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REGISTERED NUMBER: 03150620 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

STUDIO WAY (BOREHAMWOOD) MANAGEMENT
COMPANY LIMITED

STUDIO WAY (BOREHAMWOOD) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03150620)






Contents of the Financial Statements
for the year ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STUDIO WAY (BOREHAMWOOD) MANAGEMENT
COMPANY LIMITED

Company Information
for the year ended 31 January 2025







DIRECTOR: J Brooke





SECRETARY: J Brooke





REGISTERED OFFICE: 9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX





REGISTERED NUMBER: 03150620 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

STUDIO WAY (BOREHAMWOOD) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03150620)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
ASSETS

CURRENT ASSETS
Debtors 4 6,013 6,796
Cash at bank 6,698 5,078
12,711 11,874

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 5 4,644 4,644
4,656 4,656

CREDITORS
Amounts falling due within one year 6 901 841
Amounts falling due after more than one
year

7

7,154

6,377
8,055 7,218
12,711 11,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 9 April 2025 and were signed by:





J Brooke - Director


STUDIO WAY (BOREHAMWOOD) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03150620)

Notes to the Financial Statements
for the year ended 31 January 2025

1. STATUTORY INFORMATION

Studio Way (Borehamwood) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 management charges receivable and is recognised when due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 728 1,828
Other debtors 5,285 4,968
6,013 6,796

Prepayments of £5,285 (2024 £4,968) represents buildings, directors and officers insurance paid in advance at 31st January 2025.

The buildings insurance premium paid for the year 1 November 2024 to 31 October 2025 was £6,867 with £5,150 (2024 £4,875) paid in advance for the nine months to 31st October 2025.

The directors and officers insurance paid for the year 24 April 2024 to 23 April 2025 was £411 with £135 (2024 £92) paid in advance for the three months to 23 April 2025.

5. RESERVES
Retained
earnings
£   

At 1 February 2024 4,644
Profit for the year -
At 31 January 2025 4,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 901 841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 7,154 6,377

STUDIO WAY (BOREHAMWOOD) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03150620)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

8. ADMINISTRATION EXPENSES

The Company wishes to remind Members that the Company Secretary will be reimbursed for Administration Costs including, but not limited to, administrations costs involved in the sale and purchase transactions each time a flat changes hands or mortgage facility; as well as associated costs relating to any insurance claims.

9. PROPERTY MAINTENANCE

It must be made clear to all shareholders that the Directors, of Studio Way (Borehamwood) Management Company Limited, have given advice, in the best interests of all shareholders, pointing out it is essential both properties are continually well maintained, and as the buildings age additional works will be required to ensure the properties continue to be kept in good order.

The Directors cannot be held responsible, for the lack of maintenance on the properties, when shareholder/owner refuses to pay the necessary costs, in order to facilitate essential maintenance, and any additional costs incurred as a result of Owners refusing to financially support maintenance programmes.

All owners have a responsibility to maintain their own properties, namely areas which are not part of the "common property", which includes, but is not limited to windows and window frames. For ground floor properties this includes doors, door frames and windows which give access to the outside of the property.

The directors have a responsibility, to the Company, to pursue and where necessary, and will register any arrears in Service Charges with the appropriate bodies through the Courts. It is a requirement that all service charges are paid on the first of the month by Standing Order.

The Monthly Maintenance fee will be reviewed annually, however, should unforeseen works need to be undertaken, then the Directors reserve the right to issue the appropriate levy to cover such costs and retain sufficient funds in Studio Way [Borehamwood] Management Company Ltd to cover general works.