Company Registration No. 08678710 (England and Wales)
Jubilee Park (Rogerstone) Management Company Limited
Unaudited accounts
for the year ended 31 March 2025
Jubilee Park (Rogerstone) Management Company Limited
Unaudited accounts
Contents
Jubilee Park (Rogerstone) Management Company Limited
Company Information
for the year ended 31 March 2025
Directors
Colin Atyeo
Stewart Jones
Stephen Meek
Company Number
08678710 (England and Wales)
Registered Office
Ty Du Community Hall
Welfare Grounds, Tregwilym Road
Rogerstone
Newport
NP10 9EQ
United Kingdom
Accountants
Nathan Evans Limited
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Jubilee Park (Rogerstone) Management Company Limited for 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
Jubilee Park (Rogerstone) Management Company Limited for the year ended
31 March 2025 as set out on pages
5 -
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 icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited
Chartered Accountants
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
22 May 2025
Jubilee Park (Rogerstone) Management Company Limited
Statement of financial position
as at 31 March 2025
Investments
471,267
457,224
Cash at bank and in hand
188,340
113,656
Creditors: amounts falling due within one year
(85,217)
(87,535)
Net current assets
586,875
492,379
Total assets less current liabilities
586,875
492,414
Provisions for liabilities
Other provisions
(426,645)
(383,000)
Net assets
160,230
109,414
Called up share capital
1
1
Profit and loss account
160,229
109,413
Shareholders' funds
160,230
109,414
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by
Colin Atyeo
Director
Company Registration No. 08678710
Jubilee Park (Rogerstone) Management Company Limited
Notes to the Accounts
for the year ended 31 March 2025
Jubilee Park (Rogerstone) Management Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08678710. The registered office is Ty Du Community Hall, Welfare Grounds, Tregwilym Road, Rogerstone, Newport, NP10 9EQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
50% straight line
Computer equipment
50% straight line
Current Asset Investments
Current asset investments are measured at fair value with any changes in fair value being recognised in the statement of comprehensive income.
Jubilee Park (Rogerstone) Management Company Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
40,548
10,721
51,269
At 31 March 2025
40,548
10,721
51,269
At 1 April 2024
40,534
10,700
51,234
Charge for the year
14
21
35
At 31 March 2025
40,548
10,721
51,269
Amounts falling due within one year
Trade debtors
12,484
9,033
6
Investments held as current assets
2025
2024
Listed investments
471,267
457,224
The directors sought financial advice for site funding costs, primarily over the longer term. The investment strategy set invests in an Authorised Unit Trust/Open Ended Investment Company (OIEC) utilising an active fund management approach.
The actively managed, well diversified portfolios will be managed by Liontrust and Brewin Dolphin, in line with the agreed risk mandate.
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
13,257
18,232
Other creditors
26,421
24,600
Deferred income
45,539
44,703
Jubilee Park (Rogerstone) Management Company Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Provisions for liabilities
£
Increase in existing provisions
60,000
A flood defence wall was built as part of the site development in 2016. The wall was constructed during 2016 with an estimated life of 100 years and costs could be as much as £6 million, which needs to be provided for. The company is responsible for the maintenance, upkeep and repair of the wall and makes an annual maintenance charge on all homeowners/tenants of the site. An estimate of the future maintenance costs is provided for each year.
9
Transactions with related parties
The company was under the control of Rogerstone Community Council throughout the current and prior year. Rogerstone Community Council owns 100% of the issued share capital of the company.
The company received management, staff and administrative services of £86,181 (2024: £82,527) from Rogerstone Community Council. The company owed Rogerstone Community Council £26,421 (2024: £24,600) at the end of the year.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).