Walby Court Management Company Limited

(Registration number: 01690968)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Current assets
Debtors		180	90
Cash at bank and in hand		23,211	20,531
		23,391	20,621
Creditors: Amounts falling due within one year	4	(90,063)	(83,362)
Net liabilities		(66,672)	(62,741)
Capital and reserves
Called up share capital		6	6
Retained earnings		(66,678)	(62,747)
Shareholders' deficit		(66,672)	(62,741)

For the financial year ending 5 April 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.

Approved and authorised by the Board on 14 November 2025 and signed on its behalf by:
 

......................................... G Slater Director

Walby Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

These financial statements were authorised for issue by the Board on 14 November 2025.

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.

The presentation currency of the financial statements is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue to trade in operational existence for the foreseeable future. At 5 April 2025, the company had net liabilities of £66,672 (2024 - £62,741). The directors have considered the position of the company with respect to its obligations to ensure the business can continue in operational existence for the foreseeable future and confirm their approval to adopt the going concern basis for preparing the accounts.

Revenue recognition

Turnover represents contributions made by leaseholders.

Walby Court Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

2	Accounting policies (continued)

Residential property management

The company has only a small amount of income and expenditure in its own right or the majority of the transactions in the year relate to maintenance of the common parts of the property in accordance to the lease. Income and expenditure arising from these transactions are shown in separate service charge accounts for the property. They do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from the residents of the property are held on behalf of the residents. As at the balance sheet date, the monies held on behalf of the residents for future maintenance of the aforementioned property amount to £30,936 (2024 - £30,257).

3	Staff numbers

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

4

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Other creditors	62,259	68,822
Held on behalf of Service Charge Accounts	27,804	14,540
	90,063	83,362