| REGISTERED NUMBER: |
| CLIFTON ROAD (LLANDUDNO) MANAGEMENT |
| COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| REGISTERED NUMBER: |
| CLIFTON ROAD (LLANDUDNO) MANAGEMENT |
| COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| CLIFTON ROAD (LLANDUDNO) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 12252468) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| CLIFTON ROAD (LLANDUDNO) MANAGEMENT |
| COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Chartered Tax Advisers |
| First Floor Suite |
| 23 Trinity Square |
| LLANDUDNO |
| North Wales |
| LL30 2RH |
| CLIFTON ROAD (LLANDUDNO) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 12252468) |
| STATEMENT OF FINANCIAL POSITION |
| 31 OCTOBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| CLIFTON ROAD (LLANDUDNO) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 12252468) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 OCTOBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CLIFTON ROAD (LLANDUDNO) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 12252468) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| Clifton Road (Llandudno) Management Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue recognition |
| Turnover represents the value of services provided to leaseholders. |
| Provision for future maintenance |
| The company transfers its annual surplus/(deficit) to a sinking fund provision to cover the cost of necessary future repairs as they arise. |
| Trade and other debtors |
| Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment for bad and doubtful debts. |
| Cash and cash equivalents |
| The company holds one bank account, the monies of which are held on trust, for the benefit of the leaseholders for the time being. |
| Trade and other creditors |
| Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Prepayments |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Directors' current accounts | 636 | 36 |
| Accruals |
| CLIFTON ROAD (LLANDUDNO) MANAGEMENT |
| COMPANY LIMITED (REGISTERED NUMBER: 12252468) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 6. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Other provisions |
| Sinking fund for future repairs | - | 168 |
| Sinking |
| fund for |
| repairs |
| £ |
| Balance at 1 November 2023 |
| Charge for the year | (168 | ) |
| Balance at 31 October 2024 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 3 | 3 |