IRIS Accounts Production v25.1.4.42 03462071 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034620712023-12-31034620712024-12-31034620712024-01-012024-12-31034620712022-12-31034620712023-01-012023-12-31034620712023-12-3103462071ns15:EnglandWales2024-01-012024-12-3103462071ns14:PoundSterling2024-01-012024-12-3103462071ns10:Director12024-01-012024-12-3103462071ns10:Director22024-01-012024-12-3103462071ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103462071ns10:SmallEntities2024-01-012024-12-3103462071ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103462071ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103462071ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103462071ns10:FullAccounts2024-01-012024-12-3103462071ns10:Director32024-01-012024-12-3103462071ns10:Director42024-01-012024-12-3103462071ns10:Director52024-01-012024-12-3103462071ns10:Director62024-01-012024-12-3103462071ns10:Director72024-01-012024-12-3103462071ns10:Director82024-01-012024-12-3103462071ns10:CompanySecretary12024-01-012024-12-3103462071ns10:RegisteredOffice2024-01-012024-12-3103462071ns5:CurrentFinancialInstruments2024-12-3103462071ns5:CurrentFinancialInstruments2023-12-3103462071ns5:ShareCapital2024-12-3103462071ns5:ShareCapital2023-12-3103462071ns5:CapitalRedemptionReserve2024-12-3103462071ns5:CapitalRedemptionReserve2023-12-3103462071ns5:RetainedEarningsAccumulatedLosses2024-12-3103462071ns5:RetainedEarningsAccumulatedLosses2023-12-3103462071ns5:LandBuildings2023-12-3103462071ns5:LandBuildings2024-12-3103462071ns5:LandBuildings2023-12-3103462071ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103462071ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103462071ns5:OtherProvisionsContingentLiabilities2023-12-3103462071ns5:OtherProvisionsContingentLiabilities2024-12-31
REGISTERED NUMBER: 03462071 (England and Wales)















SOVEREIGN PARK (HARROGATE) MANAGEMENT
COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






SOVEREIGN PARK (HARROGATE) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03462071)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOVEREIGN PARK (HARROGATE) MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr B J Madden
Mrs D Gaunt
Mr A S MacDonald
Mr G C Connolly
Mr M A Cooper
Mr R Rome
Mr M Thorne
Mr N Rusling


SECRETARY: DSC Accountants Ltd


REGISTERED OFFICE: Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT


REGISTERED NUMBER: 03462071 (England and Wales)


ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT


BANKERS: HSBC Bank Plc
7 Prospect Crescent
Harrogate
North Yorkshire
HG1 1RN

SOVEREIGN PARK (HARROGATE) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03462071)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 486 -
Cash at bank 135,683 146,087
136,169 146,087
CREDITORS
Amounts falling due within one year 6 8,126 28,560
NET CURRENT ASSETS 128,043 117,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,044

117,528

PROVISIONS FOR LIABILITIES 7 125,678 115,162
NET ASSETS 2,366 2,366

CAPITAL AND RESERVES
Called up share capital 720 720
Capital reserve 10 10
Retained earnings 1,636 1,636
SHAREHOLDERS' FUNDS 2,366 2,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

SOVEREIGN PARK (HARROGATE) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03462071)

BALANCE SHEET - continued
31 DECEMBER 2024


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 25 June 2025 and were signed on its behalf by:




Mr N Rusling - Director



Mr A S MacDonald - Director


SOVEREIGN PARK (HARROGATE) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03462071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Sovereign Park (Harrogate) Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Turnover
Turnover represents service charges payable by leaseholders and estate rentcharges payable by leaseholders and freeholders.

Sinking funds
A separate sinking fund has been established for each of the three apartment blocks on the Sovereign Park estate, the estate as a whole, and for certain self-contained areas. The objective of each sinking fund is to spread the cost of periodic major expenditure over a period of years thereby spreading the burden and ensuring equity between different owners of the same property. The directors review the balance in each of the sinking funds each year.

3. EMPLOYEES AND DIRECTORS

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

SOVEREIGN PARK (HARROGATE) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03462071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

The freehold of the three apartment buildings and of the common parts of the estate known as Sovereign Park, Harrogate was transferred to the Company for a nominal consideration of £1 in July 2003.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 486 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,078 11,281
Tax 373 -
Accruals and deferred income 5,675 17,279
8,126 28,560

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions
Sinking funds 125,678 115,162

Sinking
Funds
£   
Balance at 1 January 2024 115,162
Net increase during the year 10,516
Balance at 31 December 2024 125,678






SOVEREIGN PARK (HARROGATE) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 03462071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. RETAINED SURPLUS

The Company's Memorandum and Articles of Association require that the income and property of the Company shall be applied solely towards the objects of the Company and that no part shall be paid or transferred directly or indirectly by way of dividend, bonus or any other means to a member or members of the company. Under the Company's Articles of Association the directors may set aside reasonable reserve funds.