REGISTERED NUMBER: 03318295 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TANBRIDGE PARK MANAGEMENT COMPANY

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A J Gearing

P S A Redmond

A N Christie

Ms G A Felton

REGISTERED OFFICE:

Penns Cottage

Horsham Road

Steyning

BN44 3LJ

REGISTERED NUMBER:

03318295 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Horsham) Limited

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

CURRENT ASSETS

Debtors

3

7,492

9,360

Cash at bank

10,277

21,024

17,769

30,384

CREDITORS

Amounts falling due within one year

4

(3,781

)

(3,037

)

NET CURRENT ASSETS

13,988

27,347

TOTAL ASSETS LESS CURRENT LIABILITIES

13,988

27,347

RESERVES

Decorating reserve

1,567

11,359

Maintenance reserve

7,953

10,911

Income and expenditure account

4,468

5,077

13,988

27,347

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 surplus or deficit 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 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 19 August 2025 and were signed on its behalf by:

P S A Redmond - Director

1.	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.

The accounts have been prepared as the financial statements for the resident management company acting as principal for all transactions during the year. Because of this, transactions entered into have been recognised in the profit and loss report, as per guidance from ICAEW under UITF 92 and previous legislation. The cash balance held by the company is being held on trust for the lessees in accordance with the Landlords and Tenants Act 1987, and is not an asset of the company.

Turnover

Turnover represents service charges payable towards the management of property known as Tanbridge Park, Horsham, West Sussex.

2.	EMPLOYEES AND DIRECTORS

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

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

955

1,793

Prepayments and accrued income

6,537

7,567

7,492

9,360

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,503

467

Accrued expenses

1,278

2,570

3,781

3,037

5.	REPAIRS AND MAINTENANCE

£

Communal door

78

Clean vents

570

Signage

54

Slab repairs

80

Fire foam

62

Unblock surface water gully

174

Fencing repairs

36

Bin clearance

70

Towers

600

Block 3 access charge

93

Annual maintenance charge

100

Fix screw to control unit

56

Flat 31 repair

133

Water damage repairs

640

Slate repairs

225

Verges

145

Roof repairs and louvred vent

370

Asbestos report

360

Bin store verges

1698

Gutters

1107

6,651

6.

RESERVES

Profit and loss account

Decorating reserve

Maintenance reserve

TOTAL

At 1 January 2024

5,077

11,359

10,911

27,347

Transfer of reserves

-

Major works

-

(9,792

)

(2,958

)

(12,750

)

Net surplus

(609

)

(609

)

At 31 December 2024

4,468

1,567

7,953

13,988