Mornington Road (Block E) Management Company Limited 2487723 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is residential property management of property known as and situate at Block E, Mornington Road, London Borough of Lewisham Digita Accounts Production Advanced 6.30.9574.0 true true 2487723 2024-04-01 2025-03-31 2487723 2025-03-31 2487723 core:RetainedEarningsAccumulatedLosses 2025-03-31 2487723 core:CurrentFinancialInstruments 2025-03-31 2487723 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 2487723 core:Non-currentFinancialInstruments 2025-03-31 2487723 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 2487723 bus:SmallEntities 2024-04-01 2025-03-31 2487723 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 2487723 bus:FilletedAccounts 2024-04-01 2025-03-31 2487723 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 2487723 bus:RegisteredOffice 2024-04-01 2025-03-31 2487723 bus:CompanySecretary1 2024-04-01 2025-03-31 2487723 bus:Director2 2024-04-01 2025-03-31 2487723 bus:Director4 2024-04-01 2025-03-31 2487723 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 2487723 bus:Agent1 2024-04-01 2025-03-31 2487723 countries:EnglandWales 2024-04-01 2025-03-31 2487723 2023-04-01 2024-03-31 2487723 2024-03-31 2487723 core:RetainedEarningsAccumulatedLosses 2024-03-31 2487723 core:CurrentFinancialInstruments 2024-03-31 2487723 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 2487723 core:Non-currentFinancialInstruments 2024-03-31 2487723 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 2487723

Mornington Road (Block E) Management Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Mornington Road (Block E) Management Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Mornington Road (Block E) Management Company Limited

Company Information

Directors

Katharine Elizabeth Pedersen

Miss Penelope Jane Bull

Company secretary

DMG Property Management Limited

Registered office

Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ

Bankers

NatWest Maidstone
3 High Street
Maidstone
Kent
ME14 1HJ

Accountants

Manningtons
Victoria House The Moor
Hawkhurst
Cranbrook
Kent
TN18 4NR

 

Mornington Road (Block E) Management Company Limited

(Registration number: 2487723)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

29,583

24,056

Creditors: Amounts falling due within one year

5

(4,360)

(2,363)

Total assets less current liabilities

 

25,223

21,693

Creditors: Amounts falling due after more than one year

5

(7,200)

(7,200)

Net assets

 

18,023

14,493

Reserves

 

Retained earnings

18,023

14,493

Surplus

 

18,023

14,493

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 July 2025 and signed on its behalf by:
 

.........................................
Miss Penelope Jane Bull
Director

 

Mornington Road (Block E) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Service charges comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Service charges is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mornington Road (Block E) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Service charge arrears

Service charge arrears are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Service charge arrears are recognised at the transaction price, less provision for impairment. A provision for the impairment of service charge arrears is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Service charges paid in advance

Service charges paid in advance are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Service charges paid in advance are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

 

Mornington Road (Block E) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Debtors

2025
£

2024
£

Service charge arrears

49

320

Prepayments

8,997

8,822

Other debtors

20,537

14,914

29,583

24,056

Other debtors includes a sum of £20,537 (2024 - £14,915) held in the name of the company in a client account of the appointed agent for the leaseholders.

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Service charges paid in advance

3,109

1,390

Other creditors

1,251

973

4,360

2,363

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

6

7,200

7,200

6

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

7,200

7,200