Company Registration No. 02037450 (England and Wales)
Kensington Park (milford-on-sea) Management Company Limited
Unaudited accounts
for the year ended 31 December 2024
Kensington Park (milford-on-sea) Management Company Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
25,152
17,475
Creditors: amounts falling due within one year
(6,754)
(6,553)
Net current assets
18,904
11,397
Called up share capital
31
31
Revaluation reserve
7,000
7,000
Profit and loss account
11,873
4,366
Shareholders' funds
18,904
11,397
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
J D James
Director
Company Registration No. 02037450
Kensington Park (milford-on-sea) Management Company Limited
Notes to the Accounts
for the year ended 31 December 2024
Kensington Park (milford-on-sea) Management Company Limited is a private company, limited by shares, registered in England and Wales, registration number 02037450. The registered office is 32 Kensington Park, Milford On Sea, Lymington, Hampshire, SO41 0WD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
Accrued income and prepayments
506
475
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,634
5,815
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).