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Registration number: 02833262

Harveys Close Management Company Limited A company limited by guarantee

Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

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Chartered Accountants

 

Harveys Close Management Company Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Harveys Close Management Company Limited

Company Information

Directors

Miss R H Heath

K Hutchings

Company secretary

Miss R M Diacono

Registered office

3 Shutewells
North Mills Road
Bridport
Dorset
DT6 3XH

Accountants

Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Harveys Close Management Company Limited

Directors' Report
for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs M A Thomas (ceased 28 June 2024)

Miss R H Heath

K Hutchings

Principal activity

The principal activity of the company continued to be that of the provision of property management services.

The company holds the freehold reversion of the properties known as 18-32 Harveys Close, Maiden Newton subject to 300 year leases on 8 leasehold properties.

Small companies provision statement

This report has 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.

Approved by the Board on 10 May 2025 and signed on its behalf by:




Miss R M Diacono
Company secretary

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Harveys Close Management Company Limitedfor the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harveys Close Management Company Limited for the year ended 31 March 2025 as set out on pages 4 to 8 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/regulation.

This report is made solely to the Board of Directors of Harveys Close Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 5 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of Harveys Close Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Harveys Close Management Company Limited, 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 Harveys Close Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Harveys Close Management Company Limited 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 Harveys Close Management Company Limited. You consider that Harveys Close Management Company Limited 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 Harveys Close Management Company Limited. 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.






Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

28 May 2025

 

Harveys Close Management Company Limited

Profit and Loss Account
for the Year Ended 31 March 2025

2025
£

2024
£

Turnover

5,000

5,025

Administrative expenses

(5,470)

(3,528)

Operating (deficit)/surplus

(470)

1,497

(Deficit)/surplus before tax

(470)

1,497

Taxation

-

-

(Deficit)/surplus for the financial year

(470)

1,497

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Harveys Close Management Company Limited

(Registration number: 02833262)
Balance Sheet as at 31 March 2025

Note

2025

2024

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

42

 

42

Current assets

   

 

Debtors

5

795

 

1,268

 

Cash at bank and in hand

 

5,061

 

4,985

 

 

5,856

 

6,253

 

Creditors: Amounts falling due within one year

6

(764)

 

(691)

 

Net current assets

   

5,092

 

5,562

Net assets

   

5,134

 

5,604

Capital and reserves

   

 

Depreciation fund

5,134

 

5,604

 

Profit and loss account

-

 

-

 

   

5,134

 

5,604

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

Approved and authorised by the Board on 10 May 2025 and signed on its behalf by:
 


Miss R H Heath
Director

   
     
 

Harveys Close Management Company Limited

Statement of Changes in Equity
for the Year Ended 31 March 2025

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 April 2024

5,604

-

5,604

Deficit for the year

-

(470)

(470)

Transfers

(470)

470

-

At 31 March 2025

5,134

-

5,134

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 April 2023

4,107

-

4,107

Surplus for the year

-

1,497

1,497

Transfers

1,497

(1,497)

-

At 31 March 2024

5,604

-

5,604

 

Harveys Close Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

1

General information

The company is a company limited by guarantee, incorporated in England and Wales.

The address of its registered office is:
3 Shutewells
North Mills Road
Bridport
Dorset
DT6 3XH

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.

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.

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.

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.

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.

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.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

 

Harveys Close Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0). The average number of directors on the board during the year, was 2 (2024 - 2).

4

Tangible assets

Freehold land and buildings
£

Total
£

Cost or valuation

At 1 April 2024

42

42

At 31 March 2025

42

42

Depreciation

Carrying amount

At 31 March 2025

42

42

At 31 March 2024

42

42

5

Debtors

2025
£

2024
£

Prepayments

795

1,268

795

1,268

6

Creditors

2025
£

2024
£

Due within one year

Amounts in advance from lessees

260

210

Accruals

504

481

764

691