Company registration number 10941404 (England and Wales)
27/29 MILTON STREET MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
27/29 MILTON STREET MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
27/29 MILTON STREET MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
15,367
13,770
Creditors: amounts falling due within one year
2
(1,296)
(1,195)
Net current assets
14,071
12,575
Reserves
Other funds
3
12,229
11,089
Profit and loss surplus
1,842
1,486
Total equity
14,071
12,575

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered 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 13 November 2024 and are signed on its behalf by:
Mr R Looms
Director
Company Registration No. 10941404
27/29 MILTON STREET MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

27/29 Milton Street Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Flat 4, 29 Milton Street, Saltburn by the Sea, TS12 1DJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover represents contributions due from occupants during the year.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Taxation

There is no corporation tax due as the company has applied for a corporation tax exemption with HMRC. Each year the company will generate a surplus or deficit as service charge contributions are collected to cover ongoing and future costs.

2
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,296
1,195
3
Other reserves
External fund
Internal fund
Total
£
£
£
At the beginning of the prior year
2,467
2,622
5,089
Contributions to funds
3,500
2,500
6,000
At the end of the prior year
5,967
5,122
11,089
Contributions to funds
3,500
2,500
6,000
Other movements
(3,150)
(1,710)
(4,860)
At the end of the current year
6,317
5,912
12,229
2024-06-302023-07-01true19 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr M BarberMr R LoomsMr K Dowlefalsefalse109414042023-07-012024-06-30109414042024-06-30109414042023-06-3010941404core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3010941404core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3010941404core:OtherMiscellaneousReserve2024-06-3010941404core:OtherMiscellaneousReserve2023-06-3010941404core:RetainedEarningsAccumulatedLosses2024-06-3010941404core:RetainedEarningsAccumulatedLosses2023-06-3010941404bus:Director22023-07-012024-06-3010941404core:CurrentFinancialInstruments2024-06-3010941404core:CurrentFinancialInstruments2023-06-3010941404bus:EntityHasNeverTraded2023-07-012024-06-3010941404bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010941404bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010941404bus:FRS1022023-07-012024-06-3010941404bus:AuditExemptWithAccountantsReport2023-07-012024-06-3010941404bus:Director12023-07-012024-06-3010941404bus:Director32023-07-012024-06-3010941404bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP