Sycamore Court Limited

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3—5

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Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 02696416

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		336,925		336,925

			336,925		336,925
CURRENT ASSETS
Stocks	5	2,270		2,200
Debtors	6	9,106		9,666
Cash at bank and in hand		62,927		79,452

		74,303		91,318
Creditors: Amounts Falling Due Within One Year	7	(51,700 )		(23,366 )

NET CURRENT ASSETS (LIABILITIES)			22,603		67,952

TOTAL ASSETS LESS CURRENT LIABILITIES			359,528		404,877

NET ASSETS			359,528		404,877

CAPITAL AND RESERVES
Called up share capital	8		35		35
Profit and Loss Account			359,493		404,842

SHAREHOLDERS' FUNDS			359,528		404,877

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 Profit and Loss Account.

On behalf of the board

G Wringe

Director

30th October 2025

The notes on pages 3 to 5 form part of these financial statements.

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Sycamore Court Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Sycamore Court Limited (02696416) is a private company limited by shares incorporated in England and Wales. The company acts as a Residents Management Company in respect of the Sycamore Court property, which is a development of 35 privately owned retirement apartments. The company provides retirement apartment management and domestic services to the owners of the leasehold properties situated at Sycamore Court, Hoskins Road, Oxted, Surrey.

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

Income represents the total amount receivable by the company during the year for services provided.

Incoming resources in respect of service charges receivable and transfer premiums is recognised in accordance with the conditions of the leases.

2.3. Tangible Fixed Assets and Depreciation

Fixed assets consist of the freehold property, Sycamore Court, which was acquired by the company on the 16th September 2005. The directors consider the useful economic life of the property to be at least 50 years. In accordance with FRS 102 depreciation is ordinarily recognised so as to write off the costs of a property, less its residual value, over its useful economic life. The directors have assessed that the residual value of the property, based on the current market conditions, is likely to be sufficiently high such that depreciation is immaterial to be provided for within these financial statements.

Freehold

Nil

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.5. Taxation

Service charge monies are held on trust in accordance with section 42, Landlord and Tenant Act 1987. Interest earned on service charge monies held on deposit is taxable at the basic rate of income tax. The tax rate applied to interest received during the year was 19% (2024 - 19%).

2.6. Pensions

The company makes payments to a defined contribution pension scheme on behalf of its employees. The assets of the scheme are held separately from those of the company. The contributions payable to the defined contribution pension are charged to the income and expenditure account as they are incurred.

2.7. Reserve Funds

The fund for future maintenance has been established to provide funds to meet the costs of future major repairs and scheduled maintenance works to the property. The fund for future maintenance covers any deficit resulting from excess expenditure incurred and charged to the Income and Expenditure account during a year. Any surplus of income over expenditure during a year is taken to the fund for future maintenance to cover expected future costs of maintaining the property.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 18)

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Sycamore Court Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	336,925

As at 31 March 2025	336,925

Net Book Value
As at 31 March 2025	336,925

As at 1 April 2024	336,925

5. Stocks

	2025	2024
	£	£
Finished goods	2,270	2,200

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,008	3,670
Other debtors	6,098	5,996

	9,106	9,666

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	632	1,580
Other loans	30,000	-
Other creditors	16,366	16,494
Taxation and social security	4,702	5,292

	51,700	23,366

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	35	35

9. Reserves

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Sycamore Court Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Related Party Transactions

Peter Murrell

Director

Providing an interest free loan to Sycamore Court limited in the amount of £30,000 repayable within a year.

11. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12. Audit Information

The auditor's report on the accounts of Sycamore Court Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by C E McCoy (Senior Statutory Auditor) for and on behalf of McKenzies Chartered Accountants , Statutory Auditor.

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Directors	I Fortune
	P Murrell
	G Wringe
	L Mollan
	J Knowles

Secretary	D Mayhew

Company Number	02696416

Registered Office	Sycamore Court
	Hoskins Road
	Oxted
	Surrey
	RH8 9JQ

Accountants	McKenzies ATS Ltd
	2 Station Road West
	Oxted
	Surrey
	RH8 9EP