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REGISTERED NUMBER: 01591489 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

UNIVERSITY CLOSE MANAGEMENT LIMITED

UNIVERSITY CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 01591489)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIVERSITY CLOSE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: A Hackett
M Popplewell
R Segalov





SECRETARY: D I Tunstall





REGISTERED OFFICE: 1 University Close
Bushey
Hertfordshire
WD23 3AL





REGISTERED NUMBER: 01591489 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

UNIVERSITY CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 01591489)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 900 900

CURRENT ASSETS
Debtors 5 1,966 1,769
Cash at bank and in hand 22,708 20,852
24,674 22,621
CREDITORS
Amounts falling due within one year 6 1,043 933
NET CURRENT ASSETS 23,631 21,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,531

22,588

RESERVES
Income and expenditure account 24,531 22,588
24,531 22,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

UNIVERSITY CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 01591489)

BALANCE SHEET - continued
31ST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2025 and were signed on its behalf by:





M Popplewell - Director


UNIVERSITY CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 01591489)

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


1. STATUTORY INFORMATION

University Close 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 service charges receivable from property owners, as per the Income and Expenditure note below.

Tangible fixed assets
Land and buildings are shown at cost less any accumulated depreciation and any accumulated impairment losses.

Land and buildings are depreciated over their estimated useful economic life after taking the residual value of the assets into consideration. The directors consider the residual value of the company's land and buildings to be in excess of the original cost and consequently no depreciation is provided.

The residual value of the company's assets and whether the value has been impaired are considered by thedirectors on an annual basis.

Income and expenditure
The company has no income or expenditure in its own right, with all transactions in the year being related to the maintenance of the communal parts of the property known as University Close. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st January 2024
and 31st December 2024 900
NET BOOK VALUE
At 31st December 2024 900
At 31st December 2023 900

UNIVERSITY CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 01591489)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,966 1,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,043 933