St Mellion Property Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03110663 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

St Mellion Property Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C D Fleming

J M Gathercole

R E S Smith

REGISTERED OFFICE:

Pine Ridge Golf Club

Old Bisley Road

Frimley

Camberley

Surrey

GU16 9NX

REGISTERED NUMBER:

03110663 (England and Wales)

ACCOUNTANTS:

Shaw Accounting Services Limited

14 Amherst Avenue

London

W13 8NQ

CURRENT ASSETS

Debtors

4

89,498

20,875

Cash at bank

166,271

128,337

255,769

149,212

CREDITORS

Amounts falling due within one year

5

188,640

68,727

NET CURRENT ASSETS

67,129

80,485

TOTAL ASSETS LESS CURRENT
LIABILITIES

67,129

80,485

RESERVES

Income and expenditure account

67,129

80,485

67,129

80,485

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 surplus or deficit 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 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 5 December 2025 and were signed on its behalf by:

R E S Smith - Director

1.	STATUTORY INFORMATION

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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the service fee income received from timeshare lodge property owners at St Mellion, excluding VAT and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

67,034

-

Other debtors

22,464

20,875

89,498

20,875

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

19,732

12,411

Amounts owed to related parties

6,505

21,495

Taxation and social security

21,815

-

Other creditors

140,588

34,821

188,640

68,727

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.

Purchases from other related parties in the year were £80,121 (2024 - £87,533). The balance owed to related parties at the year end amounted to £6,505 (2024 - £21,495)

Amounts owed to related parties are unsecured, interest free and due for repayment within one year.

7.	COMPANY STATUS

The company is limited by guarantee. The company has been set up for the benefit of the timeshare lodge property owners.

Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up while they are a member or within one year after they cease to be a member, for payment of the company's debts and liabilities contracted before they cease to be a member, and of the costs, charges and expenses of winding up, and the adjustments of the rights of the contributories among themselves.