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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
Page 1
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

Page 2
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 notes form part of these financial statements

Page 3
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 notes form part of these financial statements

Page 4 continued...
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 notes form part of these financial statements

Page 5
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

Page 6 continued...
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

Page 7 continued...
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.

Page 8