46 Somerset Road Management Company Limited

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

Registered number: 00879704

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		22		27

			22		27
CURRENT ASSETS
Debtors	5	-		465
Cash at bank and in hand		86,703		85,973

		86,703		86,438
Creditors: Amounts Falling Due Within One Year	6	(66,453 )		(67,214 )

NET CURRENT ASSETS (LIABILITIES)			20,250		19,224

TOTAL ASSETS LESS CURRENT LIABILITIES			20,272		19,251

NET ASSETS			20,272		19,251

Income and Expenditure Account			20,272		19,251

MEMBERS' FUNDS			20,272		19,251

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

Ms Evelyn Smith

Director

30/09/2025

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

1. General Information

46 Somerset Road Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00879704 . The registered office is 161 Ley Street, Ilford, IG1 4BL.

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

Income represents the subscriptions received from the members.

2.3. 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:

Plant & Machinery

20% reducing balance

2.4. 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.

2.5. 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.

3. Average Number of Employees

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

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	2,229

As at 31 December 2024	2,229

Depreciation
As at 1 January 2024	2,202
Provided during the period	5

As at 31 December 2024	2,207

Net Book Value
As at 31 December 2024	22

As at 1 January 2024	27

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46 Somerset Road Management Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	465

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	65,580	65,580
Accruals and deferred income	873	1,634

	66,453	67,214

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

In the event of the company being wound up every member or person who has been a member within the twelve months immediately preceding the date of the winding up order, undertakes to contribute a maximum of £20 if the assets of the company are insufficient to meet is liabilities in full.

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