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COMPANY REGISTRATION NUMBER: 10589389

LAURENCE HOUSE (FELINHELI) MANAGEMENT COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

LAURENCE HOUSE (FELINHELI) MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £

Current assets

Cash at bank and in hand | 4,684 | 2,526

Creditors: amounts falling due within one year | 4 | 1,617 | 741
| ------- | -------
Net current assets | 3,067 | 1,785
| ------- | -------
Total assets less current liabilities | 3,067 | 1,785
| ------- | -------

Capital and reserves

Called up share capital | 3 | 3
Profit and loss account | 3,064 | 1,782
| ------- | -------
Shareholders funds | 3,067 | 1,785
| ------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 November 2025 , and are signed on behalf of the board by:

Mr C J Jennings
Director

Company registration number: 10589389

LAURENCE HOUSE (FELINHELI) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 92 - 94 High Street, Porthmadog, Gwynedd, LL49 9NW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents amounts charged for management fees during the year.
Taxation
On the basis of the company being mutual, no provision for corporation tax has been made.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 1,325 | 449
Other creditors | 292 | 292
| ------- | ----
| 1,617 | 741
| ------- | ----

5. Directors' advances, credits and guarantees
There were no director's advances, credits or guarantees during the year.
6. Related party transactions
Two of the directors own the freehold of the property and received ground rent of £875 (2024: £875) for the property.