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REGISTERED NUMBER: 02453587 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Telford's Quay (Management Company)

Limited

| Telford's Quay (Management Company) |

| Limited (Registered number: 02453587) |

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Telford's Quay (Management Company) |

| Limited |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | S J Parker

| P E Stelfox

| C Webber

| S James

| C W Evans

| A Owen

| I D Lester

| P Neave

| D J Stamp

| SECRETARY: | B-Hive Company Secretarial Services Limited

| REGISTERED OFFICE: | Stonemead House

| 95 London Road

| Croydon

| Surrey

| CR0 2RF

| REGISTERED NUMBER: | 02453587 (England and Wales)

| ACCOUNTANTS: | Johnstone Howell & Co

| 104 Whitby Road

| Ellesmere Port

| Cheshire

| CH65 0AB

| Telford's Quay (Management Company) |

| Limited (Registered number: 02453587) |

Balance Sheet

30 June 2025

2025 | 2024 |

| Notes | £ | £

CURRENT ASSETS

Debtors | 4 | 13,487 |  | 13,768 |  |

Cash at bank | 70,327 |  | 73,339 |  |

83,814 |  | 87,107 |  |

CREDITORS

Amounts falling due within one year | 5 | 24,538 |  | 21,759 |  |

NET CURRENT ASSETS | 59,276 |  | 65,348 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 59,276 |  | 65,348 |  |

CAPITAL AND RESERVES

Called up share capital | 53 |  | 53 |  |

Cyclical reserve | 6 | 35,021 |  | 35,021 |  |

Retained earnings | 6 | 24,202 |  | 30,274 |  |

SHAREHOLDERS' FUNDS | 59,276 |  | 65,348 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

P E Stelfox - Director

| Telford's Quay (Management Company) |

| Limited (Registered number: 02453587) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Telford's Quay (Management Company) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents service charges receivable, excluding value added tax.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 1,577 |  | 1,514 |  |

| Prepayments | 11,910 |  | 12,254 |  |

13,487 |  | 13,768 |  |

| Telford's Quay (Management Company) |

| Limited (Registered number: 02453587) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade creditors | 10,942 |  | 11,873 |  |

| Tax | 245 |  | - |  |

| Accruals and deferred income | 13,351 |  | 9,886 |  |

24,538 |  | 21,759 |  |

6. | RESERVES

Retained | Cyclical |

earnings | reserve | Totals |

| £ | £ | £

| At 1 July 2024 | 30,274 |  | 35,021 |  | 65,295 |  |

| Deficit for the year | (6,072 | ) | - |  | (6,072 | ) |

| At 30 June 2025 | 24,202 |  | 35,021 |  | 59,223 |  |

| The Cyclical reserve has been established to enable the company to allocate reserves towards the costs of major projects.

7. | CAPITAL COMMITMENTS

2025 | 2024 |

| £ | £

| Contracted but not provided for in the

| financial statements | - |  | 7,025 |  |

| There were two significant items of expenditure on repairs committed to at 30 June 2024, as follows:

| Firstly, the storms in January 2024 caused damage to ridge tiles, which necessitated the hire of a large cherry picker. The work was completed in September 2024 at total cost of £3,140 including VAT.

| Secondly, the latest fire survey identified a number of items in communal areas that required addressing at a total cost of £4,961 including VAT.

8. | RELATED PARTY DISCLOSURES

| In addition to the management fees shown in the income and expenditure account the following HML companies have provided services that have been charged for separately:

| Alexander Bonhill

| B-Hive Company Secretarial Services Limited

| HML PM Ltd

9. | POST BALANCE SHEET EVENTS

| Management have instigated action to purchase the underlease, from Redrow at a cost of £15,000 plus legal fees. This will be initially funded from the Cyclical reserve, but it is expected that additional amounts will be available in general reserves to add to the Cyclical reserve later in the current financial year, provided that there are no significant repair issues identified.