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REGISTERED NUMBER: 05260056 (England and Wales)















MINSTER LODGE (RAMSGATE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






MINSTER LODGE (RAMSGATE) LIMITED (REGISTERED NUMBER: 05260056)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MINSTER LODGE (RAMSGATE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: M Hart





SECRETARY: M Hart





REGISTERED OFFICE: Flat 10 Minster Lodge
Edith Road
Ramsgate
Kent
CT11 0EN





REGISTERED NUMBER: 05260056 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

MINSTER LODGE (RAMSGATE) LIMITED (REGISTERED NUMBER: 05260056)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,105 5,105

CURRENT ASSETS
Debtors 5 17,832 13,850
Cash at bank 6 9,121 10,899
26,953 24,749
CREDITORS
Amounts falling due within one year 7 (620 ) (907 )
NET CURRENT ASSETS 26,333 23,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,438

28,947

CAPITAL AND RESERVES
Called up share capital 12 12
Capital reserve 8 5,105 5,105
Major repairs reserve 8 26,321 23,830
SHAREHOLDERS' FUNDS 31,438 28,947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 30 April 2025 and were signed by:





M Hart - Director


MINSTER LODGE (RAMSGATE) LIMITED (REGISTERED NUMBER: 05260056)

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

1. STATUTORY INFORMATION

Minster Lodge (Ramsgate) 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 represents the amount of maintenance charges recoverable from the lessees.

Tangible fixed assets
The Company owns the freehold of Minster Lodge and the Directors are of the opinion that the open market value of the asset is equal to or greater than the original cost. For this reason no depreciation has been provided.

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. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2023
and 31 October 2024 5,105
NET BOOK VALUE
At 31 October 2024 5,105
At 31 October 2023 5,105

MINSTER LODGE (RAMSGATE) LIMITED (REGISTERED NUMBER: 05260056)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amount held by managing agents 17,832 13,850

6. CASH AT BANK

The balance of service charge monies at the balance sheet date are held in trust in a ring-fenced bank account per Section 42 of the Landlord and Tenants Act 1987. At the balance sheet date these funds were held at the following bank:

HML Group Client Account re Minster Lodge

Held at: Barclays Bank

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Maintenance contributions 620 907

8. RESERVES
Major
Retained Capital repairs
earnings reserve reserve Totals
£    £    £    £   

At 1 November 2023 - 5,105 23,830 28,935
Profit for the year - -
Surplus in the year - - 2,491 2,491
At 31 October 2024 - 5,105 26,321 31,426