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UPPER MULGRAVE ROAD, MANAGEMENT COMPANY
LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 25TH DECEMBER 2024






UPPER MULGRAVE ROAD, MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 01631690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25TH DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UPPER MULGRAVE ROAD, MANAGEMENT COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 25TH DECEMBER 2024







DIRECTORS: Mrs L Barber
Miss L Kuzuk





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 01631690 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

UPPER MULGRAVE ROAD, MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 01631690)

BALANCE SHEET
25TH DECEMBER 2024

25.12.24 25.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 48,051 51,364
Cash at bank 5 30,484 23,869
78,535 75,233
CREDITORS
Amounts falling due within one year 6 44,732 42,611
NET CURRENT ASSETS 33,803 32,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,803

32,622

CAPITAL AND RESERVES
Called up share capital 7 800 800
Maintenance Reserve 8 30,000 30,000
Retained earnings 8 3,003 1,822
SHAREHOLDERS' FUNDS 33,803 32,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th 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 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.

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 28th February 2025 and were signed on its behalf by:





Mrs L Barber - Director


UPPER MULGRAVE ROAD, MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 01631690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25TH DECEMBER 2024

1. STATUTORY INFORMATION

Upper Mulgrave Road, Management Company 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 comprises the amounts received in respect of maintenance charges for the year and also administration charges levied in respect of solicitors costs, provision of replacement permits etc.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.12.24 25.12.23
£    £   
Service charges in arrears 34,577 39,238
Amounts owed by associates 1,075 1,160
Prepayments 12,399 10,966
48,051 51,364

5. CASH AT BANK


UPPER MULGRAVE ROAD, MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 01631690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25TH DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.12.24 25.12.23
£    £   
Service charges in advance 42,841 40,800
Tax 139 59
Other creditors 1,752 1,752
44,732 42,611

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 25.12.24 25.12.23
value: £    £   
80 ordinary £10 800 800

8. RESERVES
Retained Maintenance
earnings Reserve Totals
£    £    £   

At 26th December 2023 1,822 30,000 31,822
Profit for the year 1,181 1,181
At 25th December 2024 3,003 30,000 33,003

The maintenance reserve fund has been established to provide funds to meet the costs of major repairs and scheduled works to the property. Any shortfall in these funds resulting from expenditure incurred will be charged to the Income and Expenditure account in that year.

9. CASH AT BANK AND IN HAND

Monies shown under the heading "Cash at Bank and In Hand" represent the balance of service charge monies held on trust of lessees in accordance with s42 Landlord and Tenant Act 1987. The accounts represent a current and deposit account held with Metro bank.