Walton Gardens Management Company Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10811423 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

WALTON GARDENS MANAGEMENT COMPANY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C Hetherington

M Smith

REGISTERED OFFICE:

Sceptre House

Sceptre Way

Bamber Bridge

Preston

Lancashire

PR5 6AW

REGISTERED NUMBER:

10811423 (England and Wales)

AUDITORS:

Fairhurst

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

CURRENT ASSETS

Debtors

4

9,742

9,742

CREDITORS

Amounts falling due within one year

5

5,242

5,242

NET CURRENT ASSETS

4,500

4,500

TOTAL ASSETS LESS CURRENT LIABILITIES

4,500

4,500

RESERVES

Sinking fund

6

4,500

4,500

4,500

4,500

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:

C Hetherington - Director

1.	STATUTORY INFORMATION

Walton Gardens Management Company Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents service charges receivable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by participating interests

9,742

9,742

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

1,242

1,242

Accrued expenses

4,000

4,000

5,242

5,242

6.

RESERVES

Income

and

expenditure

Sinking

account

fund

Totals

£

£

£

At 1 January 2022

-

4,500

4,500

Surplus for the year

-

-

At 31 December 2022

-

4,500

4,500

The Sinking fund reserve is intended to provide for the periodic repair and maintenance of the car park as specified in the lease.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jane Dennis BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst

8.	LIMITED BY GUARANTEE

The company is limited by Guarantee. The subscriber Applethwaite Limited has in the event of a winding up undertaken to contribute an amount not exceeding £1.