Weller Court (Whalley Range) Management Co Limited - Period Ending 2018-12-31

Weller Court (Whalley Range) Management Co Limited - Period Ending 2018-12-31


Weller Court (Whalley Range) Management Co Limited05221592false2018-01-012018-12-312018-12-31The principal activity of the company is property managementDigita Accounts Production Advanced 6.24.8820.0Softwaretrue052215922018-01-012018-12-31052215922018-12-3105221592core:RetainedEarningsAccumulatedLosses2018-12-3105221592core:CurrentFinancialInstrumentscore:WithinOneYear2018-12-3105221592core:FurnitureFittingsToolsEquipment2018-12-3105221592bus:SmallEntities2018-01-012018-12-3105221592bus:AuditExemptWithAccountantsReport2018-01-012018-12-3105221592bus:AbridgedAccounts2018-01-012018-12-3105221592bus:SmallCompaniesRegimeForAccounts2018-01-012018-12-3105221592bus:RegisteredOffice2018-01-012018-12-3105221592bus:CompanySecretary12018-01-012018-12-3105221592bus:Director12018-01-012018-12-3105221592bus:CompanyLimitedByGuarantee2018-01-012018-12-3105221592core:FurnitureFittings2018-01-012018-12-3105221592core:FurnitureFittingsToolsEquipment2018-01-012018-12-3105221592countries:AllCountries2018-01-012018-12-31052215922017-12-3105221592core:FurnitureFittingsToolsEquipment2017-12-31052215922017-12-3105221592core:RetainedEarningsAccumulatedLosses2017-12-3105221592core:CurrentFinancialInstrumentscore:WithinOneYear2017-12-3105221592core:FurnitureFittingsToolsEquipment2017-12-31iso4217:GBP

Registration number: 05221592

Weller Court (Whalley Range) Management Co Limited

(A company limited by guarantee)

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2018

Shacter Cohen & Bor LLP
31 Sackville Street
Manchester
M1 3LZ

 

Weller Court (Whalley Range) Management Co Limited

Contents

Company Information

1

Abridged Statement of Financial Position

2 to 3

Notes to the Abridged Financial Statements

4 to 5

 

Weller Court (Whalley Range) Management Co Limited

Company Information

Director

Mr G Long

Company secretary

Mr A Grainge

Registered office

31 Sackville Street
Manchester
M1 3LZ

Accountants

Shacter Cohen & Bor LLP
31 Sackville Street
Manchester
M1 3LZ

 

Weller Court (Whalley Range) Management Co Limited

(Registration number: 05221592)
Abridged Statement of Financial Position as at 31 December 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

3

2,400

3,600

Current assets

 

Debtors

11,870

10,514

Cash at bank and in hand

 

5,044

3,006

 

16,914

13,520

Prepayments and accrued income

 

852

852

Creditors: Amounts falling due within one year

(8,796)

(3,297)

Net current assets

 

8,970

11,075

Total assets less current liabilities

 

11,370

14,675

Accruals and deferred income

 

(3,615)

(6,500)

Net assets

 

7,755

8,175

Capital and reserves

 

Profit and loss account

7,755

8,175

Total equity

 

7,755

8,175

For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

 

Weller Court (Whalley Range) Management Co Limited

(Registration number: 05221592)
Abridged Statement of Financial Position as at 31 December 2018

Approved and authorised by the director on 16 August 2019
 

.........................................

Mr G Long
Director

 

Weller Court (Whalley Range) Management Co Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2018

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
31 Sackville Street
Manchester
M1 3LZ

These financial statements were authorised for issue by the director on 16 August 2019.

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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% Straight line

 

Weller Court (Whalley Range) Management Co Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2018

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2018

4,800

4,800

At 31 December 2018

4,800

4,800

Depreciation

At 1 January 2018

1,200

1,200

Charge for the year

1,200

1,200

At 31 December 2018

2,400

2,400

Carrying amount

At 31 December 2018

2,400

2,400

At 31 December 2017

3,600

3,600

4

Share capital