0 0 43/48 Castelnau Gardens Management Company Limited 03146909 false 2024-03-26 2025-03-25 2025-03-25 The principal activity of the company is the management and administration of the property known as 43/48 Castelnau Gardens, Arundel Terrace, Barnes, London, SW13 9DU Digita Accounts Production Advanced 6.30.9574.0 true true 03146909 2024-03-26 2025-03-25 03146909 2025-03-25 03146909 bus:OrdinaryShareClass1 2025-03-25 03146909 core:RetainedEarningsAccumulatedLosses 2025-03-25 03146909 core:ShareCapital 2025-03-25 03146909 core:SharePremium 2025-03-25 03146909 core:CurrentFinancialInstruments 2025-03-25 03146909 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-25 03146909 core:LandBuildings 2025-03-25 03146909 bus:SmallEntities 2024-03-26 2025-03-25 03146909 bus:AuditExemptWithAccountantsReport 2024-03-26 2025-03-25 03146909 bus:FilletedAccounts 2024-03-26 2025-03-25 03146909 bus:SmallCompaniesRegimeForAccounts 2024-03-26 2025-03-25 03146909 bus:RegisteredOffice 2024-03-26 2025-03-25 03146909 bus:CompanySecretary1 2024-03-26 2025-03-25 03146909 bus:Director2 2024-03-26 2025-03-25 03146909 bus:Director3 2024-03-26 2025-03-25 03146909 bus:OrdinaryShareClass1 2024-03-26 2025-03-25 03146909 bus:PrivateLimitedCompanyLtd 2024-03-26 2025-03-25 03146909 bus:Agent1 2024-03-26 2025-03-25 03146909 core:LandBuildings 2024-03-26 2025-03-25 03146909 countries:EnglandWales 2024-03-26 2025-03-25 03146909 core:LandBuildings 2024-03-25 03146909 2023-03-26 2024-03-25 03146909 2024-03-25 03146909 bus:OrdinaryShareClass1 2024-03-25 03146909 core:RetainedEarningsAccumulatedLosses 2024-03-25 03146909 core:ShareCapital 2024-03-25 03146909 core:SharePremium 2024-03-25 03146909 core:CurrentFinancialInstruments 2024-03-25 03146909 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-25 03146909 core:LandBuildings 2024-03-25 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03146909

43/48 Castelnau Gardens Management Company Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 25 March 2025

43/48 Castelnau Gardens Management Company Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Unaudited Financial Statements | 3 to 6

43/48 Castelnau Gardens Management Company Limited

Company Information

Directors | S Kingston I Nazarenko

Company secretary | Willmotts (Ealing) Limited

Registered office | Willmott House 12 Blacks Road London W6 9EU

Accountants | Service Charge Assurance Limited Chartered AccountantsSalatin House 19 Cedar Road Sutton Surrey SM2 5DA

43/48 Castelnau Gardens Management Company Limited

(Registration number: 03146909)
Statement of Financial Position as at 25 March 2025

| Note | 2025 £ | 2024 £
Non-current assets |  |  |
Property, plant and equipment | 4 | 3,440 | 3,440
Current assets |  |  |
Debtors | 5 | 5,779 | 4,512
Cash at bank and in hand | 6 | 21,449 | 17,374
|  | 27,228 | 21,886
Payables: Amounts falling due within one year | 7 | (2,758) | (1,157)
Net current assets |  | 24,470 | 20,729
Net assets |  | 27,910 | 24,169
Equity |  |  |
Called up share capital | 8 | 60 | 60
Share premium reserve | 9 | 3,380 | 3,380
Retained earnings | 9 | 24,470 | 20,729
Shareholders' funds |  | 27,910 | 24,169

For the financial year ending 25 March 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

The financial statements of 43/48 Castelnau Gardens Management Company Limited were approved and authorised for issue by the Board on 25 September 2025 and signed on its behalf by:

.........................................

S Kingston
Director

43/48 Castelnau Gardens Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 25 March 2025

1 | General information

43/48 Castelnau Gardens Management Company Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

2 | Accounting policies

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Departures from Companies Act requirements

The financial statements depart from the standard format of the Companies Act 2006 in that turnover has been replaced by service charge income, cost of sales has been replaced by service charge expenditure and profit/(loss) has been replaced by surplus/(deficit). This departure, as permitted by s396 of the Companies Act 2006, has arisen because the directors consider that this presentation is more appropriate given the nature of the company's activity. The result for the year is unaffected by the accounting treatment adopted.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

43/48 Castelnau Gardens Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 25 March 2025 (continued)

2 | Accounting policies (continued)

Revenue recognition

Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987. Service charge income represents variable service charges receivable from the leaseholders for the year. Reserve fund income represents contributions receivable from the leaseholders for the year.

Tax

The company acts as a trustee in respect of funds held to manage 43-48 Castelnau Gardens. In consequence, service charge income and service charge expenditure items are neither taxable nor allowable for corporation tax purposes and therefore there is no liability to UK corporation tax.

Property, plant and equipment

Property, plant and equipment comprises the freehold land at 43/48 Castelnau Gardens. No depreciation is provided on freehold land.

Asset class | Depreciation method and rate
Freehold land | No depreciation provided

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank and are subject to an insignificant risk of change in value.

Receivables

Service charge arrears are amounts due at the financial year end from the leaseholders.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from contractors and suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

43/48 Castelnau Gardens Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 25 March 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Property, plant and equipment

| Land and buildings £
Cost or valuation
At 26 March 2024 | 3,440
At 25 March 2025 | 3,440
Carrying amount
At 25 March 2025 | 3,440
At 25 March 2024 | 3,440

5 | Receivables

| 2025 £ | 2024 £
Service charge arrears | - | 6
Prepayments and accrued income | 5,779 | 4,506
| 5,779 | 4,512

6 | Cash and cash equivalents

| 2025 £ | 2024 £
Cash at bank - client account | 21,449 | 17,374

Funds are held in trust at National Westminster Bank Plc in a designated client account maintained by Willmotts (Ealing) Limited, the managing agents.

43/48 Castelnau Gardens Management Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 25 March 2025 (continued)

7 | Payables

| 2025 £ | 2024 £
Due within one year |  |
Service charge creditors - unpaid invoices | 591 | 574
Service charge received in advance from lessees | 1,500 | -
Accrued expenses | 667 | 583
| 2,758 | 1,157

8 | Share capital and reserves

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £10 each | 6 | 60 | 6 | 60

9 | Reserves

Revenue reserve
The revenue reserve represents cumulative surpluses or deficits and reserve fund contributions.