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REGISTERED NUMBER: 12259004 (England and Wales)















HOMESTEADS (HUNSTANTON) MANAGEMENT
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






HOMESTEADS (HUNSTANTON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 12259004)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


HOMESTEADS (HUNSTANTON) MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr A W Spence
Mrs H J Danson





REGISTERED OFFICE: 20 Kings Lynn Road
Hunstanton
Norfolk
PE36 5HP





BUSINESS ADDRESS: The Homestead
29 Sandringham Road
Hunstanton
Norfolk
PE36 5DP





REGISTERED NUMBER: 12259004 (England and Wales)






HOMESTEADS (HUNSTANTON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 12259004)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 30 30

CURRENT ASSETS
Cash at bank 2,879 2,348

CREDITORS
Amounts falling due within one year 5 2,015 1,200
NET CURRENT ASSETS 864 1,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

894

1,178

RESERVES
Income and expenditure account 894 1,178
894 1,178

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.

HOMESTEADS (HUNSTANTON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 12259004)

BALANCE SHEET - continued
31 DECEMBER 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 19 March 2025 and were signed on its behalf by:





Mr A W Spence - Director


HOMESTEADS (HUNSTANTON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 12259004)

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

1. STATUTORY INFORMATION

Homesteads (Hunstanton) Management 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 represents invoiced and accrued service charges and other reimbursed expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 30
NET BOOK VALUE
At 31 December 2024 30
At 31 December 2023 30

The Investment Property consists of the freehold known as The Homestead which contains 7 flats each of which have been granted a 999 year lease of which there is still 986 years to run at the balance sheet date.

The directors consider the market value of the Investment Property being the freehold reversionary interest to be of negligible value and hence consider the fair value to be equivalent to the original cost of £30 as at 31 December 2021.

HOMESTEADS (HUNSTANTON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 12259004)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Payments in advance 815 -
Accruals 1,200 1,200
2,015 1,200

6. GENERAL INFORMATION

Residential Management Company Status
The service charges received by the company are solely derived from the tenants who are also members of the company.

Under Section 42 Landlord and Tenant Act 1987 funds received from tenants as variable service charges are held under a statutory trust, and, accordingly, these funds, being held for the benefit of the tenants, are held by the company in the company's bank account.

In the opinion of the directors, the company's activities are fully mutual, and for this reason, it is considered that there is no requirement for a separate bank account, outside the company, to be set up in which to hold surplus funds.

7. GUARANTORS

The company is limited by guarantee. The liability of each member as per the Memorandum and Articles of Association is limited to £1 .