| DEGANWY FLATS MANAGEMENT LIMITED |
| Registered number: |
01778433 |
| Balance Sheet |
| as at 24 June 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
16,503 |
|
|
17,000 |
|
| Current assets |
| Debtors |
4 |
|
2,036 |
|
|
5,917 |
| Cash at bank and in hand |
|
|
24,043 |
|
|
17,600 |
|
|
|
26,079 |
|
|
23,517 |
|
| Creditors: amounts falling due within one year |
5 |
|
(338) |
|
|
(1,869) |
|
| Net current assets |
|
|
|
25,741 |
|
|
21,648 |
|
| Net assets |
|
|
|
42,244 |
|
|
38,648 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
45 |
|
|
45 |
| Profit and loss account |
|
|
|
42,199 |
|
|
38,603 |
|
| Shareholder's funds |
|
|
|
42,244 |
|
|
38,648 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mrs M Lloyd |
| Director |
| Approved by the board on 17 September 2025 |
|
| DEGANWY FLATS MANAGEMENT LIMITED |
| Notes to the Accounts |
| for the year ended 24 June 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Income and expenditure arising from the maintenance of the common parts in accordance with the lease are shown in the separate service charge accounts for the property and do not form part of the annual accounts for the Company and are not filed at Companies House. All service charge monies received from the flats and houses of Deganwy Beach Estate are held on trust for the tenants. |
|
|
Turnover |
|
Turnover represents ground rents collected by the Company and the invoiced value of other services provided by the Company. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives of 20 years. |
|
|
Plant and machinery |
5% straight line |
|
Digital TV aerials system |
5% straight line |
|
|
Deferred Taxation |
|
The Company does not account for deferred taxation as in the opinion of the Directors such provision would not materially affect the accounts now presented. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 25 June 2024 |
17,049 |
|
10,256 |
|
27,305 |
|
At 24 June 2025 |
17,049 |
|
10,256 |
|
27,305 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 25 June 2024 |
1,141 |
|
9,164 |
|
10,305 |
|
Charge for the year |
- |
|
497 |
|
497 |
|
At 24 June 2025 |
1,141 |
|
9,661 |
|
10,802 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 24 June 2025 |
15,908 |
|
595 |
|
16,503 |
|
At 24 June 2024 |
15,908 |
|
1,092 |
|
17,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
15,898 |
|
15,898 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
15,898 |
|
15,898 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
2,036 |
|
5,917 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
338 |
|
1,869 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
DEGANWY FLATS MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
37 Marsh Parade |
|
Newcastle-Under-Lyme |
|
ST5 1BT |