Colwick Park Management Limited 01686411 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the management of the communal areas of land on the residential estate known as Colwick Park. Each of the residents on the estate is a member of the company and has guaranteed the sum of £1 to the company. Digita Accounts Production Advanced 6.30.9574.0 true 01686411 2024-04-01 2025-03-31 01686411 2025-03-31 01686411 core:CurrentFinancialInstruments 2025-03-31 01686411 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01686411 core:LandBuildings 2025-03-31 01686411 bus:SmallEntities 2024-04-01 2025-03-31 01686411 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01686411 bus:FilletedAccounts 2024-04-01 2025-03-31 01686411 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01686411 bus:RegisteredOffice 2024-04-01 2025-03-31 01686411 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 01686411 bus:Director2 2024-04-01 2025-03-31 01686411 bus:Director3 2024-04-01 2025-03-31 01686411 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 01686411 bus:Agent1 2024-04-01 2025-03-31 01686411 countries:UnitedKingdom 2024-04-01 2025-03-31 01686411 core:LandBuildings 2024-03-31 01686411 2023-04-01 2024-03-31 01686411 2024-03-31 01686411 core:CurrentFinancialInstruments 2024-03-31 01686411 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01686411 core:LandBuildings 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 01686411

Colwick Park Management Limited
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Colwick Park Management Limited

Contents

Company Information | 1
Accountants' Report | 2
Income and Expenditure Account | 3
Balance Sheet | 4 to 5
Notes to the Unaudited Financial Statements | 6 to 8

Colwick Park Management Limited

Company Information

Directors | P A Spinks W A Fritchley C M Mitchell

Company secretary | P A Spinks

Registered office | 76 Bridgford Road West Bridgford Nottingham NG2 6AX

Accountants | 9ine Chartered Accountants76 Bridgford Road West Bridgford Nottingham NG2 6AX

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Colwick Park Management Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Colwick Park Management Limited for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Colwick Park Management Limited , as a body, in accordance with the terms of our engagement letter dated 28 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of Colwick Park Management Limited and state those matters that we have agreed to state to the Board of Directors of Colwick Park Management Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colwick Park Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Colwick Park Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Colwick Park Management Limited . You consider that Colwick Park Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Colwick Park Management Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
9ine
Chartered Accountants
76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

1 November 2025

Colwick Park Management Limited

Income and Expenditure Account for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Turnover | 31,419 | 32,324
Cost of sales | (21,290) | (20,937)
Gross surplus | 10,129 | 11,387
Administrative expenses | (15,981) | (12,438)
Operating deficit | (5,852) | (1,051)
Deficit before tax | (5,852) | (1,051)
Deficit for the financial year | (5,852) | (1,051)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Colwick Park Management Limited

(Registration number: 01686411)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1 | 1
Current assets |  |  |
Debtors | 5 | 26,056 | 24,515
Cash at bank and in hand |  | 20,900 | 24,082
|  | 46,956 | 48,597
Creditors: Amounts falling due within one year | 6 | (14,768) | (10,557)
Net current assets |  | 32,188 | 38,040
Net assets |  | 32,189 | 38,041
Reserves |  |  |
Retained reserves |  | 32,189 | 38,041
Surplus |  | 32,189 | 38,041

Colwick Park Management Limited

(Registration number: 01686411)
Balance Sheet as at 31 March 2025

For the financial year ending 31 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 and Expenditure Account.

Approved and authorised by the Board on 1 November 2025 and signed on its behalf by:

......................................... P A Spinks Company secretary and director | ......................................... W A Fritchley Director | ......................................... C M Mitchell Director

Colwick Park Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a company limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

These financial statements were authorised for issue by the Board on 1 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

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.

Judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Colwick Park Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income and expenditure account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

Colwick Park Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Land and buildings £
Cost or valuation
At 1 April 2024 | 1
At 31 March 2025 | 1
Depreciation
Carrying amount
At 31 March 2025 | 1
At 31 March 2024 | 1

Included within the net book value of land and buildings above is £1 (2024 - £1) in respect of freehold land and buildings.

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 26,056 | 24,515
| 26,056 | 24,515

6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 8,451 | 4,410
Taxation and social security | 2 | 2
Accruals and deferred income | 4,252 | 4,814
Other creditors | 2,063 | 1,331
| 14,768 | 10,557

7 | Off-balance sheet arrangements

Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.