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REGISTERED NUMBER: 02206419 (England and Wales)












Openconcept Residents Management Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025





Openconcept Residents Management Limited (Registered number: 02206419)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Openconcept Residents Management Limited

Company Information
for the Year Ended 31st March 2025







DIRECTORS: Ms M Duggan
Mr N Rushgrove
Mr P Weston



SECRETARY: Mr N Rushgrove



REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH



REGISTERED NUMBER: 02206419 (England and Wales)



ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH



SOLICITORS: Bircham Dyson Bell
50 Broadway
London
SW1H 0BL
Page 1
Openconcept Residents Management Limited (Registered number: 02206419)

Statement of Financial Position
31st March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 40,206 40,206

CURRENT ASSETS
Debtors 5 5,317 1,768
Cash at bank 20,173 25,896
25,490 27,664
CREDITORS
Amounts falling due within one year 6 (1,555 ) (5,172 )
NET CURRENT ASSETS 23,935 22,492
TOTAL ASSETS LESS CURRENT
LIABILITIES
64,141
62,698

CREDITORS
Amounts falling due after more than one
year
7
(40,600
)
(40,600
)
NET ASSETS 23,541 22,098

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Share premium 950 950
Retained earnings 14,591 13,148
SHAREHOLDERS' FUNDS 23,541 22,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Openconcept Residents Management Limited (Registered number: 02206419)

Statement of Financial Position - continued
31st March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th November 2025 and were signed on its behalf by:




Ms M Duggan - Director



Mr P Weston - Director


The notes form part of these financial statements

Page 3
Openconcept Residents Management Limited (Registered number: 02206419)

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

1. STATUTORY INFORMATION

Openconcept Residents Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the total contributions from residents for maintenance and service costs. The company is not VAT registered so the amounts exclude VAT.

Tangible fixed assets
The freehold ground rents are not depreciated. This constitutes a departure from Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

Tenants' reserve
Unused charges made to tenants for the year are retained in a reserve for future repairs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st April 2024
and 31st March 2025 40,206
NET BOOK VALUE
At 31st March 2025 40,206
At 31st March 2024 40,206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,317 1,768

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 1,555 5,172

Page 4 continued...
Openconcept Residents Management Limited (Registered number: 02206419)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 40,600 40,600

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Unsecured loan stock 40,600 40,600

8. UNSECURED LOAN STOCK

The unsecured loan stock was issued by the company to the residents of Regency House. The stock pays no interest and is redeemable at par to the registered holder on the earlier of 24 December 2064 or the passing of a resolution for the winding-up of the company.

Page 5