Tungsten Park (Lutterworth) Management Company Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 13199938

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	(20 )		(577 )
Cash at bank and in hand		4,948		4,748

		4,928		4,171
Creditors: Amounts Falling Due Within One Year	5	(4,928 )		(4,171 )

NET ASSETS			-		-

For the 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.

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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Jeffrey Penman

Director

03/11/2025

The notes on page 2 form part of these financial statements.

1. General Information

Tungsten Park (Lutterworth) Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 13199938 . The registered office is 5 Armston Road, Quorn, Loughborough, Leicestershire, LE12 8QP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover

The Company is responsible for the management of the property at Tungsten Park, Lutterworth, LE17 4JA. The Company collects service charges from leaseholders in accordance with the terms of the lease agreement in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees which is imposed under Section 42 of the Landlord and Tenant Act 1987.

During the year the Company incurred expenditure in fulfilling its obligations under the terms of the lease for the property. The total costs incurred are recorded in the Company's income and expenditure account as funds collected from lessees to discharge obligations under the lease. To meet these obligations the Company draws from service charge funds held in trust on behalf of the lessees.

A detailed summary of expenditure incurred in the period is made available to the lessees of the property under the terms of the lease.

Cash balances

Cash at bank does not include unspent amounts of service charge funds held in the Company's bank account. Instead these unspent service charge funds are held in trust by the Company under Section 42 of the Landlord and Tenant Act 1987.

At the year end the amount of funds held in trust were £4,948 (2024: £4,748).

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: NIL)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	(450 )	(983 )
Prepayments and accrued income	430	405
Other Debtor	-	1

	(20 )	(577 )

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,214	1,341
Deferred Income	-	430
Accruals and deferred income	3,714	2,400

	4,928	4,171

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 2