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REGISTERED NUMBER: 01835727 (England and Wales)











HOLMBURY PARK MANAGEMENT COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






HOLMBURY PARK MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01835727)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


HOLMBURY PARK MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Dr R Vella
S D Powell





SECRETARY: Prior Estates Limited





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 01835727 (England and Wales)





AUDITORS: Berringers LLP
Chartered Accountants
and Statutory Auditors
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

HOLMBURY PARK MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01835727)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 18,710 11,655
Cash at bank and in hand 50,289 56,614
68,999 68,269
CREDITORS
Amounts falling due within one year 5 8,774 9,479
NET CURRENT ASSETS 60,225 58,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,225

58,790

CAPITAL AND RESERVES
Called up share capital 32 32
Retained earnings 60,193 58,758
SHAREHOLDERS' FUNDS 60,225 58,790

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 5 September 2024 and were signed on its behalf by:





Dr R Vella - Director


HOLMBURY PARK MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01835727)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Holmbury Park Management Company 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 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 maintenance contributions and a small amount of sundry receipts.


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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,048 7,104
Other debtors 4,662 4,551
18,710 11,655

HOLMBURY PARK MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01835727)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,943 7,084
Taxation and social security 99 -
Other creditors 3,732 2,395
8,774 9,479

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

The Report of the auditors was unqualified.

Paul Allan BSocSc ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP

7. CASH BALANCE

The cash balance representing service charge monies received by a residential management company in accordance with the terms of the lease agreement are held in a statutory trust under Section 42 of the Landlord and Tenant Act 1987. It is not an asset of the company, however, until the overall correct accounting treatment of residential management companies has been resolved in FRS 102, it remains in the balance sheet.