Town Mills Flats Limited 01596924 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of management services on behalf of the leaseholders of flats in Town Mills, Newbury. Digita Accounts Production Advanced 6.30.9574.0 true true 01596924 2024-01-01 2024-12-31 01596924 2024-12-31 01596924 bus:OrdinaryShareClass1 2024-12-31 01596924 core:CurrentFinancialInstruments 2024-12-31 01596924 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01596924 bus:SmallEntities 2024-01-01 2024-12-31 01596924 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01596924 bus:FilletedAccounts 2024-01-01 2024-12-31 01596924 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01596924 bus:RegisteredOffice 2024-01-01 2024-12-31 01596924 bus:Chairman 2024-01-01 2024-12-31 01596924 bus:CompanySecretary2 2024-01-01 2024-12-31 01596924 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 01596924 bus:Director10 2024-01-01 2024-12-31 01596924 bus:Director5 2024-01-01 2024-12-31 01596924 bus:Director7 2024-01-01 2024-12-31 01596924 bus:Director8 2024-01-01 2024-12-31 01596924 bus:Director9 2024-01-01 2024-12-31 01596924 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01596924 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01596924 core:LandBuildings 2024-01-01 2024-12-31 01596924 countries:EnglandWales 2024-01-01 2024-12-31 01596924 2023-01-01 2023-12-31 01596924 2023-12-31 01596924 bus:OrdinaryShareClass1 2023-12-31 01596924 core:CurrentFinancialInstruments 2023-12-31 01596924 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01596924

Town Mills Flats Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Town Mills Flats Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Town Mills Flats Limited

Company Information

Chairman

Y M Pasea

Directors

A Farrow

S P Hacon

G Crockett

R Hamisi

C Maleham

A F Lloyd

Company secretary

S A Baylis

S P Hacon

Registered office

2 Toomers Wharf,
Canal Walk
Newbury
Berkshire
RG14 1DY

Accountants

E J Business Consultants Limited
No 2 Toomers Wharf
Canal Walk
Newbury
RG14 1DY

 

Town Mills Flats Limited

(Registration number: 01596924)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6,070

6,070

Current assets

 

Debtors

2,658

2,230

Cash at bank and in hand

 

91,680

95,852

 

94,338

98,082

Creditors: Amounts falling due within one year

(20,309)

(21,559)

Net current assets

 

74,029

76,523

Net assets

 

80,099

82,593

Capital and reserves

 

Called up share capital

3

21

21

Retained earnings

80,078

82,572

Shareholders' funds

 

80,099

82,593

For the financial 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.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 20 May 2025 and signed on its behalf by:
 

.........................................
Y M Pasea
Chairman

 

Town Mills Flats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2023 and 2022.

The company's business consists of the management on a non-profit making basis of blocks of flats for the owners, lessees or tenants of the flats. As such, the company is not subject to corporation tax on profit arising from the members. Any investment income is subject to corporation tax in the normal way, although over the years any associated liability has been covered by debenture interest paid by the company.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Nil

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

3

Share capital

Allotted, called up and fully paid shares

 

Town Mills Flats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

21

21

21

21