COMPANY REGISTRATION NUMBER:
03839086
The Westbourne House (Cheltenham) Management Company Limited
|
|
Filleted Unaudited Abridged Financial Statements
|
|
The Westbourne House (Cheltenham) Management Company Limited
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
The Westbourne House (Cheltenham) Management Company Limited
|
|
Year ended 24 March 2022
As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the year ended 24 March 2022, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED
Chartered Accountants
Midway House
Staverton Technology Park
Herrick Way, Staverton
Cheltenham, Glos.
GL51 6TQ
8 August 2022
The Westbourne House (Cheltenham) Management Company Limited
|
|
Abridged Statement of Financial Position
|
|
24 March 2022
Current assets
Debtors
|
30
|
30
|
Cash at bank and in hand
|
12,941
|
12,933
|
|
--------
|
--------
|
|
12,971
|
12,963
|
|
|
|
Creditors: amounts falling due within one year
|
8,924
|
7,386
|
|
--------
|
--------
|
Net current assets
|
4,047
|
5,577
|
|
-------
|
-------
|
Total assets less current liabilities
|
4,047
|
5,577
|
|
-------
|
-------
|
|
|
|
Capital and reserves
Called up share capital
|
30
|
30
|
Profit and loss account
|
4,017
|
5,547
|
|
-------
|
-------
|
Shareholders funds
|
4,047
|
5,577
|
|
-------
|
-------
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 24 March 2022 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 abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 24 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.
The Westbourne House (Cheltenham) Management Company Limited
|
|
Abridged Statement of Financial Position (continued)
|
|
24 March 2022
These abridged financial statements were approved by the
board of directors
and authorised for issue on
8 August 2022
, and are signed on behalf of the board by:
Company registration number:
03839086
The Westbourne House (Cheltenham) Management Company Limited
|
|
Notes to the Abridged Financial Statements
|
|
Year ended 24 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 250 Aztec West, Almondsbury, Bristol, BS32 4TR, England.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4.
Related party transactions
The company was under the control of the directors throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.