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Registration number: 05812997

Lantern Building Residents Management Company Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2025

 

Lantern Building Residents Management Company Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Lantern Building Residents Management Company Ltd

Company Information

Directors

Ms C Young

Mr M Russell

Mr R J Hawkins

Company secretary

Proactive Block Management Ltd

Registered office

Proactive Block Management,
Unit 40, Devonshire Business Centre
Works Road
Letchworth Garden City
Hertfordshire
SG6 1GJ

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Lantern Building Residents Management Company Ltd

(Registration number: 05812997)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

10,704

1,585

Cash at bank and in hand

 

4,525

12,244

 

15,229

13,829

Creditors: Amounts falling due within one year

5

(1,165)

(1,969)

Net assets

 

14,064

11,860

Reserves

 

Retained earnings

14,064

11,860

Surplus

 

14,064

11,860

For the financial year ending 31 May 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 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 Profit and Loss Account.

Approved and authorised by the Board on 5 August 2025 and signed on its behalf by:
 

.........................................
Proactive Block Management Ltd
Company secretary

 

Lantern Building Residents Management Company Ltd

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

1

General information

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

The address of its registered office is:
Proactive Block Management,
Unit 40, Devonshire Business Centre
Works Road
Letchworth Garden City
Hertfordshire
SG6 1GJ

These financial statements were authorised for issue by the Board on 5 August 2025.

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.

Revenue recognition

Turnover 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. Turnover 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.

 

Lantern Building Residents Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

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

4

Debtors

Current

2025
£

2024
£

Prepayments

10,704

1,585

 

10,704

1,585

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Accruals and deferred income

891

1,135

Other creditors

274

834

1,165

1,969