| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2024 |
| FOR |
| HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT |
| COMPANY LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2024 |
| FOR |
| HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT |
| COMPANY LIMITED |
| HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 02588563) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 May 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT |
| COMPANY LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 May 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 6-7 Castle Gate, |
| Castle Street |
| Hertford |
| Hertfordshire |
| SG14 1HD |
| HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 02588563) |
| BALANCE SHEET |
| 31 May 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 02588563) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 May 2024 |
| 1. | STATUTORY INFORMATION |
| Highacre, 1 Old Park Road, Management Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Service charge funds |
| The company is responsible for the management of the property known as Highacre, 1 Old Park Road and has instructed a managing agent to collect service charges from lessees in order to fund expenditure incurred in the management of the property. The service charge funds are held in trust on behalf of the leaseholders as required by Section 42 of the Landlord & Tenant Act 1987. All service charge transactions relating to the management of the property are reported separately and are excluded from the company's financial statements. |
| Investment property |
| The property is held for investment and not for consumption and the directors consider that to depreciate it would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which otherwise would have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 June 2023 |
| and 31 May 2024 |
| NET BOOK VALUE |
| At 31 May 2024 |
| At 31 May 2023 |
| The value of the investment property, which has been stated at cost, has been considered by the directors. The directors believe this to be an appropriate value given current market conditions for the property. |
| HIGHACRE, 1 OLD PARK ROAD, MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 02588563) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 May 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Taxation and social security |
| Other creditors |