Silverfin false false 28/09/2024 29/09/2023 28/09/2024 Sally Elizabeth Boulton 30/09/2022 Richard Nunn 15/08/2024 12/09/2020 Geoffrey John Wheeler 16/04/2018 24 February 2025 The principal activity of the Company during the financial year was the management of the residential property at Cliff house, Paignton. 00926536 2024-09-28 00926536 bus:Director1 2024-09-28 00926536 bus:Director2 2024-09-28 00926536 bus:Director3 2024-09-28 00926536 2023-09-28 00926536 core:CurrentFinancialInstruments 2024-09-28 00926536 core:CurrentFinancialInstruments 2023-09-28 00926536 core:ShareCapital 2024-09-28 00926536 core:ShareCapital 2023-09-28 00926536 core:RetainedEarningsAccumulatedLosses 2024-09-28 00926536 core:RetainedEarningsAccumulatedLosses 2023-09-28 00926536 core:OtherResidualIntangibleAssets 2023-09-28 00926536 core:OtherResidualIntangibleAssets 2024-09-28 00926536 core:PlantMachinery 2023-09-28 00926536 core:FurnitureFittings 2023-09-28 00926536 core:PlantMachinery 2024-09-28 00926536 core:FurnitureFittings 2024-09-28 00926536 2023-09-29 2024-09-28 00926536 bus:FilletedAccounts 2023-09-29 2024-09-28 00926536 bus:SmallEntities 2023-09-29 2024-09-28 00926536 bus:AuditExemptWithAccountantsReport 2023-09-29 2024-09-28 00926536 bus:PrivateLimitedCompanyLtd 2023-09-29 2024-09-28 00926536 bus:Director1 2023-09-29 2024-09-28 00926536 bus:Director2 2023-09-29 2024-09-28 00926536 bus:Director3 2023-09-29 2024-09-28 00926536 core:PlantMachinery 2023-09-29 2024-09-28 00926536 core:FurnitureFittings 2023-09-29 2024-09-28 00926536 2022-09-29 2023-09-28 iso4217:GBP xbrli:pure

Company No: 00926536 (England and Wales)

CLIFF HOUSE PAIGNTON MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 28 September 2024
Pages for filing with the registrar

CLIFF HOUSE PAIGNTON MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 28 September 2024

Contents

CLIFF HOUSE PAIGNTON MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 28 September 2024
CLIFF HOUSE PAIGNTON MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 September 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 5,181 6,479
5,182 6,480
Current assets
Debtors 5 2,458 209
Cash at bank and in hand 168,528 159,138
170,986 159,347
Creditors: amounts falling due within one year 6 ( 4,874) ( 5,090)
Net current assets 166,112 154,257
Total assets less current liabilities 171,294 160,737
Net assets 171,294 160,737
Capital and reserves
Called-up share capital 24 24
Profit and loss account 171,270 160,713
Total shareholders' funds 171,294 160,737

For the financial year ending 28 September 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 Cliff House Paignton Management Company Limited (registered number: 00926536) were approved and authorised for issue by the Board of Directors on 24 February 2025. They were signed on its behalf by:

Sally Elizabeth Boulton
Director
CLIFF HOUSE PAIGNTON MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 September 2024
CLIFF HOUSE PAIGNTON MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 September 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

Cliff House Paignton Management Company Limited (the Company) is a private company, limited by shares, 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 Century House, Nicholson Road, Torquay, TQ2 7TD, 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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

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

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 29 September 2023 1 1
At 28 September 2024 1 1
Accumulated amortisation
At 29 September 2023 0 0
At 28 September 2024 0 0
Net book value
At 28 September 2024 1 1
At 28 September 2023 1 1

4. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 29 September 2023 4,648 6,756 11,404
At 28 September 2024 4,648 6,756 11,404
Accumulated depreciation
At 29 September 2023 4,587 338 4,925
Charge for the financial year 15 1,283 1,298
At 28 September 2024 4,602 1,621 6,223
Net book value
At 28 September 2024 46 5,135 5,181
At 28 September 2023 61 6,418 6,479

5. Debtors

2024 2023
£ £
Prepayments and accrued income 2,458 209

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 3,683 3,683
Taxation and social security 1,191 1,407
4,874 5,090