The Austen Place Management Company Limited

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

Registered number: 04753772

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	2,815		1,817
Cash at bank and in hand		22,733		20,943

		25,548		22,760
Creditors: Amounts Falling Due Within One Year	5	(7,269 )		(10,008 )

NET CURRENT ASSETS (LIABILITIES)			18,279		12,752

TOTAL ASSETS LESS CURRENT LIABILITIES			18,279		12,752

NET ASSETS			18,279		12,752

CAPITAL AND RESERVES
Called up share capital	6		22		22
Profit and Loss Account			18,257		12,730

SHAREHOLDERS' FUNDS			18,279		12,752

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 Profit and Loss Account.

On behalf of the board

Mr Don Everett

Director

9 September 2025

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

1. General Information

The Austen Place Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04753772 . The registered office is Hillcrest Estate Management Limited 5 Grove Road, Redland, Bristol, BS6 6UJ.

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. Turnover

Turnover relates to the service charges charged to leaseholders on a monthly basis and accumulated over the year. No invoices are raised but the service charge is based on a budget agreed with the leaseholders.

The company does not trade.

2.3. Bank interest received

Service charge monies are held on trust in accordance with section 42, Landlord and Tenant Act 1987. Interest earned on service charge monies held on deposit is taxable at the basic rate on income tax, subject to a dispensation offered by HM Revenue & Customs to waive this requirement.

2.4. Bank accounts

Service charge monies were held in trust in the following bank account.

Lloyds Bank PLC, Milton Keynes under the title HEMLTD-CLIENT-THE AUSTEN PL MGNT CO LTD (account number 76528560).

2.5. Accounts preparation

The accounts are prepared in accordance with the provisions of the lease and on an accruals basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 2)

4. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	909	153
Amounts due from leaseholders	1,906	1,664

	2,815	1,817

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	192	2,844
Amounts paid in advance by leaseholders	5,102	5,972
Accruals and deferred income	1,975	1,192

	7,269	10,008

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	22	22

Page 2

Page 3

The Austen Place Management Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Michael Fitch	538	-	-	-	128

The above loan is unsecured, interest free and repayable on demand. Loans to directors represents the balance owed to the company in respect of their service charge account.