Waverley Court Management Company (Weymouth) Limited - Period Ending 2017-12-31

Registration number: 01144316

Waverley Court Management Company (Weymouth) Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2017

Chartered Accountants

Waverley Court Management Company (Weymouth) Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 5

Waverley Court Management Company (Weymouth) Limited

Company Information

Directors

A B McAuslane Mrs J Wray Mrs B M Digby

Registered office

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Waverley Court Management Company (Weymouth) Limited
for the Year Ended 31 December 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Waverley Court Management Company (Weymouth) Limited for the year ended 31 December 2017 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Waverley Court Management Company (Weymouth) Limited, as a body, in accordance with the terms of our engagement letter dated 11 September 2015. Our work has been undertaken solely to prepare for your approval the accounts of Waverley Court Management Company (Weymouth) Limited and state those matters that we have agreed to state to the Board of Directors of Waverley Court Management Company (Weymouth) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waverley Court Management Company (Weymouth) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Waverley Court Management Company (Weymouth) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waverley Court Management Company (Weymouth) Limited. You consider that Waverley Court Management Company (Weymouth) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Waverley Court Management Company (Weymouth) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

24 September 2018

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Waverley Court Management Company (Weymouth) Limited

(Registration number: 01144316)
Balance Sheet as at 31 December 2017

	Note	2017		2016
		£	£	£	£
Current assets
Debtors	4		1,373		1,245
Cash at bank and in hand			20,335		20,295
			21,708		21,540
Creditors: Amounts falling due within one year	5		(623)		(600)
Net assets			21,085		20,940
Capital and reserves
Depreciation fund		21,085		20,940
Profit and loss account		-		-
			21,085		20,940

For the financial year ending 31 December 2017 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 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.

Approved and authorised by the Board on 21 September 2018 and signed on its behalf by:
 

A B McAuslane

Director

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Waverley Court Management Company (Weymouth) Limited

Notes to the Financial Statements
for the Year Ended 31 December 2017

1	General information

The company is a company limited by guarantee incorporated in England and Wales.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
United Kingdom

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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 residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

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Waverley Court Management Company (Weymouth) Limited

Notes to the Financial Statements
for the Year Ended 31 December 2017

3	Company status

The company is a private company limited by guarantee 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.

4

Debtors

	2017 £	2016 £
Prepayments	1,373	1,245
	1,373	1,245

5

Creditors

	2017 £	2016 £
Due within one year
Other creditors	162	162
Accruals	461	438
	623	600

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