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REGISTERED NUMBER: 01390207 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 June 2024

for

Abbey Close (Romsey) Management Limited

Abbey Close (Romsey) Management Limited (Registered number: 01390207)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abbey Close (Romsey) Management Limited

Company Information
for the Year Ended 29 June 2024







DIRECTORS: Mr J E M Scarborough
Mrs R A Nunn
Mr K S Parsons
Mrs M P Parsons





SECRETARY: Arquero Management Limited





REGISTERED OFFICE: 14 Queensway
New Milton
BH25 5NN





REGISTERED NUMBER: 01390207 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Abbey Close (Romsey) Management Limited (Registered number: 01390207)

Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,827 10,827

CURRENT ASSETS
Debtors 5 10,609 13,757
Cash at bank and in hand 62,074 50,328
72,683 64,085
CREDITORS
Amounts falling due within one year 6 1,252 2,666
NET CURRENT ASSETS 71,431 61,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,258

72,246

CAPITAL AND RESERVES
Called up share capital 7 20 20
Capital Contribution 8 10,898 10,898
Redecoration Fund 8 52,867 47,563
General Fund 8 18,473 13,765
SHAREHOLDERS' FUNDS 82,258 72,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 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.

Abbey Close (Romsey) Management Limited (Registered number: 01390207)

Balance Sheet - continued
29 June 2024


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 14 March 2025 and were signed on its behalf by:





Mrs R A Nunn - Director


Abbey Close (Romsey) Management Limited (Registered number: 01390207)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Abbey Close (Romsey) 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 relates to service charges receivable from residents of the properties managed by the company, as determined by the directors.

Tangible fixed assets
No depreciation is provided on the freehold land.

Taxation
Current tax is recognised on taxable investment income received 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Abbey Close (Romsey) Management Limited (Registered number: 01390207)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 30 June 2023
and 29 June 2024 10,827
NET BOOK VALUE
At 29 June 2024 10,827
At 29 June 2023 10,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,609 13,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Other creditors 1,252 2,665
1,252 2,666

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary £1 £1 20 20

8. RESERVES
General Capital Redecoration
Fund Contribution Fund Totals
£    £    £    £   

At 30 June 2023 13,765 10,898 47,563 72,226
Profit for the year - -
Reserve contribution 4,700 - 4,800 9,500
Adjustment to opening service
charge balances / interest
received 8 - 504 512
At 29 June 2024 18,473 10,898 52,867 82,238