Company registration number 02533393 (England and Wales)
FRIARS WALK (LEWES) A MANAGEMENT COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
FRIARS WALK (LEWES) A MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Notes to the financial statements
2 - 4
FRIARS WALK (LEWES) A MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
5,767
6,893
Cash at bank and in hand
12,181
20,514
17,948
27,407
Creditors: amounts falling due within one year
6
(17,153)
(11,042)
Net current assets
795
16,365
Capital and reserves
Called up share capital
50
50
Profit and loss reserves
745
16,315
Total equity
795
16,365

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 September 2025 and are signed on its behalf by:
A Clifford
Director
Company registration number 02533393 (England and Wales)
FRIARS WALK (LEWES) A MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Friars Walk (Lewes) A Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ellmans, 43 Church Road, Hove, East Sussex, BN3 2BE.

1.1
Accounting convention

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 a mounts 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.

1.2
Turnover

Income represents management and other charges receivable from the owners during the year.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FRIARS WALK (LEWES) A MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

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.

3
Employees

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

2025
2024
Number
Number
Total
0
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,520
1,662
Other debtors
4,247
5,231
5,767
6,893
5
Bank account

Monies retained by the managing agent for the company are held in a designated client bank account with Barclays Bank Plc. Account number: 7338134, Sort Code: 20-12-80

FRIARS WALK (LEWES) A MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
17,153
11,042
7
Insurance Commission

Ellmans is authorised to conduct business by the Financial Conduct Authority through the RICS Designated Professional Body Scheme. A fee is not charged to clients for the work involved as it is remunerated by a rebate of commission from the brokers who place the insurance i n the year to 31st March 2025 a commission rebate of £325.66 was paid to Ellmans.

8
Audit report information

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:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss 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.

Senior Statutory Auditor:
Roger Clow FCA
Statutory Auditor:
Friend-James Limited
Date of audit report:
30 September 2025
2025-03-31 2024-04-01 false false false 30 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity A M E Clifford P J Harris E R King 02533393 2024-04-01 2025-03-31 02533393 2025-03-31 02533393 2024-03-31 02533393 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02533393 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02533393 core:ShareCapital 2025-03-31 02533393 core:ShareCapital 2024-03-31 02533393 core:RetainedEarningsAccumulatedLosses 2025-03-31 02533393 core:RetainedEarningsAccumulatedLosses 2024-03-31 02533393 bus:Director1 2024-04-01 2025-03-31 02533393 2023-04-01 2024-03-31 02533393 core:CurrentFinancialInstruments 2025-03-31 02533393 core:CurrentFinancialInstruments 2024-03-31 02533393 core:WithinOneYear 2025-03-31 02533393 core:WithinOneYear 2024-03-31 02533393 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02533393 bus:FRS102 2024-04-01 2025-03-31 02533393 bus:Audited 2024-04-01 2025-03-31 02533393 bus:Director2 2024-04-01 2025-03-31 02533393 bus:Director3 2024-04-01 2025-03-31 02533393 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02533393 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP