Company registration number 03479985 (England and Wales)
LARCHBAY MANAGEMENT COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
LARCHBAY MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
C Bentley
M Davies
Secretary
Stride & Son Limited
Company number
03479985
Registered office
Piper House
4 Dukes Court
Bognor Road
West Sussex
Chichester
PO19 8FX
Accountants
Carpenter Box
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
PO19 8FX
LARCHBAY MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
LARCHBAY MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2024. The company is dormant and has not traded during the year.
Principal activities
The company is a non-profit making organisation formed to manage Larch Close and Baytree Close situated in Chichester, West Sussex. Service charges are received as agents of the statutory trust for property owners of the properties.
The company has no income or expenditure in its own right, all transactions in the year related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
C Bentley
J Nevitt
(Resigned 7 March 2025)
M Davies
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
By order of the board
Stride & Son Limited
Secretary
29 May 2025
LARCHBAY MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,673
6,673
Current assets
Debtors
3
16
16
Net current assets
16
16
Total assets less current liabilities
6,689
6,689
Capital and reserves
Called up share capital
16
16
Other reserve
6,673
6,673
Total equity
6,689
6,689
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 May 2025 and are signed on its behalf by:
C Bentley
Director
Company Registration No. 03479985
LARCHBAY MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Larchbay Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Piper House, 4 Dukes Court, Bognor Road, West Sussex, Chichester, PO19 8FX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The freehold interest in the property is stated at cost. The directors assess annually the need to provide for any impairment in recoverable amount below cost.
Land and buildings Freehold
No depreciation
Freehold land is not depreciated.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
LARCHBAY MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
2
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 and 31 December 2024
6,673
Depreciation and impairment
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
6,673
At 31 December 2023
6,673
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
16
16
4
Related party transactions
Service charge contributions received from the directors, C Bentley, M Davies and J Nevitt in 2024 amounted to £6,701 (2023: £3,963).