Carleton Mill Management Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4547335

CARLETON MILL MANAGEMENT COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

CARLETON MILL MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

CURRENT ASSETS

Debtors	5	1,124	1,915
Cash at bank and in hand		6,439	4,519
		-------	-------
		7,563	6,434

CREDITORS: amounts falling due within one year	7	3,533		2,639
		-------		-------
NET CURRENT ASSETS			4,030		3,795
			-------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			4,030		3,795
			-------		-------
NET ASSETS			4,030		3,795
			-------		-------

CAPITAL AND RESERVES

Called up share capital		100	100
Other reserves	8	3,831	3,581
Profit and loss account	8	99	114
		-------	-------
SHAREHOLDERS FUNDS		4,030	3,795
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CARLETON MILL MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:

Mr D W Stephens
Director

Company registration number: 4547335

CARLETON MILL MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The North Chapel, Ashlands Road, Ilkley, West Yorkshire, LS29 8JT.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, in accordance with the lease and on an accruals basis.

Income

Income represents contributions received or receivable from dwelling holders towards the maintenance of the common areas, stated net of discounts and of Value Added Tax.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Current and deferred tax

Service charge monies are held on trust by the company. Interest earned on service charge monies held on deposit and ground rents are taxable at the basic rate of income tax. The rate of tax applied during the year was 19%.

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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. STAFF COSTS

There were no employees in this or the previous period.

5. DEBTORS

	2024	2023
	£	£
Trade debtors	865	1,667
Other debtors	259	248
	-------	-------
	1,124	1,915
	-------	-------

6. CASH AT BANK

	2024	2023
	£	£
Cash at bank	6,439	4,519
	-------	-------
Shareholders' contribution to sinking fund	6,439	4,519
	-------	-------

Service charge money is held in trust at the Royal Bank of Scotland, Leeds under the title "Regent Management Ltd re Carleton Mill Man Co Ltd"

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,751	1,440
Other creditors	1,782	1,199
	-------	-------
	3,533	2,639
	-------	-------

8. RESERVES

Accumulated funds

	2024	2023
	£	£
Balance brought forward	114	45
Income for the year	2,163	2,073
Expenditure for the year	(2,178)	(2,004)
	-------	-------
Balance carried forward	99	114
	-------	-------

This reserve records retained surpluses and deficits for the period Maintenance reserve

	2024	2023
	£	£
Balance brought forward	3,581	3,331
Provision for the year	250	250
	-------	-------
Balance carried forward	3,831	3,581
	-------	-------

The reserve for maintenance has been established to meet the cost of large, non-regular repair and maintenance work. Any shortfall in these funds resulting from expenditure incurred will be charged to the Statement of Income and Retained Earnings in that year.