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Registration number: 09631137

Liscombe House (Poundbury) Management Company Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

image-name

Chartered Accountants

 

Liscombe House (Poundbury) Management Company Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and loss

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Liscombe House (Poundbury) Management Company Limited

Company Information

Directors

D J Hume

P J R McHaffey

Company secretary

Templehill Property Management

Registered office

49 High West Street
Dorchester
Dorset
DT1 1UT

Accountants

Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

- 1 -

 

Liscombe House (Poundbury) Management Company Limited

Directors' Report
for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

D J Hume

P J R McHaffey

Principal activity

The principal activity of the company has been the provision of property management services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 26 September 2025 and signed on its behalf by:




Templehill Property Management
Company secretary

- 2 -

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Liscombe House (Poundbury) Management Company Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Liscombe House (Poundbury) Management Company Limited for the year ended 31 December 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Liscombe House (Poundbury) Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 27 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of Liscombe House (Poundbury) Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Liscombe House (Poundbury) Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Liscombe House (Poundbury) Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Liscombe House (Poundbury) Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Liscombe House (Poundbury) Management Company Limited. You consider that Liscombe House (Poundbury) Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Liscombe House (Poundbury) Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

30 September 2025

- 3 -

 

Liscombe House (Poundbury) Management Company Limited

Profit and Loss Account
for the Year Ended 31 December 2024

2024
£

2023
£

Turnover

24,714

23,460

Administrative expenses

(14,682)

(11,536)

Operating surplus

10,032

11,924

Other interest receivable and similar income

313

-

313

-

Surplus before tax

10,345

11,924

Taxation

-

-

Surplus for the financial year

10,345

11,924

- 4 -

 

Liscombe House (Poundbury) Management Company Limited

(Registration number: 09631137)
Balance Sheet as at 31 December 2024

Note

2024

2023
   

£

£

£

£

Current assets

    

 

Debtors

4

 

2,646

 

2,866

Cash at bank and in hand

    

45,481

 

33,467

   

48,127

 

36,333

Creditors: Amounts falling due within one year

5

 

(3,188)

  

(1,739)

Net assets

   

44,939

 

34,594

Capital and reserves

    

 

Reserve fund

44,939

  

34,594

  

Profit and loss account

-

  

-

  

   

44,939

  

34,594

For the financial 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.

Directors' responsibilities:

•

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

•

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:
 



D J Hume
Director

- 5 -

 

Liscombe House (Poundbury) Management Company Limited

Statement of Changes in Equity
for the Year Ended 31 December 2024

Reserve fund
£

Profit and loss account
£

Total
£

At 1 January 2024

34,594

-

34,594

Surplus for the year

-

10,345

10,345

Transfers

10,345

(10,345)

-

At 31 December 2024

44,939

-

44,939

Reserve fund
£

Profit and loss account
£

Total
£

At 1 January 2023

22,670

-

22,670

Surplus for the year

-

11,924

11,924

Transfers

11,924

(11,924)

-

At 31 December 2023

34,594

-

34,594

- 6 -

 

Liscombe House (Poundbury) Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, 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 its registered office is:
49 High West Street
Dorchester
Dorset
DT1 1UT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

- 7 -

 

Liscombe House (Poundbury) Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors on the board during the year was 2 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Amounts due from lessees

-

909

Prepayments

2,646

1,957

 

2,646

2,866

5

Creditors

2024
£

2023
£

Due within one year

Amounts received in advance from lessees

1,960

951

Accruals and other creditors

1,228

788

3,188

1,739

- 8 -