Caldwell House Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024

1	General information

Caldwell House Management Company Limited (the 'company') is a company limited by guarantee, registered in England and Wales under the Companies Act, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. The address of the registered office is given on page 1.

2	Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Departures from Companies Act requirements

The financial statements depart from the standard format of the Companies Act 2006 in that turnover has been replaced by service charge income, cost of sales has been replaced by service charge expenditure and profit/(loss) has been replaced by surplus/(deficit). This departure, as permitted by s396 of the Companies Act 2006, has arisen because the directors consider that this presentation is more appropriate given the nature of the company's activity. The result for the year is unaffected by the accounting treatment adopted.

Caldwell House Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)

2	Accounting policies (continued)

Judgements

There are no critical judgements made by the directors in the process of applying the company’s accounting policies which have the most significant effect on the amounts recognised in the financial statements.

Revenue recognition

Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.

Service charge income represents variable service charges receivable from the members for the year. Reserve fund income represents contributions receivable from the members for the year.

Taxation

The company acts as a trustee in respect of funds held to manage 48 Trinity Church Road, Barnes, London, SW13. In consequence, service charge and reserve fund contributions and service charge and reserve fund expenditure items are neither taxable nor allowable for corporation tax purposes. Income tax is provided on investment income at the current rate of tax when the income tax liability is greater than £100.00.

Property, plant and equipment

Tangible fixed assets comprises the freehold land at Caldwell House, 48 Trinity Church Road, Barnes, London, SW13 8EJ, which is stated as a nominal value of £1. No depreciation is provided on this.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and are subject to an insignificant risk of change in value.

Receivables

Service charge and reserve fund arrears are amounts due at the financial year end from the members.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.Payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Caldwell House Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Taxation

	2024 £	2023 £
Income tax on interest received	1,889	459

The company acts as trustee in respect of funds held to manage 48 Trinity Church Road, Barnes, London, SW13. Investment income is subject to income tax at the rate of tax of 20% (2023/24 - 20%). No liability to UK corporation tax arose on activities for the year ended 24 December 2024 nor for the year ended 24 December 2023.

5	Property, plant and equipment

	Freehold land £
Cost
At 25 December 2023	1
At 24 December 2024	1
Carrying amount
At 24 December 2024	1
At 24 December 2023	1

6	Receivables

	2024 £	2023 £
Other debtors	613	283
Prepayments and accrued income	3,160	3,082
	3,773	3,365

Caldwell House Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)

7	Cash and cash equivalents

	2024 £	2023 £
Cash at bank - client account	42,391	305,573
NatWest deposit account	96,747	93,731
Metro bank deposit account	82,149	-
Virgin Money Plc current a/c	100	-
Virgin Money Plc - fixed rate savings account	82,618	-
Aldermore Bank Plc - fixed rate business account	81,664	-
Saffron Building Society - corporate maturity account	50,000	-
	435,669	399,304

Funds are held in trust at National Westminster Bank Plc in two accounts maintained by Willmotts (Ealing) Limited, the managing agents, the first is a designated client account and the second, in a deposit account under the title Willmotts (Ealing) Limited Clients Account Re Caldwell House. Further funds are held in accounts in the name of the company, Caldwell House Management Company Ltd, at Virgin Money Plc, Aldermore Bank Plc and Saffron Building Society; all of these accounts are administered by the directors of the company.

8

Payables

	2024 £	2023 £
Due within one year
Service charge creditors - unpaid invoices	601	664
Service charge and reserve fund receipts in advance	3,413	10,220
Income tax liability	2,349	459
Other creditors	708	708
Accruals and deferred income	4,056	4,018
	11,127	16,069

9

Reserves

Reserves

The general reserve represents cumulative surpluses or deficits and reserve fund contributions net of reserve fund expenditure.

Caldwell House Management Company Limited

Notes to the Financial Statements
for the Year Ended 24 December 2024 (continued)

10	Related party transactions

There were no related party transactions to disclose.

11	Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 22 September 2025 was Ransford Agyei-Boamah, who signed for and on behalf of Shaw Gibbs (Audit) Limited.