IRIS Accounts Production v24.3.2.46 07294397 Board of Directors 29.9.23 28.9.24 28.9.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072943972023-09-28072943972024-09-28072943972023-09-292024-09-28072943972022-09-28072943972022-09-292023-09-28072943972023-09-2807294397ns15:EnglandWales2023-09-292024-09-2807294397ns14:PoundSterling2023-09-292024-09-2807294397ns10:Director12023-09-292024-09-2807294397ns10:PrivateLimitedCompanyLtd2023-09-292024-09-2807294397ns10:SmallEntities2023-09-292024-09-2807294397ns10:AuditExemptWithAccountantsReport2023-09-292024-09-2807294397ns10:SmallCompaniesRegimeForDirectorsReport2023-09-292024-09-2807294397ns10:SmallCompaniesRegimeForAccounts2023-09-292024-09-2807294397ns10:FullAccounts2023-09-292024-09-2807294397ns10:OrdinaryShareClass12023-09-292024-09-2807294397ns10:Director22023-09-292024-09-2807294397ns10:CompanySecretary12023-09-292024-09-2807294397ns10:RegisteredOffice2023-09-292024-09-2807294397ns5:CurrentFinancialInstruments2024-09-2807294397ns5:CurrentFinancialInstruments2023-09-2807294397ns5:Non-currentFinancialInstruments2024-09-2807294397ns5:Non-currentFinancialInstruments2023-09-2807294397ns5:ShareCapital2024-09-2807294397ns5:ShareCapital2023-09-2807294397ns5:RetainedEarningsAccumulatedLosses2024-09-2807294397ns5:RetainedEarningsAccumulatedLosses2023-09-2807294397ns5:LandBuildings2023-09-2807294397ns5:LandBuildings2023-09-292024-09-2807294397ns5:LandBuildings2024-09-2807294397ns5:LandBuildings2023-09-2807294397ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-2807294397ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-2807294397ns5:Non-currentFinancialInstruments2023-09-292024-09-2807294397ns10:OrdinaryShareClass12024-09-28
REGISTERED NUMBER: 07294397 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2024

FOR

LIBRARY MEWS (POOLE) MANAGEMENT
LIMITED

LIBRARY MEWS (POOLE) MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 SEPTEMBER 2024







DIRECTORS: E Webber
M W Golding





SECRETARY: A J Mellery-Pratt





REGISTERED OFFICE: Rebbeck Brothers
10 Exeter Road
Bournemouth
Dorset
BH2 5AN





REGISTERED NUMBER: 07294397 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

LIBRARY MEWS (POOLE) MANAGEMENT
LIMITED (REGISTERED NUMBER: 07294397)

BALANCE SHEET
28 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,400 17,866

CURRENT ASSETS
Debtors 5 262 612
Cash at bank 61,915 36,048
62,177 36,660
CREDITORS
Amounts falling due within one year 6 4,012 332
NET CURRENT ASSETS 58,165 36,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,565

54,194

CREDITORS
Amounts falling due after more than one
year

7

31,264

31,264
NET ASSETS 40,301 22,930

CAPITAL AND RESERVES
Called up share capital 8 12 12
Retained earnings 40,289 22,918
SHAREHOLDERS' FUNDS 40,301 22,930

LIBRARY MEWS (POOLE) MANAGEMENT
LIMITED (REGISTERED NUMBER: 07294397)

BALANCE SHEET - continued
28 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 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 profit or loss 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 3 February 2025 and were signed on its behalf by:





E Webber - Director


LIBRARY MEWS (POOLE) MANAGEMENT
LIMITED (REGISTERED NUMBER: 07294397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024


1. STATUTORY INFORMATION

Library Mews (Poole) Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover represents ground rents and parking space rents demanded for the period.

Tangible fixed assets
Fixed assets are initially recorded at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

LIBRARY MEWS (POOLE) MANAGEMENT
LIMITED (REGISTERED NUMBER: 07294397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 29 September 2023 17,866
Write down (4,466 )
At 28 September 2024 13,400
NET BOOK VALUE
At 28 September 2024 13,400
At 28 September 2023 17,866

The freehold property has been written down to a nil value in respect of the 13 flats (out of 18) that have either participated in the freehold purchase and/or been granted new long leases. The value in respect of those flats is in the long leases rather than the original cost to the company of acquiring the freehold.

During the year one of the 4 remaining non participator extended their lease and the freehold value carried forward is equivalent to the remaining 3 non participators

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Rent arrears 250 600
Sundry debtors 12 12
262 612

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 3,819 146
Sundry creditors and accruals 193 186
4,012 332

LIBRARY MEWS (POOLE) MANAGEMENT
LIMITED (REGISTERED NUMBER: 07294397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Members loans for freehold
purchase 31,264 31,264
31,264 31,264

The 11 original members provided funds for the company to acquire the freehold reversion of the property and for the right to extend their leases. Those members also loaned funds to the company in respect of the 7 non participators share. The loans are interest free and are repayable on demand.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12 Ordinary £1 12 12

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LIBRARY MEWS (POOLE) MANAGEMENT
LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Library Mews (Poole) Management Limited for the year ended 28 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Library Mews (Poole) Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Library Mews (Poole) Management Limited and state those matters that we have agreed to state to the Board of Directors of Library Mews (Poole) Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Library Mews (Poole) Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Library Mews (Poole) Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Library Mews (Poole) Management Limited. You consider that Library Mews (Poole) Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Library Mews (Poole) Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


3 February 2025