Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

BARRY SWICK
MARILYN SPERLING
ROBERT LEVENE
ANNE CRAWLEY
JOHN GRIEVE
HEATHER PASS

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 October 2025

And signed on behalf of the board by:
Name: ROBERT LEVENE
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

	2025	2024
	£	£
Turnover:	9,720	7,560
Gross profit(or loss):	9,720	7,560
Administrative expenses:	( 9,741 )	6,100
Operating profit(or loss):	(21)	13,660
Interest receivable and similar income:	2,048	2,486
Profit(or loss) before tax:	2,027	16,146
Profit(or loss) for the financial year:	2,027	16,146

Balance sheet

As at 31 March 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets:	3	78,061	78,061
Total fixed assets:		78,061	78,061
Current assets
Debtors:	4	22,322	23,698
Cash at bank and in hand:		131,136	139,261
Total current assets:		153,458	162,959
Creditors: amounts falling due within one year:	5	( 2,000 )	( 13,528 )
Net current assets (liabilities):		151,458	149,431
Total assets less current liabilities:		229,519	227,492
Creditors: amounts falling due after more than one year:	6	( 125,497 )	( 125,497 )
Total net assets (liabilities):		104,022	101,995
Capital and reserves
Called up share capital:		57	57
Other reserves:		88,000	88,000
Profit and loss account:		15,965	13,938
Total Shareholders' funds:		104,022	101,995

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The company exists as the formal owner of the freehold ground on which leasehold flats are erected, and to maintain the communal parts and fabric. The company is primarily non-profit making, deriving the majority of its income from the occupying leaseholders but does receive a small amount of rental income.

  Tangible fixed assets depreciation policy

  Freehold land and buildings are not depreciated. Properties are maintained to ensure that their value does not diminish over time and the maintenance costs are charged to profit and loss in the year in which they are incurred. In the directors' opinion, depreciation would be immaterial and has not been charged.

  Intangible fixed assets amortisation policy

  Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment costs.

  Other accounting policies

  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.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	6	6