Cherry Court (Folkestone) Management Company Limited

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

Registered number: 01397868

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		151		151

			151		151
CURRENT ASSETS
Debtors	5	2,076		9,647
Cash at bank and in hand		8,887		1,263

		10,963		10,910
Creditors: Amounts Falling Due Within One Year	6	(7,914 )		(7,861 )

NET CURRENT ASSETS (LIABILITIES)			3,049		3,049

TOTAL ASSETS LESS CURRENT LIABILITIES			3,200		3,200

NET ASSETS			3,200		3,200

RESERVES
Other reserves			3,200		3,200

MEMBERS' FUNDS			3,200		3,200

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

Mr J Ashe

Director

18/09/2025

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

1. General Information

Cherry Court (Folkestone) Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01397868 . The registered office is 1-2 Rhodium Point Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

2.4. 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 rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the costs incurred each year.

2.5. 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:

Freehold reversion

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable with one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. Average Number of Employees

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

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Cherry Court (Folkestone) Management Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Freehold reversion
	£
Cost
As at 1 January 2024	151

As at 31 December 2024	151

Net Book Value
As at 31 December 2024	151

As at 1 January 2024	151

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	2,076	9,647

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	7,914	7,861

7. 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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