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Registration number: 02291279

Blyth Wood Park Management Company Limited

Filleted Annual Report and Abridged Financial Statements

for the Year Ended 25 June 2024

 

Blyth Wood Park Management Company Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Abridged Financial Statements

3 to 5

 

Blyth Wood Park Management Company Limited

Company Information

Directors

Mr P Ackroyd

Mr W J Queen

Mr L T Nichols

Mr M Steere

Ms A Harte

Company secretary

Kinleigh Limited

Registered office

KFH House
5 Compton Road
London
SW19 7QA

Accountants

Hammonds
Unit 2
2 Thayers Farm Road
Beckenham
Kent
BR3 4LZ

Auditors

HSJ Audit Limited
Statutory Auditor
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Blyth Wood Park Management Company Limited

(Registration number: 02291279)
Abridged Balance Sheet as at 25 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

139,957

137,291

Cash at bank and in hand

 

48,137

324,422

 

188,094

461,713

Prepayments and accrued income

 

3,567

31,170

Creditors: Amounts falling due within one year

(4,626)

(41,736)

Total assets less current liabilities

 

187,035

451,147

Accruals and deferred income

 

(161,386)

(154,696)

Net assets

 

25,649

296,451

Capital and reserves

 

Called up share capital

4

950

950

Capital redemption reserve

50

50

Other reserves

166,114

283,455

Retained earnings

(141,465)

11,996

Shareholders' funds

 

25,649

296,451

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................

Mr P Ackroyd
Director

 

Blyth Wood Park Management Company Limited

Notes to the Abridged Financial Statements for the Year Ended 25 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
KFH House
5 Compton Road
London
SW19 7QA

These financial statements were authorised for issue by the Board on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 21 March 2025 was Mr Andrew Hill FCCA ACA DChA BFP, who signed for and on behalf of HSJ Audit Limited.

.........................................

Revenue recognition

Service charges receivable represent the fees from the flat owners for maintenance of communal areas and for facilities provided.

Tax

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.

 

Blyth Wood Park Management Company Limited

Notes to the Abridged Financial Statements for the Year Ended 25 June 2024

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

 

Blyth Wood Park Management Company Limited

Notes to the Abridged Financial Statements for the Year Ended 25 June 2024

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

39

39

39

39

       

5

Related party transactions

Summary of transactions with entities with joint control or significant interest

As at 31 March 2024 there were balances arising due to relationships with entities under common control.
 These balances represented amounts due to the company as at the year end.
 

Income and receivables from related parties

2024

Entities with joint control or significant influence
£

Amounts receivable from related party

4,843

2023

Entities with joint control or significant influence
£

Amounts receivable from related party

4,843