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REGISTERED NUMBER: 04782020 (England and Wales)















Financial Statements for the Year Ended 31st December 2024

for

KINGSWOOD COURT (CHORLEY) MANAGEMENT
COMPANY LIMITED

KINGSWOOD COURT (CHORLEY) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04782020)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KINGSWOOD COURT (CHORLEY) MANAGEMENT
COMPANY LIMITED

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mr D Twist
Miss L Collen



SECRETARY: Miss L Collen



REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE



REGISTERED NUMBER: 04782020 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Carl Caunce FCCA



AUDITORS: Abrams Ashton - Chorley Limited
Statutory Auditor
Chartered Certified Accountants
41 St. Thomas's Road
Chorley
Lancashire
PR7 1JE

KINGSWOOD COURT (CHORLEY) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04782020)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 13,824 13,264
Cash at bank 8,666 20,551
22,490 33,815
CREDITORS
Amounts falling due within one year 5 9,879 4,375
NET CURRENT ASSETS 12,611 29,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,611

29,440

RESERVES
Reserve fund for major works 6 78,717 85,669
Income and expenditure account 6 (66,106 ) (56,229 )
12,611 29,440

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th May 2025 and were signed on its behalf by:




Mr D Twist - Director



Miss L Collen - Director


KINGSWOOD COURT (CHORLEY) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04782020)

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

1. STATUTORY INFORMATION

Kingswood Court (Chorley) Management Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover represents maintenance charges receivable in respect of communal expenditure in the ordinary course of business. Value added tax is not charged thereon.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,888 4,595
Prepayments and accrued income 8,936 8,669
13,824 13,264

Trade debtors represents the net maintenance charges due to the company at the year end.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 440 -
Tax 37 44
Accruals and deferred income 9,402 4,331
9,879 4,375

KINGSWOOD COURT (CHORLEY) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04782020)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

6. RESERVES
Income Reserve
and fund for
expenditure major
account works Totals
£    £    £   

At 1st January 2024 (56,229 ) 85,669 29,440
Deficit for the year (9,877 ) (9,877 )
Reserve fund for major works - 10,548 10,548
Major works fund utilised - (17,500 ) (17,500 )
At 31st December 2024 (66,106 ) 78,717 12,611

The reserve fund for major works is money set aside for significant property maintenance.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Carl Caunce FCCA (Senior Statutory Auditor)
for and on behalf of Abrams Ashton - Chorley Limited

8. RELATED PARTY DISCLOSURES

During the year ended 31 December 2024 there were no transactions with related parties.

9. SHARE CAPITAL

The company is limited by guarantee without share capital. In the event of the company being would up, each director would have a maximum liability of £25.