Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr K R Horsfall Mrs N Houghton Mr R E Hygate 19 January 2025 The principle activity of the Company during the financial year was that of property management. 06215966 2024-04-30 06215966 core:CurrentFinancialInstruments 2024-04-30 06215966 core:CurrentFinancialInstruments 2023-04-30 06215966 2023-04-30 06215966 core:OtherCapitalReserve 2024-04-30 06215966 core:OtherCapitalReserve 2023-04-30 06215966 core:RetainedEarningsAccumulatedLosses 2024-04-30 06215966 core:RetainedEarningsAccumulatedLosses 2023-04-30 06215966 2023-05-01 2024-04-30 06215966 bus:FilletedAccounts 2023-05-01 2024-04-30 06215966 bus:SmallEntities 2023-05-01 2024-04-30 06215966 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06215966 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 06215966 bus:Director1 2023-05-01 2024-04-30 06215966 bus:Director2 2023-05-01 2024-04-30 06215966 bus:Director3 2023-05-01 2024-04-30 06215966 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 06215966 (England and Wales)

THE SIDINGS MANAGEMENT COMPANY (TRURO) LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

THE SIDINGS MANAGEMENT COMPANY (TRURO) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

THE SIDINGS MANAGEMENT COMPANY (TRURO) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
THE SIDINGS MANAGEMENT COMPANY (TRURO) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Debtors 3 12,004 9,422
Cash at bank and in hand 1,991 8,177
13,995 17,599
Creditors: amounts falling due within one year 4 ( 9,911) ( 9,102)
Net current assets 4,084 8,497
Total assets less current liabilities 4,084 8,497
Net assets 4,084 8,497
Reserves
Other reserves 0 4,687
Profit and loss account 4,084 3,810
Total reserves 4,084 8,497

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The Sidings Management Company (Truro) Limited (registered number: 06215966) were approved and authorised for issue by the Board of Directors on 19 January 2025. They were signed on its behalf by:

Mr R E Hygate
Director
THE SIDINGS MANAGEMENT COMPANY (TRURO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
THE SIDINGS MANAGEMENT COMPANY (TRURO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

The Sidings Management Company (Truro) 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 Chy Nyverow C/O Bishop Fleming, Newham Road, Truro, TR1 2DP, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Trade debtors 9,088 8,222
Prepayments 2,916 1,200
12,004 9,422

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 246 214
Accruals and deferred income 9,482 8,144
Other creditors 183 744
9,911 9,102

5. Liability of members

The members of the The Sidings Management Company (Truro) Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

6. Reserves

The profit and loss account represents accumulated profit reserves of the company. Other reserves represent funds in respect of a sinking fund, which are held towards infrequent and longer term maintenance projects.