Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr J P S Bianco 20/02/2017 Mr A M Schofield 20/02/2017 29 November 2024 The principal activity of Butterfield Park Management Limited is that of a service charge company. 06367659 2024-03-31 06367659 bus:Director1 2024-03-31 06367659 bus:Director2 2024-03-31 06367659 core:CurrentFinancialInstruments 2024-03-31 06367659 core:CurrentFinancialInstruments 2023-03-31 06367659 2023-03-31 06367659 2023-04-01 2024-03-31 06367659 bus:FilletedAccounts 2023-04-01 2024-03-31 06367659 bus:SmallEntities 2023-04-01 2024-03-31 06367659 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06367659 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 06367659 bus:Director1 2023-04-01 2024-03-31 06367659 bus:Director2 2023-04-01 2024-03-31 06367659 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 06367659 (England and Wales)

BUTTERFIELD PARK MANAGEMENT LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BUTTERFIELD PARK MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BUTTERFIELD PARK MANAGEMENT LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
BUTTERFIELD PARK MANAGEMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Mr J P S Bianco
Mr A M Schofield
REGISTERED OFFICE Stonecross
Trumpington High Street
Cambridge
CB2 9SU
United Kingdom
COMPANY NUMBER 06367659 (England and Wales)
ACCOUNTANT Evelyn Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
BUTTERFIELD PARK MANAGEMENT LIMITED

BALANCE SHEET

As at 31 March 2024
BUTTERFIELD PARK MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Debtors 3 54,926 35,209
Cash at bank and in hand 131,091 159,298
186,017 194,507
Creditors: amounts falling due within one year 4 ( 186,017) ( 194,507)
Net current assets 0 0
Total assets less current liabilities 0 0
Net assets 0 0
Reserves
Total reserves 0 0

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Butterfield Park Management Limited (registered number: 06367659) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

Mr J P S Bianco
Director
BUTTERFIELD PARK MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BUTTERFIELD PARK MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Butterfield Park Management Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Stonecross, Trumpington High Street, Cambridge, CB2 9SU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Butterfield Park Management Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Trade debtors 54,926 14,481
Other debtors 0 20,728
54,926 35,209

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 57,279 116,673
Accruals and deferred income 104,571 58,012
Other taxation and social security 4,345 0
Other creditors 19,822 19,822
186,017 194,507

5. Ultimate controlling party

The directors consider there to be no controlling party.