REGISTERED NUMBER: 06264770 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2023 to 29 November 2024

for

Corn Mill (Menston) Management Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K G Luty

C P Kirk

REGISTERED OFFICE:

35 Brook Street

lkley

West Yorkshire

LS29 8AG

REGISTERED NUMBER:

06264770 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Suite 4, 10/12 The Grove,

Ilkley

West Yorkshire

LS29 9EG

Fixed assets

Tangible assets

3

4,584

4,584

Current assets

Debtors

4

4,352

262

Cash at bank and in hand

18,196

20,454

22,548

20,716

Creditors

Amounts falling due within one year

5

(5,288

)

(488

)

Net current assets

17,260

20,228

Total assets less current liabilities

21,844

24,812

Reserves

Capital redemption reserve

7

4,584

4,584

Members' maintenance fund

7

17,260

20,228

Shareholders' funds

21,844

24,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2024 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 29 October 2025 and were signed on its behalf by:

K G Luty - Director

1.	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.

TANGIBLE FIXED ASSETS

The Company owns the Freehold of the land upon which the flats are built, and this is shown in these Financial Statements at their original cost price of £4,584. No depreciation has been charged.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

3.	TANGIBLE FIXED ASSETS

Freehold

£

COST

At 1 June 2023

and 29 November 2024

4,584

NET BOOK VALUE

At 29 November 2024

4,584

At 31 May 2023

4,584

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

3,870

-

Prepayments

482

262

4,352

262

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Accrued expenses

5,288

488

6.	CALLED UP SHARE CAPITAL

The company is limited by guarantee and does not have a share capital. The liability of each member is limited to a maximum of £1. The total number of members at 29th November 2024 was 36.

7.

RESERVES

Members'

Capital

maintenance

redemption

fund

reserve

Totals

£

£

£

At 1 June 2023

20,228

4,584

24,812

Deficit for the period

(11,991

)

(11,991

)

Members' contributions

9,023

-

9,023

At 29 November 2024

17,260

4,584

21,844

8.	CONTINGENT LIABILITIES

In December 2015, retaining walls on a piece of land being developed for a new local grocery store were removed by the contractor. Heavy rain,at a later date, caused water to cascade down the slope towards the beck resulting in a landslip behind the flats in Bradford Road.

Once ownership had been established, the company held 3 visual inspections with organisations who have expertise in this area and chose one to complete a full report on how to stabilise the slope.That report was received in August 2018. This suggested that the cost of solving the problem could be in the region of £140000.

The company has liaised with the local authority and the contractor who removed the walls. They have also taken legal advice with a local firm of solicitors.

Legal liability has not been established at the date of this report.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are no transactions to report during the year (2023 None).