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Registration number: 03372164

Holst Mansions Management Company Limited (A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 24 December 2024

 

Holst Mansions Management Company Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 6

 

Holst Mansions Management Company Limited

Company Information

Directors

G A Anderson

H M Cooke

D S Kershaw

B E Ritz

Company secretary

Willmotts (Ealing) Limited

Registered office

Willmott House
12 Blacks Road
London
W6 9EU

Independent Auditors

Shaw Gibbs Limited
Statutory AuditorSalatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

Holst Mansions Management Company Limited

(Registration number: 03372164)
Statement of Financial Position as at 24 December 2024

Note

2024
£

2023
£

Non-current assets

 

Property, plant and equipment

4

1

1

Current assets

 

Receivables

5

32,820

36,191

Cash at bank

6

452,629

444,456

 

485,449

480,647

Payables: Amounts falling due within one year

7

(34,146)

(95,467)

Net current assets

 

451,303

385,180

Net assets

 

451,304

385,181

Reserves

 

General reserve

8

451,304

385,181

Total reserves

 

451,304

385,181


These financial statements have been prepared and 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 Income statement.

The financial statements of Holst Mansions Management Company Limited were approved and authorised for issue by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................

G A Anderson
Director

 

Holst Mansions Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024

1

General information

Holst Mansions Management Company Limited (the 'company') is a company limited by guarantee, registered in England and Wales under the Companies Act, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors report on page 2.

2

Accounting policies

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continues to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Departure from requirements of FRS 102

The financial statements depart from the standard format of the Companies Act 2006 in that turnover has been replaced by service charge income, cost of sales has been replaced by service charge expenditure and profit/(loss) has been replaced by surplus/(deficit). This departure, as permitted by s396 of the Companies Act 2006, has arisen because the directors consider that this presentation is more appropriate given the nature of the company's activity. The result for the year is unaffected by the accounting treatment adopted.

 

Holst Mansions Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)

2

Accounting policies (continued)

Judgements

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
Service charge income represents variable service charges receivable from the members for the year.
Reserve fund income represents contributions receivable from the members for the year.

Taxation

The company acts as a trustee in respect of funds held to manage 96 Wyatt Drive. In consequence, service charge and reserve fund contributions and service charge and reserve fund expenditure items are neither taxable nor allowable for corporation tax purposes and therefore there is no liability to UK corporation tax.

Property, plant and equipment

Property, plant and equipment comprises the Freehold property at 96 Wyatt Drive, Barnes, London. SW13 8AJ, which is stated at a nominal value of £1. No depreciation is provided on this.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank and are subject to an insignificant risk of change in value.

Receivables

Service charge and reserve fund arrears are amounts due at the financial year end from the members.

Payables

Payables 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Holst Mansions Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)

4

Property, plant and equipment

Land and buildings
£

Cost

At 25 December 2023

1

At 24 December 2024

1

Carrying amount

At 24 December 2024

1

At 24 December 2023

1

5

Receivables

2024
£

2023
£

Service charge & reserve fund arrears

2,485

1,821

Other debtors

983

599

Prepayments and accrued income

29,352

33,771

32,820

36,191

6

Cash and cash equivalents

2024
£

2023
£

Cash at bank - client account

452,629

444,456

Funds are held in trust at National Westminster Bank Plc in a designated client account maintained by Willmotts (Ealing) Limited, the managing agents.

 

Holst Mansions Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)

7

Payables

2024
£

2023
£

Due within one year

Service charge creditors - unpaid invoices

7,464

10,369

Service charge receipts in advance

-

68,535

Accrued expenses

26,682

16,563

34,146

95,467

8

Reserves


Reserves
The general reserve represents cumulative surpluses or deficits and reserve fund contributions net of reserve fund expenditure.

The general reserve has been established to meet the anticipated expenditure costs in the 15 year maintenance plan as and when they arise.

9

Related party transactions

There were no other related party transactions to disclose.

10

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 26 June 2025 was Ransford Agyei-Boamah, who signed for and on behalf of Shaw Gibbs Limited.