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REGISTERED NUMBER: 04410233 (England and Wales)










REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CENTRAL PARK MANAGEMENT (2002) LIMITED

CENTRAL PARK MANAGEMENT (2002) LIMITED (REGISTERED NUMBER: 04410233)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Report of the Directors 2

Independent Auditors' Report 4

Income Statement 7

Balance Sheet 8

Notes to the Financial Statements 9


CENTRAL PARK MANAGEMENT (2002) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K G Richards
R B Humphreys





SECRETARY: Manchester Professional Services Limited





REGISTERED OFFICE: Manchester Professional Services Limited
Level 5, Town Hall Extension
Albert Square
Manchester
M60 2LA





REGISTERED NUMBER: 04410233 (England and Wales)





AUDITORS: Websters
Chartered Accountants and Statutory Auditors
12 Melcombe Place
London
NW1 6JJ

CENTRAL PARK MANAGEMENT (2002) LIMITED (REGISTERED NUMBER: 04410233)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The company's principal activities comprise the control, supervision and management, on behalf of the lessees, of the site known as Central Park Business Park, Manchester. Central Park Management (2002) Limited owns the reversionary freehold interest of the shared and common areas of the development.

DIRECTORS
K G Richards has held office during the whole of the period from 1 January 2023 to the date of this report.

Other changes in directors holding office are as follows:

R B Humphreys - appointed 4 October 2023

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS
The company's Articles of Association provide, subject to the provisions of UK legislation, an indemnity for directors and officers of the company in respect of liabilities they may incur in defending certain proceedings against them.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Websters, will be proposed for re-appointment at the forthcoming Annual General Meeting.


CENTRAL PARK MANAGEMENT (2002) LIMITED (REGISTERED NUMBER: 04410233)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





K G Richards - Director


27 August 2024

INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF
CENTRAL PARK MANAGEMENT (2002) LIMITED

Opinion
We have audited the financial statements of Central Park Management (2002) Limited (the 'company') for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its result for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF
CENTRAL PARK MANAGEMENT (2002) LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

There are inherent limitations in our audit procedures. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF
CENTRAL PARK MANAGEMENT (2002) LIMITED


Use of our report
This report is made solely to the company's shareholders, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's shareholders those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's shareholders as a body, for our audit work, for this report, or for the opinions we have formed.




David Goddard (Senior Statutory Auditor)
for and on behalf of Websters
Chartered Accountants and Statutory Auditors
12 Melcombe Place
London
NW1 6JJ

4 September 2024

CENTRAL PARK MANAGEMENT (2002) LIMITED (REGISTERED NUMBER: 04410233)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   

SERVICE CHARGE RECEIVABLE 315,680 308,623

Service charge expenditure (315,360 ) (306,423 )
GROSS PROFIT 320 2,200

Administrative expenses (2,200 ) (2,200 )
OPERATING LOSS 4 (1,880 ) -

Interest receivable and similar income 2,321 -
PROFIT BEFORE TAXATION 441 -

Tax on profit (441 ) -
PROFIT FOR THE FINANCIAL YEAR - -

CENTRAL PARK MANAGEMENT (2002) LIMITED (REGISTERED NUMBER: 04410233)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 5 102,882 87,526

CREDITORS
Amounts falling due within one year 6 (102,615 ) (87,259 )
NET CURRENT ASSETS 267 267
TOTAL ASSETS LESS CURRENT
LIABILITIES

267

267

CAPITAL AND RESERVES
Called up share capital 267 267
267 267

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





K G Richards - Director


CENTRAL PARK MANAGEMENT (2002) LIMITED (REGISTERED NUMBER: 04410233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Central Park Management (2002) Limited is a private company, limited by shares , 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Service charges receivable
Service charges receivable comprises the reimbursement by the owners/occupiers of Central Park Manchester of service charge expenditure deployed by the management company.

Recognition of income
Service charges receivable are recognised based on an agreed annual budget for park management costs, which is charged to owners/occupiers on a quarterly basis. An adjustment is made for any over/underspend at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. OPERATING LOSS

Audit fees for the year were £2,200 (2022 : £2,200). These are funded as part of the service charge costs for the year.

The directors received no remuneration in respect of their services to the company for the year (2022 : £Nil).

The company had no employees during the year (2022 : None). All staff requirements were provided by Workman LLP or Workman Facilities Management Ltd.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 20,512 -
Other debtors 82,370 87,526
102,882 87,526

CENTRAL PARK MANAGEMENT (2002) LIMITED (REGISTERED NUMBER: 04410233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 87,975 74,846
Taxation and social security 441 -
Other creditors 14,199 12,413
102,615 87,259

7. UTLIMATE CONTROLLING PARTY

The Council of the City of Manchester has been the ultimate controlling party during the year, by virtue of its ownership of the 1 "A" ordinary share in the company.

CENTRAL PARK MANAGEMENT (2002) LIMITED (REGISTERED NUMBER: 04410233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. BREAKDOWN OF ANNUAL COSTS

2023
£
Service Charge Expenditure

MANAGEMENT
Management Fees 33,094.00
Accounting Fees - Service charge accounting fees 1,350.00
Accounting Fees - ManCo - audit / tax fees 650.00
Accounting Fees - ManCo - company secretarial fees 3,000.00
Site Management Resources - Staff costs 4,223.13
Site Management Resources - Site accommodation (rent / rates) 12,377.71
Site Management Resources - Help desk / call centre / information
centre


3,960.00
Professional Fees - Landlord's risk assessment / audits / reviews 3,675.00

UTILITIES
Electricity 5,040.10
Electricity - prior period adj (6,225.87 )
Water & sewerage charges 117.58

SOFT SERVICES
Security - Security guarding 148,805.37
Security - Security systems 5,480.45
Cleaning & Sustainability - Cleaning 17,848.54
Cleaning & Sustainability - Pest control 464.00
Landscaping & Environmental - External landscaping 72,454.76


HARD SERVICES
Mechanical & Electrical Services (M&E) - M&E maintenance contract 956.43
Fabric Repairs & Maintenance 341.75
Fabric Repairs & Maintenance - Car park fabric maintenance & repairs 5,206.00

INTEREST
Interest (1,880.06 )

INSURANCE
All Risks Insurance Cover - Building insurance 2,541.06


313,479.95

Company Expenditure

Administrative expenses 2,000.00
Corporation tax 200.00

315,679.95