REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2025 |
FOR |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2025 |
FOR |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED (REGISTERED NUMBER: 01783796) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2025 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
17 Moor Park Avenue |
Preston |
Lancashire |
PR1 6AS |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED (REGISTERED NUMBER: 01783796) |
BALANCE SHEET |
31ST MARCH 2025 |
31.3.25 | 31.3.24 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED (REGISTERED NUMBER: 01783796) |
BALANCE SHEET - continued |
31ST MARCH 2025 |
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 were approved by the Board of Directors and authorised for issue on |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED (REGISTERED NUMBER: 01783796) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2025 |
1. | STATUTORY INFORMATION |
North Park Management Company (Fulwood) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents service charges receivable from residential lessees. |
Tangible fixed assets |
Depreciation is not charged on the Land & Buildings as its residual value is greater or equal to cost. |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED (REGISTERED NUMBER: 01783796) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2025 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Basic financial assets: |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
Classification of financial liabilities: |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Basic financial liabilities: |
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
NORTH PARK MANAGEMENT COMPANY |
(FULWOOD) LIMITED (REGISTERED NUMBER: 01783796) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2025 |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1st April 2024 |
and 31st March 2025 |
NET BOOK VALUE |
At 31st March 2025 |
At 31st March 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.25 | 31.3.24 |
£ | £ |
Tax |
Accrued expenses |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.25 | 31.3.24 |
value: | £ | £ |
Ordinary | £1 | 16 | 16 |
7. | RESERVES |
Retained |
earnings |
£ |
At 1st April 2024 |
Profit for the year |
At 31st March 2025 |