IRIS Accounts Production v25.2.0.378 05733029 Board of Directors 1.1.24 31.12.24 31.12.24 the management of the property known as The Bridges, Neasham Road, Darlington, County Durham. 0 0 false true false false true false Fair value model 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05733029 2023-12-31 05733029 2024-12-31 05733029 2024-01-01 2024-12-31 05733029 2022-12-31 05733029 2023-01-01 2023-12-31 05733029 2023-12-31 05733029 ns15:EnglandWales 2024-01-01 2024-12-31 05733029 ns14:PoundSterling 2024-01-01 2024-12-31 05733029 ns10:Director1 2024-01-01 2024-12-31 05733029 ns10:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 05733029 ns10:SmallEntities 2024-01-01 2024-12-31 05733029 ns10:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05733029 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 05733029 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05733029 ns10:FullAccounts 2024-01-01 2024-12-31 05733029 ns10:Director2 2024-01-01 2024-12-31 05733029 ns10:Director3 2024-01-01 2024-12-31 05733029 ns10:RegisteredOffice 2024-01-01 2024-12-31 05733029 ns5:CurrentFinancialInstruments 2024-12-31 05733029 ns5:CurrentFinancialInstruments 2023-12-31 05733029 ns5:Non-currentFinancialInstruments 2024-12-31 05733029 ns5:Non-currentFinancialInstruments 2023-12-31 05733029 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 05733029 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 05733029 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 05733029 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 05733029 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-12-31 05733029 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2023-12-31 05733029 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 05733029 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: 05733029 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED (REGISTERED NUMBER: 05733029)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31st December 2024

Page |

Company Information | 1 |

Report of the Directors | 2 |

Income Statement | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 6 |

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED

COMPANY INFORMATION

for the Year Ended 31st December 2024

| DIRECTORS: | F E Auckland

| M Hutchinson

| D Molyneux-Johnson

| REGISTERED OFFICE: | Ossington Chambers

| Castle Gate

| Newark on Trent

| NG24 1AX

| REGISTERED NUMBER: | 05733029 (England and Wales)

| ACCOUNTANTS: | Stephenson Nuttall & Co

| Chartered Accountants

| Ossington Chambers

| 6-8 Castle Gate

| Newark

| Nottinghamshire

| NG24 1AX

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED (REGISTERED NUMBER: 05733029)

REPORT OF THE DIRECTORS

for the Year Ended 31st December 2024

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

F E Auckland

M Hutchinson

D Molyneux-Johnson

LIMIT OF MEMBERS' LIABILITY

The Company is limited by guarantee and has no share capital

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M Hutchinson - Director

13th September 2025

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED (REGISTERED NUMBER: 05733029)

INCOME STATEMENT

for the Year Ended 31st December 2024

| 31/12/24 |  | 31/12/23

| Notes | £ | £ |

INCOME | 57,486 |  | 57,343 |  |

Service charge expenditure | 56,430 |  | 56,408 |  |

OPERATING SURPLUS | 1,056 |  | 935 |  |

Interest receivable and similar income | 764 |  | 430 |  |

SURPLUS BEFORE TAXATION | 1,820 |  | 1,365 |  |

Tax on surplus | 4 | 145 |  | 545 |  |

SURPLUS FOR THE FINANCIAL YEAR | 1,675 |  | 820 |  |

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED (REGISTERED NUMBER: 05733029)

BALANCE SHEET

31st December 2024

| 31/12/24 | 31/12/23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 5 | 41,369 |  | 41,369 |  |

CURRENT ASSETS

Debtors | 6 | 74,533 |  | 66,846 |  |

CREDITORS

Amounts falling due within one year | 7 | 61,339 |  | 53,037 |  |

NET CURRENT ASSETS | 13,194 |  | 13,809 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 54,563 |  | 55,178 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 37,617 |  | 37,617 |  |

NET ASSETS | 16,946 |  | 17,561 |  |

RESERVES

Income and expenditure account | 9 | 16,946 |  | 17,561 |  |

16,946 |  | 17,561 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED (REGISTERED NUMBER: 05733029)

BALANCE SHEET - continued

31st December 2024

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

The financial statements were approved by the Board of Directors and authorised for issue on 13th September 2025 and were signed on its behalf by:

M Hutchinson - Director

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED (REGISTERED NUMBER: 05733029)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31st December 2024

1. | STATUTORY INFORMATION

| The Bridges (Darlington) Management Company Limited is a private company, limited by guarantee , 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.

| Income

| During the year the company received monies from lessees, as agents, in respect of service charges and associated income, which are held on trust and do not constitute turnover.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

| Loans

| Loans are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost.

| Presentation of the income statement

| The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property.

3. | EMPLOYEES AND DIRECTORS

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

| 31/12/24 |  | 31/12/23

£ | £ |

| Directors' remuneration | - |  | - |  |

4. | TAXATION

| Analysis of the tax charge

| The tax charge on the surplus for the year was as follows:

| 31/12/24 |  | 31/12/23

£ | £ |

| Current tax:

| UK corporation tax | 145 |  | 545 |  |

| Tax on surplus | 145 |  | 545 |  |

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED (REGISTERED NUMBER: 05733029)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31st December 2024

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st January 2024

| and 31st December 2024 | 41,369 |  |

| NET BOOK VALUE

| At 31st December 2024 | 41,369 |  |

| At 31st December 2023 | 41,369 |  |

| During the year 23 (38.33%) of the 60 flats had there leases extended to 999 years and therefore it is deemed that 38.33% of the freehold cost has been disposed off.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Trade debtors | 19,890 |  | 8,184 |  |

| Other debtors | 54,643 |  | 58,662 |  |

74,533 |  | 66,846 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Trade creditors | 5,149 |  | 4,130 |  |

| Taxation and social security | 145 |  | 545 |  |

| Other creditors | 56,045 |  | 48,362 |  |

61,339 |  | 53,037 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31/12/24 |  | 31/12/23

£ | £ |

| Other creditors | 37,617 |  | 37,617 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans | 37,617 |  | 37,617 |  |

THE BRIDGES (DARLINGTON) MANAGEMENT

COMPANY LIMITED (REGISTERED NUMBER: 05733029)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31st December 2024

9. | RESERVES

| Income

| and

| expenditure

| account

£ |

| At 1st January 2024 | 17,561 |  |

| Surplus for the year | 1,675 |  |

| Transfer from/(to) service charge account | (2,290 | ) |

| At 31st December 2024 | 16,946 |  |

10. | RELATED PARTY DISCLOSURES

| The company is a mutual trading company and as such received income in the form of service charges from residents, some of whom are directors of the company. Service charges receivable from the directors are on the same basis as for all of the other residents.

11. | LIMIT OF MEMBERS LIABILITY

| The liability of the members of the company is limited by guarantee to £1 each.