BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED 04418592 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the management and the supply of services to the owners of leasehold properties situated at Blundellsands Road West, Liverpool. Digita Accounts Production Advanced 6.30.9574.0 true true 04418592 2023-04-01 2024-03-31 04418592 2024-03-31 04418592 bus:OrdinaryShareClass1 bus:OtherShareType 2024-03-31 04418592 core:CurrentFinancialInstruments 2024-03-31 04418592 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04418592 bus:SmallEntities 2023-04-01 2024-03-31 04418592 bus:Audited 2023-04-01 2024-03-31 04418592 bus:FullAccounts 2023-04-01 2024-03-31 04418592 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04418592 bus:RegisteredOffice 2023-04-01 2024-03-31 04418592 bus:CompanySecretary1 2023-04-01 2024-03-31 04418592 bus:Director3 2023-04-01 2024-03-31 04418592 bus:Director4 2023-04-01 2024-03-31 04418592 bus:Director5 2023-04-01 2024-03-31 04418592 bus:Director6 2023-04-01 2024-03-31 04418592 bus:OrdinaryShareClass1 bus:OtherShareType 2023-04-01 2024-03-31 04418592 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04418592 countries:EnglandWales 2023-04-01 2024-03-31 04418592 2022-04-01 2023-03-31 04418592 2023-03-31 04418592 bus:OrdinaryShareClass1 bus:OtherShareType 2023-03-31 04418592 core:CurrentFinancialInstruments 2023-03-31 04418592 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04418592

BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED

Filleted Financial Statements

for the Year Ended 31 March 2024

 

BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED

Company Information

Directors

Mrs A Hennessy

Mr J A Hughes

Miss F Thomson

Mrs R Urion

Company secretary

Retirement Security Limited

Registered office

Unit 3
Wellesbourne Distribution Park
Loxley Road
Wellesbourne
Warwick
CV35 9JY

Auditors

Pennington Williams Limited
Chartered Certified Accountants and Statutory Auditors
Stanhope House
Mark Rake
Bromborough
Wirral
Merseyside
CH62 2DN

 

BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED

(Registration number: 04418592)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

2,165

1,158

Debtors

5

72,226

21,624

Cash at bank and in hand

 

117,280

190,059

 

191,671

212,841

Creditors: Amounts falling due within one year

6

(191,609)

(212,779)

Net assets

 

62

62

Capital and Reserves

 

Called up share capital

7

62

62

Shareholders' funds

 

62

62

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income & Expenditure Account.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 

.........................................
Mr J A Hughes
Director

.........................................
Mrs R Urion
Director

 

BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3
Wellesbourne Distribution Park
Loxley Road
Wellesbourne
Warwick
CV35 9JY

The principal place of business is:
19 Blundellsands Road West
Blundellsands
Liverpool
L23 6BA

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 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.

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.

The presentation currency is £ Sterling.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 22 October 2024 was Mrs Lisa Jane Bean FCCA, who signed for and on behalf of Pennington Williams Limited.

Revenue recognition

Turnover comprises amounts received in respect of services provided. Income is recognised when the service is provided. The resulting surplus for the year must agree to the Fund for future maintenance contribution budget, as set by an external surveyor and agreed with the board. Any additional surplus over the contribution budget will be due back to the owners and any deficit under the contribution budget must be made good by the owners. These are recognised in the period it relates to.

 

BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED

Notes to the Financial Statements for the Year Ended 31 March 2024

Tax

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

Current taxation 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.

Investments

Investments in shares are included at cost less impairment. Interest receivable on short term bonds is included in the income & expenditure account on an accruals basis.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Leases

Rentals payable under operating leases are charged to the Income & Expenditure Account on a straight line basis over the term of the lease.

Defined contribution pension obligation

The company operates a defined benefits contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

Financial instruments

Classification
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.
 Recognition and measurement
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income & Expenditure Account.
 

Employee Benefits

Short-term employee benefits, including holiday pay, are recognised as an expense in the Income & Expenditure Account in the period in which they are incurred.

Fund for Future Maintenance

The company has an obligation to the owners to set aside such sums of money as the Company shall reasonably require to meet such future costs as it shall reasonably expect to incur in replacing, maintaining and renewing those items which it has covenanted to replace, maintain or renew as required by the lease agreement in place with the owners. The result of income over expenditure in the period is transferred to the fund for future maintenance for these future costs to be expended from.

 

BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED

Notes to the Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 20).

4

Stocks

2024
£

2023
£

Stock

2,165

1,158

5

Debtors

Current

2024
£

2023
£

Trade debtors

24,724

17,782

Prepayments

5,178

3,837

Other debtors

42,324

5

 

72,226

21,624

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

15,453

55,800

Taxation and social security

4,633

3,486

Accruals and deferred income

18,241

24,752

Other creditors

6,500

2,296

Fund for Future Maintenance

146,782

126,445

191,609

212,779

Fund for Future Maintenance

2024
 £

2023
 £

Opening balance

126,445

222,365

Transfer of prior year deficit

21,620

-

Expenditure

(78,851)

(144,300)

Surplus

77,568

48,380

146,782

126,445

 

BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED

Notes to the Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

62

62

62

62

         

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £1,379).