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REGISTERED NUMBER: 04544791 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FULWOOD PARK (PRESTON) MANAGEMENT
COMPANY LIMITED

FULWOOD PARK (PRESTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04544791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FULWOOD PARK (PRESTON) MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Ms S J Ainscough
Ms K Lawrenson





SECRETARY: D A Mitchell





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 04544791 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

FULWOOD PARK (PRESTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04544791)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £   
CURRENT ASSETS
Debtors 4 3,171 3,542
Cash at bank 35,454 43,019
38,625 46,561
CREDITORS
Amounts falling due within one year 5 16,510 13,533
NET CURRENT ASSETS 22,115 33,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,115

33,028

RESERVES
Income and expenditure account 6 22,115 33,028
22,115 33,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 13 February 2025 and were signed on its behalf by:





Ms K Lawrenson - Director


FULWOOD PARK (PRESTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04544791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Fulwood Park (Preston) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Going concern
The directors consider the budgeted expenditure for the foreseeable future to be covered by expected income from service charge contracts and the company has sufficient working capital to ensure the company continues as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Prepayments and accrued income 3,171 3,542

FULWOOD PARK (PRESTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04544791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Tax 15 15
Other creditors 15,210 12,233
Accruals and deferred income 1,285 1,285
16,510 13,533

6. RESERVES
Income
and
expenditure
account
£   

At 1 January 2024 33,028
Deficit for the year (10,913 )
At 31 December 2024 22,115