Company registration number 07281444 (England and Wales)
CROSSMOLINA BUILDINGS MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CROSSMOLINA BUILDINGS MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CROSSMOLINA BUILDINGS MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
20,845
7,140
Cash at bank and in hand
3,425
28,819
24,270
35,959
Creditors: amounts falling due within one year
4
(24,269)
(35,958)
Net current assets
1
1
Capital and reserves
Called up share capital
1
1

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 December 2025 and are signed on its behalf by:
Mr G M Gaiger
Mr J H Gaiger
Director
Director
Company registration number 07281444 (England and Wales)
CROSSMOLINA BUILDINGS MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Crossmolina Buildings Management Company Limited is a private company limited by shares incorporated in England and Wales, company registrtion number 07281444. The registered office is Kennet House, Northgate Street, Devizes, Wiltshire, SN10 1JT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2

Property management company

The company is a property management company, being a vehicle for the upkeep and maintenance of Crossmolina Buildings, Devizes ("the Property"). However, the company acts only in the fiduciary capacity of a trustee, on behalf of the Freeholder, in collecting in service charge monies from the occupants and holding monies on trust for the Freeholder.

It is understood that when the company transacts with third parties providing services to the Property, in law the company acts as a principal rather than an agent. The company nevertheless considers that the substance of the transactions with the third parties service providers is that it acts only in the fiduciary capacity of a trustee, on behalf of the Freeholder.

In accordance with the substance of the company's position, that it only acts in a trustee fiduciary capacity, neither any income nor any expenses in respect of the Property is disclosed in the profit and loss account.

Accordingly, as the company's only activity is acting as a trustee in respect of the Property, and the company has no separate assets or liabilities of its own, the company is non trading. The balance sheet of the company reflects the assets and liabilities it holds in its fiduciary capacity and has no accumulated reserves on its own.

1.3

Taxation

The directors' believe that as the company is a property management company, and the service charge sums received are held on trust for the Freeholder and can only be used to meet relevant costs of the Property, there is no liability on the company to corporation tax in respect of such sums received. No amounts were received from any other source during the period and accordingly there is no liability to corporation tax in the current or previous period under review.

CROSSMOLINA BUILDINGS MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
20,845
7,140
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
14,360
20,192
Other creditors
9,909
15,766
24,269
35,958
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