South Road (Kingsdown) Management Company Limited 01452350 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is owners and managers of freehold land at Kingsdown, near Deal, Kent. Digita Accounts Production Advanced 6.30.9574.0 true 01452350 2024-01-01 2024-12-31 01452350 2024-12-31 01452350 core:CurrentFinancialInstruments 2024-12-31 01452350 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01452350 core:Non-currentFinancialInstruments 2024-12-31 01452350 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 01452350 core:LandBuildings 2024-12-31 01452350 bus:SmallEntities 2024-01-01 2024-12-31 01452350 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01452350 bus:FullAccounts 2024-01-01 2024-12-31 01452350 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01452350 bus:RegisteredOffice 2024-01-01 2024-12-31 01452350 bus:Director1 2024-01-01 2024-12-31 01452350 bus:Director10 2024-01-01 2024-12-31 01452350 bus:Director11 2024-01-01 2024-12-31 01452350 bus:Director12 2024-01-01 2024-12-31 01452350 bus:Director13 2024-01-01 2024-12-31 01452350 bus:Director14 2024-01-01 2024-12-31 01452350 bus:Director15 2024-01-01 2024-12-31 01452350 bus:Director2 2024-01-01 2024-12-31 01452350 bus:Director3 2024-01-01 2024-12-31 01452350 bus:Director4 2024-01-01 2024-12-31 01452350 bus:Director5 2024-01-01 2024-12-31 01452350 bus:Director6 2024-01-01 2024-12-31 01452350 bus:Director7 2024-01-01 2024-12-31 01452350 bus:Director8 2024-01-01 2024-12-31 01452350 bus:Director9 2024-01-01 2024-12-31 01452350 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 01452350 countries:EnglandWales 2024-01-01 2024-12-31 01452350 2023-12-31 01452350 core:LandBuildings 2023-12-31 01452350 2023-01-01 2023-12-31 01452350 2023-12-31 01452350 core:CurrentFinancialInstruments 2023-12-31 01452350 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01452350 core:Non-currentFinancialInstruments 2023-12-31 01452350 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 01452350 core:LandBuildings 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 01452350

South Road (Kingsdown) Management Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

(filleted for filing purposes)

 

South Road (Kingsdown) Management Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

South Road (Kingsdown) Management Company Limited

Company Information

Directors

N C Newton

M N Harper

C A Robertson

N Camara

T Cobbett

J M Neill

J R More

D J Forsdyke

N W Brocklesby

H Roper

S J Crichton

A L Mount

W E Jones

R A J Green

T M Elliott

Registered office

7 South Road
Kingsdown
Deal
Kent
CT14 8AQ

 

South Road (Kingsdown) Management Company Limited

(Registration number: 01452350)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,500

1,500

Current assets

 

Debtors

5

272

54

Cash at bank and in hand

 

2,240

1,863

 

2,512

1,917

Creditors: Amounts falling due within one year

6

(2,512)

(1,917)

Net current assets/(liabilities)

 

-

-

Total assets less current liabilities

 

1,500

1,500

Creditors: Amounts falling due after more than one year

6

(1,500)

(1,500)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

For the financial year ending 31 December 2024 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 21 August 2025 and signed on its behalf by:
 

.........................................
C A Robertson
Director

.........................................
R A J Green
Director

.........................................
T M Elliott
Director

     
 

South Road (Kingsdown) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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 £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
7 South Road
Kingsdown
Deal
Kent
CT14 8AQ

These financial statements were authorised for issue by the Board on 21 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is not provided on the freehold land.

 

South Road (Kingsdown) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

Trade creditors

Trade creditors 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 15 (2023 - 15).

 

South Road (Kingsdown) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

1,500

1,500

At 31 December 2024

1,500

1,500

Depreciation

Carrying amount

At 31 December 2024

1,500

1,500

At 31 December 2023

1,500

1,500

Included within the net book value of land and buildings above is £1,500 (2023 - £1,500) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

200

-

Prepayments

72

54

 

272

54

 

South Road (Kingsdown) Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

7

2,152

1,917

Other creditors

 

360

-

 

2,512

1,917

Due after one year

 

Loans and borrowings

7

1,500

1,500

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

1,500

1,500

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

1,500

1,500

2024
£

2023
£

Current loans and borrowings

Other borrowings

2,152

1,917