REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2022 |
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THE WETHERED ESTATE LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2022 |
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FOR |
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THE WETHERED ESTATE LIMITED |
THE WETHERED ESTATE LIMITED (REGISTERED NUMBER: 03122935) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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THE WETHERED ESTATE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Mercury House |
19-21 Chapel Street |
Marlow |
Buckinghamshire |
SL7 3HN |
THE WETHERED ESTATE LIMITED (REGISTERED NUMBER: 03122935) |
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BALANCE SHEET |
31 DECEMBER 2022 |
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31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank | 6 |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Other reserves | 9 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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THE WETHERED ESTATE LIMITED (REGISTERED NUMBER: 03122935) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
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1. | STATUTORY INFORMATION |
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The Wethered Estate Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the amount receivable from the residents in respect of levies raised in order to recover service charge costs. |
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Tangible fixed assets |
The directors have decided to depreciate the land down to a notional value of £1.There is no intention to sell the land and it is felt that including it at historical cost on the balance sheet distorts the retained reserves which should reflect the ability of the company to meet its maintenance and repairs obligations. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
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COST |
At 1 January 2022 |
and 31 December 2022 |
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DEPRECIATION |
At 1 January 2022 |
and 31 December 2022 |
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NET BOOK VALUE |
At 31 December 2022 |
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At 31 December 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade debtors |
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Accrued interest received |
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Prepayments |
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6. | CASH AT BANK |
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Included in the amount held at bank is £44,964 held by Kempton Carr in their Nat West general client account (2021:£56,4576).The balance of the funds are held by the company directly. |
THE WETHERED ESTATE LIMITED (REGISTERED NUMBER: 03122935) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade creditors |
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Service charge for next year | 68,302 | 67,199 |
Redecoration retention | - | 10,190 |
Tax |
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Accrued expenses |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.22 | 31.12.21 |
value: | £ | £ |
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Ordinary | 1 | 48 | 48 |
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9. | RESERVES |
Retained | Other |
earnings | reserves | Totals |
£ | £ | £ |
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At 1 January 2022 |
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107,244 |
Profit for the year |
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At 31 December 2022 |
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185,520 |