The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

Building 7 Harbourside Management Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Units 2 & 3, Beech Court, Hurst, Reading, Berkshire, RG10 0RQ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The truedirectors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors therefore consider that there are no adjustments required to the financial statements and that the company continues to be a going concern.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

The activities of the company do not constitute a trade for taxation purposes.

Sinking fund

The company holds sinking fund contributions received from leaseholders in accordance with Section 42 of the Landlord and Tenant Act 1987. These funds are held in trust and any profit and loss movements during the period are transferred to the sinking fund in the same period.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The company holds sinking fund contributions received from leaseholders in accordance with Section 42 of the Landlord and Tenant Act 1987. These funds are held in trust and any profit and loss movements during the period are transferred to the sinking fund in the same period. They are presented as asset or liability to the leaseholders. The balance of is included in other creditors at the year end and the balance is £61,511 (2023: £42,624).

As at the balance sheet date, the company owed its parent company of £17,717 (2023: £27,918).

The company is controlled by Crest Nicholson Operations Limited, its immediate parent, by virtue of its majority shareholding.

The ultimate parent, which prepares group accounts in which the company is consolidated, is Crest Nicholson plc, a company registered in England & Wales. Consolidated group financial statements of Crest Nicholson plc are available from 500 Dashwood Lang Road, Bourne Business Park, Addlestone, Surrey, KT15 2HJ, United Kingdom.