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Registered number: 01676454
Fairlawn (Oxton) Management Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 01676454
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 - 1,040
Cash at bank and in hand 13,379 12,112
13,379 13,152
Creditors: Amounts Falling Due Within One Year 5 (425 ) (400 )
NET CURRENT ASSETS (LIABILITIES) 12,954 12,752
TOTAL ASSETS LESS CURRENT LIABILITIES 12,954 12,752
NET ASSETS 12,954 12,752
Income and Expenditure Account 12,954 12,752
MEMBERS' FUNDS 12,954 12,752
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mrs H Smart
Director
22nd July 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fairlawn (Oxton) Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01676454 . The registered office is Sherlock House, 6 Manor Road, Wallasey, CH45 4JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
A stutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987, the residential mangement comany acts as a trustee in this capacity. Additionallythe closing balance of cash and other asstes are held in trust by the residnetial management company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Debtors
2025 2024
£ £
Due within one year
Other debtors - 1,040
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 425 400
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7. Leasehold property
THe company holds the land and long leasehold properties known as Fairlawn Court. No value has been assigned to these properties which are leased at a peppercorn rent for 125 years from 1 December 1982.
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