REGISTERED NUMBER: 02853113 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Cumberland Park Gardens Management

Limited

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

Fixed assets

Tangible assets

4

6,872

8,922

Current assets

Debtors

5

31,899

21,222

Cash at bank and in hand

91,620

93,264

123,519

114,486

Creditors

Amounts falling due within one year

6

2,406

2,250

Net current assets

121,113

112,236

Total assets less current liabilities

127,985

121,158

Capital and reserves

Called up share capital

7

114

114

Retained earnings

127,871

121,044

Shareholders' funds

127,985

121,158

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 profit or loss 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

D Bartlett - Director

1.	STATUTORY INFORMATION

Cumberland Park Gardens Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02853113

Registered office:

22a Madden Road

Plymouth

Devon

PL1 4NE

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.

Turnover

Turnover represents service charges due from tenants as adjusted for amounts in advance or arrears at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 25 years

Equipment

-

25% on reducing balance

Taxation

This represents the charge to corporation tax on interest received on bank deposits and rents received for the supply of garages to residents.

As the company's activities are those of mutual trading there is no liability to corporation tax on other income.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

Equipment

Totals

£

£

£

Cost

At 1 January 2024

11,856

19,240

31,096

Disposals

-

(10,110

)

(10,110

)

At 31 December 2024

11,856

9,130

20,986

Depreciation

At 1 January 2024

9,183

12,991

22,174

Charge for year

488

1,562

2,050

Eliminated on disposal

-

(10,110

)

(10,110

)

At 31 December 2024

9,671

4,443

14,114

Net book value

At 31 December 2024

2,185

4,687

6,872

At 31 December 2023

2,673

6,249

8,922

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

27,592

17,852

Other debtors

4,307

3,370

31,899

21,222

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

125

-

Other creditors

2,281

2,250

2,406

2,250

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

114

Ordinary

£1

114

114

8.	RELATED PARTY DISCLOSURES

During the year the following transactions were undertaken with directors at arms length.

J McEvoy

£11,747

Gardening

M Sperring

£2,306

Cleaning

J Sperring

£1,183

Maintenance

J McEvoy

£1,920

Service charge

J & M Sperring

£960

Service charge

A Ferries

£960

Service charge

L Bunker

£960

Service charge

D Bartlett

£960

Service charge

C McMillan

£960

Service charge

M Peart

£960

Service charge