REGISTERED NUMBER: 03658489 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Friday Hill Tenant Management

Organisation Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

18,274

15,175

CURRENT ASSETS

Debtors

5

1,850

1,357

Cash at bank and in hand

399,540

237,598

401,390

238,955

CREDITORS

Amounts falling due within one year

6

105,741

53,884

NET CURRENT ASSETS

295,649

185,071

TOTAL ASSETS LESS CURRENT LIABILITIES

313,923

200,246

RESERVES

Other reserves

313,923

200,246

313,923

200,246

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

Ms K M Andrews - Director

1.	STATUTORY INFORMATION

Friday Hill Tenant Management Organisation Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03658489

Registered office:

The Chingdale Centre

19 Chingdale Road

Chingford

London

E4 6HZ

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents funding received from the local authority and contribution to start-up costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, furniture, fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

furniture,

fittings

and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

40,223

26,989

7,821

75,033

Additions

1,954

-

5,354

7,308

At 31 March 2025

42,177

26,989

13,175

82,341

DEPRECIATION

At 1 April 2024

28,063

26,989

4,806

59,858

Charge for year

2,117

-

2,092

4,209

At 31 March 2025

30,180

26,989

6,898

64,067

NET BOOK VALUE

At 31 March 2025

11,997

-

6,277

18,274

At 31 March 2024

12,160

-

3,015

15,175

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Prepayments

1,850

1,357

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

3

2

Taxation and social security

46,331

42,945

Other creditors

59,407

10,937

105,741

53,884

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lorraine Curtis ACA BFP FCCA (Senior Statutory Auditor)

for and on behalf of Nordens Audit Limited

8.	RELATED PARTY DISCLOSURES

The Directors, who are also all board memebers are considered to be key management personnel.