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Registration number: 00759263

Newton Park Mansions (Leeds) Management Co Ltd

Unaudited Abridged Financial Statements

(Companies House version)

for the Year Ended 30 September 2024

 

Newton Park Mansions (Leeds) Management Co Ltd

Contents

Accountants' Report

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Newton Park Mansions (Leeds) Management Co Ltd
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Newton Park Mansions (Leeds) Management Co Ltd for the year ended 30 September 2024 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Newton Park Mansions (Leeds) Management Co Ltd, as a body, in accordance with the terms of our engagement letter dated 16 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of Newton Park Mansions (Leeds) Management Co Ltd and state those matters that we have agreed to state to the Board of Directors of Newton Park Mansions (Leeds) Management Co Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newton Park Mansions (Leeds) Management Co Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Newton Park Mansions (Leeds) Management Co Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Newton Park Mansions (Leeds) Management Co Ltd. You consider that Newton Park Mansions (Leeds) Management Co Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Newton Park Mansions (Leeds) Management Co Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

2 April 2025

 

Newton Park Mansions (Leeds) Management Co Ltd

(Registration number: 00759263)
Abridged Balance Sheet as at 30 September 2024

Note

2024

2023

   

£

£

£

£

Current assets

   

 

Debtors

 

-

 

243

Cash at bank and in hand

   

398

 

955

   

398

 

1,198

Creditors: Amounts falling due within one year

 

(463)

 

(710)

Net (liabilities)/assets

   

(65)

 

488

Capital and reserves

   

 

Called up share capital

100

 

100

 

Other reserves

(165)

 

388

 

Total (deficit)/equity

   

(65)

 

488

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 April 2025 and signed on its behalf by:
 

.........................................
Mr N Balfour
Company secretary and director

 

Newton Park Mansions (Leeds) Management Co Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Newton Park Mansions
St. Marys Road
Leeds
West Yorkshire
LS7 3JX

These financial statements were authorised for issue by the Board on 2 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.


The company reflects all income and expenditure equally in the statutory accounts whether received as company transactions or incurred on trust on behalf of tenants.

Going concern

The balance sheet shows a deficit of £65 as at the balance sheet date. The shareholders have signified their willingness to support the company and therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Newton Park Mansions (Leeds) Management Co Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

During the year, the average number of employees at the company was 4 (2023 - 4).

4

Reserves

Other reserves represent amounts set aside in accordance with Clause 17 of Schedule 3 of the leases and Clause 25 of the Companys Articles of Association, as a provision for future costs and should not be regarded as a sum required to meet future costs in full, but merely as a contribution to such costs.