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REGISTERED NUMBER: 02507984 (England and Wales)









38 DYKE ROAD MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 23 JUNE 2024






38 DYKE ROAD MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02507984)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


38 DYKE ROAD MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 23 JUNE 2024







DIRECTORS: Mrs R E Brewster
Ms C Kenyon
Mr B Feola





SECRETARY: Mrs R E Brewster





REGISTERED OFFICE: 38 Dyke Road
Brighton
East Sussex
BN1 3JB





REGISTERED NUMBER: 02507984 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

38 DYKE ROAD MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02507984)

BALANCE SHEET
23 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,500 4,500

CURRENT ASSETS
Debtors 5 693 8
Cash in hand 86,266 10,525
86,959 10,533
CREDITORS
Amounts falling due within one year 6 79,538 3,660
NET CURRENT ASSETS 7,421 6,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,921

11,373

RESERVES
Other reserves 1,800 1,800
Income and expenditure account 10,121 9,573
11,921 11,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 31 January 2025 and were signed on its behalf by:





Mrs R E Brewster - Director


38 DYKE ROAD MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02507984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2024


1. STATUTORY INFORMATION

38 Dyke Road Management Company Limited is a private company, limited by guarantee , 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
Revenue is measured at the fair value of the consideration received or receivable.

Revenue is recognised when demands for ground rents and management fees are raised.

Tangible fixed assets
Tangible fixed assets comprise the freehold reversion of the property 38 Dyke Road. The directors consider that the estimated realisable value of the freehold reversion on expiry of all leases granted in respect of the flats in the property will exceed the current carrying value in the accounts, and accordingly no depreciation has been provided.


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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

38 DYKE ROAD MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02507984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 23 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
reversion
£   
COST
At 24 June 2023
and 23 June 2024 4,500
NET BOOK VALUE
At 23 June 2024 4,500
At 23 June 2023 4,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 693 8

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 79,538 3,660

7. LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee. In the event of winding up the company the directors liability is limited to £1.