Somerville House Management Company Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 02383083

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	6,976		4,522
Cash at bank and in hand		3,150		2,433

		10,126		6,955
Creditors: Amounts Falling Due Within One Year	5	(914 )		(1,083 )

NET CURRENT ASSETS (LIABILITIES)			9,212		5,872

TOTAL ASSETS LESS CURRENT LIABILITIES			9,212		5,872

NET ASSETS			9,212		5,872

Income and Expenditure Account			9,212		5,872

MEMBERS' FUNDS			9,212		5,872

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 D Dixon Director	Mr M Couchman Director
19/11/2025

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

1. General Information

Somerville House Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 02383083 . The registered office is Somerville House 28/30 Gordon Road, Cliftonville, Margate, Kent, CT9 2DN.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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. Going Concern Disclosure

The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company’s ability to continue as a going concern.

2.3. Turnover

Turnover represents the income receivable from service charge income and sinking fund contributions.

2.4. Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.5. Interest Receivable

Interest income is recognised in profit and loss using the effective interest method

2.6. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

4. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,598	1,451
Service management fees	5,378	3,071

	6,976	4,522

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	379	573
Accruals	535	510

	914	1,083

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.

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