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REGISTERED NUMBER: 01783796 (England and Wales)


















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: E Crawley
J T Regan
H I Ross





SECRETARY: J T Regan





REGISTERED OFFICE: 29a Chapman Road
Fulwood
Preston
Lancashire
PR2 8WR





REGISTERED NUMBER: 01783796 (England and Wales)





ACCOUNTANTS: SBCA Chartered 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 4 800 800

CURRENT ASSETS
Cash at bank and in hand 31,973 29,063

CREDITORS
Amounts falling due within one year 5 (576 ) (556 )
NET CURRENT ASSETS 31,397 28,507
TOTAL ASSETS LESS CURRENT LIABILITIES 32,197 29,307

CAPITAL AND RESERVES
Called up share capital 6 16 16
Retained earnings 7 32,181 29,291
SHAREHOLDERS' FUNDS 32,197 29,307

NORTH PARK MANAGEMENT COMPANY
(FULWOOD) LIMITED (REGISTERED NUMBER: 01783796)

BALANCE SHEET - continued
31ST MARCH 2025


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th April 2025 and were signed on its behalf by:





H I Ross - Director


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 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 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 3 (2024 - 3 ) .

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 800
NET BOOK VALUE
At 31st March 2025 800
At 31st March 2024 800

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Tax 57 51
Accrued expenses 519 505
576 556

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
16 Ordinary £1 16 16

7. RESERVES
Retained
earnings
£   

At 1st April 2024 29,291
Profit for the year 2,890
At 31st March 2025 32,181