance with the budgeted amount charge to lessees. |
|
|
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 |
|
No liability to UK corporation tax arises on the activities of the company as it is a mutual trading company. It is subject to income tax at the trust rate on its investment income, which is stated net of income tax. |
|
|
Provisions |
|
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Amounts owed by related entity |
|
|
|
|
- |
|
200,000 |
|
Service charge arrears |
|
|
|
|
17,532 |
|
14,229 |
|
Other debtors & prepayments |
197,366 |
|
96,672 |
|
|
|
|
|
|
214,898 |
|
310,901 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
135,614 |
|
97,961 |
|
Amounts owed to related entity |
|
|
|
|
40,049 |
|
18,775 |
|
Taxation and social security costs |
2,505 |
|
1,427 |
|
Accrued expenses |
11,151 |
|
16,616 |
|
Other creditors |
105,455 |
|
105,185 |
|
|
|
|
|
|
294,774 |
|
239,964 |
|
|
|
|
|
|
|
|
|
|
Included in Amounts owed to related entity is the amount of £40,049 (2025: £18,775) in respect of amounts owed to Atlantic Wharf (Wapping) Freehold Limited, a company set up to purchase the freehold of the property at Atlantic Wharf, the Highway, London, E1. |
|
| 5 |
Maintenance reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
At 1 April 2025 |
128,383 |
|
195,012 |
|
Surplus/(Deficit)for the year |
12,602 |
|
22,765 |
|
Emergency lighting |
(4,663) |
|
(10,789) |
|
Fire alarm |
(19,941) |
|
- |
|
Carpet cleaning |
(3,000) |
|
- |
|
Water pump and tank |
(5,862) |
|
- |
|
CCTV |
- |
|
(32,245) |
|
Window control panels |
- |
|
(11,760) |
|
Shutters |
- |
|
(8,827) |
|
Painting works |
(20,000) |
|
- |
|
Signs |
- |
|
(5,905) |
|
Gates |
- |
|
(9,168) |
|
Flooring |
- |
|
(10,700) |
|
Leak repair and remedy |
(2,964) |
|
- |
|
Balance carried forward at 31st March 2026 |
84,555 |
|
128,383 |
|
|
|
|
|
|
|
|
|
|
Split as: |
General Reserve |
(115,445) |
|
(71,617) |
|
|
Lift Reserve |
200,000 |
|
200,000 |
|
At 31 March 2026 |
84,555 |
|
128,383 |
|
|
|
|
|
|
|
|
|
|
The reserve represents monies collected from the lessees through service charges being that part set aside for the sole purpose of future maintenance work to Atlantic Wharf. The balance at 31st March 2026 does not, however, constitute a detailed evaluation of the amount required to meet all maintenance work that will eventually become necessary. |
|
| 6 |
Related party transactions |
|
|
The directors or their close families hold leases in Atlantic Wharf and therefore have an interest in transactions with the company insofar as the service charges on the flats are concerned. |
|
Included in creditors is an amount of £40,049 (2025: £18,775) due to Atlantic Wharf (Wapping) Freehold Limited, a company set up to purchase the freehold of the property at Atlantic Wharf, the Highway, London.E1. |
|
|
| 7 |
Controlling party |
|
|
The directors believe that there is no controlling person or entity. |
|
|
| 8 |
Other information |
|
|
ATLANTIC WHARF PROPERTY MANAGEMENT COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o CS Block Management Ltd |
|
Kings Court, London Road |
|
Stevenage |
|
Hertfordshire |
|
SG1 2NG |