IRVING MEWS MANAGEMENT COMPANY LIMITED

Company Registration Number:
03114115 (England and Wales)

Unaudited statutory accounts for the year ended 24 June 2024

Period of accounts

Start date: 25 June 2023

End date: 24 June 2024

IRVING MEWS MANAGEMENT COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 24 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

IRVING MEWS MANAGEMENT COMPANY LIMITED

Directors' report period ended 24 June 2024

The directors present their report with the financial statements of the company for the period ended 24 June 2024

Principal activities of the company

The principal activity of the company is the provision of services to the owners of properties in Irving Mews, Islington. Each property in the mews is the subject of a lease to which the company is a party and which defines its rights and responsibilities.



Directors

The directors shown below have held office during the whole of the period from
25 June 2023 to 24 June 2024

G Arnold
M Barnard


Secretary G Arnold

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 March 2025

And signed on behalf of the board by:
Name: G Arnold
Status: Secretary

IRVING MEWS MANAGEMENT COMPANY LIMITED

Profit And Loss Account

for the Period Ended 24 June 2024

2024 2023


£

£
Turnover: 323,818 282,565
Cost of sales: ( 323,818 ) ( 282,565 )
Gross profit(or loss): 0 0
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

IRVING MEWS MANAGEMENT COMPANY LIMITED

Balance sheet

As at 24 June 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 25,451 88,402
Total current assets: 25,451 88,402
Creditors: amounts falling due within one year: 4 ( 25,425 ) ( 88,376 )
Net current assets (liabilities): 26 26
Total assets less current liabilities: 26 26
Total net assets (liabilities): 26 26
Capital and reserves
Called up share capital: 26 26
Total Shareholders' funds: 26 26

The notes form part of these financial statements

IRVING MEWS MANAGEMENT COMPANY LIMITED

Balance sheet statements

For the year ending 24 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 March 2025
and signed on behalf of the board by:

Name: G Arnold
Status: Director

The notes form part of these financial statements

IRVING MEWS MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 24 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable in respect of the provision of services to the owners of properties in Irving Mews, Islington. Cost of sales represents the cost of providing those services.

    Other accounting policies

    The financial statements are prepared under the historical cost convention.

IRVING MEWS MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 24 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

    Each of the directors holding office at 24 June 2024 is a lessee of a property in Irving Mews, Islington and receives services from the company on the same basis as every other lessee. None of the directors were otherwise interested in any transaction of the company during the year or the comparative period. No director received any remuneration or any other benefit from the company during the year or the comparative period. The company had no employees at any time during the current year or the comparative period.

IRVING MEWS MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 24 June 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 25,451 88,402
Total 25,451 88,402

Debtors include £22,288 (2023: £82,356) due to the company from service charge funds subject to section 42 Landlord and Tenant Act 1987 and £3,163 (2023: £6,046) due from third parties.

IRVING MEWS MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 24 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 25,425 88,376
Total 25,425 88,376

Creditors include £Nil (2023: £Nil) due from the company to service charge funds subject to section 42 Landlord and Tenant Act 1987 and £25,425 (2023: £88,376) due to third parties. Other creditors and accruals include a provision for income tax of £1,208 (2023: £549).

IRVING MEWS MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 24 June 2024

5. Off balance sheet arrangements

By virtue of section 42, Landlord and Tenant Act 1987, the company holds cash balances in trust for the benefit of lessees of flats in Irving Mews. At 24 June 2024 the total of these balances was £261,190 (2023: £514,765) of which £213,955 (2023: £468,170) was held by Drivers & Norris Limited in accounts with National Westminster Bank plc. The balance was held by the company in an account with Barclays Bank PLC. As the company has no beneficial interest in these funds they are not included in the company’s financial statements. Contingent liability On 15 January 2024, Arun Associates Limited, Chartered Surveyors lodged a claim in the County Court for £9,918 including court fees in respect of advice and contract administration services. The claim was subsequently reduced to £8,107 and was struck out on 29 October 2024 on procedural grounds. The claimant has verbally indicated that they intend to resubmit the claim but have not yet done so. No provision is included in these accounts for any amount in respect of this matter.