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REGISTERED NUMBER: 04258774 (England and Wales)


















BRYN-Y-BIA MANAGEMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






BRYN-Y-BIA MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04258774)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRYN-Y-BIA MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Blower Esq
Mrs V T Hicks
Mrs G McPartlan
Dr B Whitehead





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH





REGISTERED NUMBER: 04258774 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH
Page 1
BRYN-Y-BIA MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04258774)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 - 422
Cash at bank 27,490 36,690
27,490 37,112
CREDITORS
Amounts falling due within one year 5 16,746 812
NET CURRENT ASSETS 10,744 36,300
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,744
36,300

PROVISIONS FOR LIABILITIES 6 10,734 36,290
NET ASSETS 10 10

CAPITAL AND RESERVES
Called up share capital 7 10 10
SHAREHOLDERS' FUNDS 10 10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
BRYN-Y-BIA MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04258774)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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 3 March 2025 and were signed on its behalf by:




J Blower Esq - Director



Mrs G McPartlan - Director


The notes form part of these financial statements

Page 3
BRYN-Y-BIA MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04258774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Bryn-y-Bia Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable.

Provision for future maintenance
The company transfers its annual surplus/(deficit) to a sinking fund reserve to cover the cost of necessary future repairs as they arise.

Cash and cash equivalents
The company holds two bank accounts with Santander, the monies of which are held on trust, for the benefit of the leaseholders for the time being.

Trade and other debtors
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 39
Prepayments - 383
- 422

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 15,833 -
Tax 103 62
Accrued expenses 810 750
16,746 812

Page 4 continued...
BRYN-Y-BIA MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04258774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions
Sinking fund - general repairs 10,734 20,998
Sinking fund - render - 10,000
Sinking fund - painting - 5,292
10,734 36,290


General
repairs

Render

Painting
£££
Balance at 1 January 202420,99810,0005,292
Movement in the year(10,264)(10,000)(5,292)
Balance at 31 December 202410,734--

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

Page 5