Parsons Court Management Company Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 01573841

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1		1

			1		1
CURRENT ASSETS
Debtors	5	4,220		2,470
Cash at bank and in hand		3,582		4,273

		7,802		6,743
Creditors: Amounts Falling Due Within One Year	6	(1,380 )		(1,069 )

NET CURRENT ASSETS (LIABILITIES)			6,422		5,674

TOTAL ASSETS LESS CURRENT LIABILITIES			6,423		5,675

NET ASSETS			6,423		5,675

RESERVES
Depreciation fund			6,423		5,735
Income and Expenditure Account			-		(60 )

MEMBERS' FUNDS			6,423		5,675

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Melanie Melhuish

Director

11 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Parsons Court Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01573841 . The registered office is 18a High West Street, Dorchester, DT1 1UY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% per annum on cost

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	1,675

As at 31 December 2024	1,675

Depreciation
As at 1 January 2024	1,674

As at 31 December 2024	1,674

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	1

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts due from lessees	4,220	2,470

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Parsons Court Management Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	229	182
Amounts in advance from Lessees	30	30
Accruals and deferred income	1,121	857

	1,380	1,069

7. Reserves

	Depreciation Fund	Profit and loss account	Total
	£	£	£
At 1 January 2023	5,735	(60)	5,675
Profit for the year	-	748	748
Total income	-	688	-
Transfer	688	(688)	-
At 31 December 2023	6,423	-	6,423

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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