COMPANY REGISTRATION NUMBER:
08392673
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Trevereux Management Company Limited |
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Company Limited by Guarantee |
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Filleted Unaudited Financial Statements |
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Trevereux Management Company Limited |
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Company Limited by Guarantee |
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Statement of Financial Position |
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31 December 2024
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2024 |
2023 |
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(restated) |
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Note |
£ |
£ |
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Current assets
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Debtors |
7 |
11,030 |
10,368 |
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Cash at bank and in hand |
152,922 |
131,894 |
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163,952 |
142,262 |
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Creditors: amounts falling due within one year |
8 |
16,859 |
15,155 |
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Net current assets |
147,093 |
127,107 |
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Total assets less current liabilities |
147,093 |
127,107 |
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Net assets |
147,093 |
127,107 |
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Capital and reserves
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General Reserve Funds |
147,093 |
127,107 |
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Members funds |
147,093 |
127,107 |
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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 comprehensive income 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.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Trevereux Management Company Limited |
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Company Limited by Guarantee |
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Statement of Financial Position (continued) |
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31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
15 September 2025
, and are signed on behalf of the board by:
Company registration number:
08392673
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Trevereux Management Company Limited |
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Company Limited by Guarantee |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 5th Floor, Melrose House, 42 Dingwall Road, Croydon, Surrey, CR0 2NE.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debt instruments are subsequently measured at amortised cost.
4.
Bank account
Service charge money was held in trust at Barclays Bank Plc under the title Property Maintenance & Management Services Ltd designated client account RE: Trevereux Management Co. Ltd.
5.
Company limited by guarantee
The company is limited by guarantee without a share capital. In the event of the Company being wound up, each member has guaranteed to contribute up to £1 each.
6.
Tangible assets
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Equipment |
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£ |
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Cost |
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At 1 January 2024 (as restated) and 31 December 2024 |
2,448 |
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------- |
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Depreciation |
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At 1 January 2024 and 31 December 2024 |
2,448 |
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------- |
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Carrying amount |
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At 31 December 2024 |
– |
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------- |
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At 31 December 2023 |
– |
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------- |
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A reserve pump was purchased in 2017, to ensure continuity of service should a fatal fault occur. This pump has now been used and therefore the asset has been depreciated to zero.
7.
Debtors
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Other debtors |
11,030 |
10,368 |
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8.
Creditors:
amounts falling due within one year
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Trade creditors |
– |
1,176 |
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Other creditors |
16,859 |
13,979 |
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16,859 |
15,155 |
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9.
Prior period errors
The entryphone costs totalling £594 within the prior year expenses, should have been charged as Estate expenses, but were incorrectly charged to Apartment expenses, so have been adjusted within these financial statements.
10.
General reserve fund - apartments
£
As at 1 January 2024
115,854
Plus: prior year adjustment
594
Transfer from income and expenditure account
18,026
Surplus for the period
2,502
As at 31 December 2024
136,976
The General Reserve Fund - Apartments has been established to meet the cost of large, non-regular repair and maintenance work which is expected to arise in the future on behalf of the apartment buildings. The present level of this fund may prove insufficient given the uncertainty as to when such costs may arise. Any shortfall in this fund resulting from expenditure incurred will be charged to the Income and Expenditure account in that year.
11.
General reserve fund - estate
£
As at 1 January 2024
11,253
Less: prior year adjustment
(594)
Transfer from income and expenditure account
7,147
Deficit for the period
(7,689)
As at 31 December 2024
10,117
The General Reserve Fund - Estates has been established to meet the cost of longer term repairs and maintenance work which is expected to arise in the future in respect of the shared external communal costs such as repairs to the sewers, estate road and the conductive media. The present level of this fund may prove insufficient given the uncertainty as to when such costs may arise. Any shortfall in this fund resulting from expenditure incurred will be charged to the Income and Expenditure account in that year.
12.
Summary of costs as required by section 21(5) landlord and
tenant act 1985.
a) Costs charged in the accounts in respect of which no demand for payment was received by the landlord within the service charge period but provision has been made amounted to £29,073.
b) Costs charged in the accounts in respect of which a demand for payment was so received but no payment was made by the landlord within the service charge period amounted to £Nil.
c) Costs charged in the accounts in respect of which a demand for payment was so received and payment was made by the landlord within the service charge period amounted to £52,080.
Total expenditure incurred within the period totals £81,153.