ACCOUNTS - Final Accounts

Registered number: 09431894

ARUNDEL GARDENS PROPERTY MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 25 MARCH 2025

ARUNDEL GARDENS PROPERTY MANAGEMENT LIMITED

REGISTERED NUMBER: 09431894

STATEMENT OF FINANCIAL POSITION

AS AT 25 MARCH 2025

		2025		2024
Note	£	£	£	£

Fixed assets
Tangible assets	4		1		1
			1		1
Current assets
Debtors: amounts falling due within one year	5	14,082		23,537
Cash at bank and in hand	6	61,192		167,201
		75,274		190,738
Creditors: amounts falling due within one year	7	(36,201)		(1,201)
Net current assets			39,073		189,537
Total assets less current liabilities			39,074		189,538

Net assets			39,074		189,538

Capital and reserves
Called up share capital	8	5	5
Covenanted refurbishment reserve		-	19,974
Sinking fund reserves		39,069	169,559
		39,074	189,538

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ARUNDEL GARDENS PROPERTY MANAGEMENT LIMITED

REGISTERED NUMBER: 09431894

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 25 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 December 2025.

L R Beard

Director

The notes on pages 3 to 5 form part of these financial statements.

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ARUNDEL GARDENS PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 MARCH 2025

1.	General information

Arundel Gardens Property Management Limited is a company limited by shares, incorporated in England and Wales. The address of registered office is 3 Brook Business Centre, Cowley Mill Road, Cowley, Uxbridge, Middlesex, United Kingdom, UB8 2FX.

The purpose of the company is to discharge the contractual responsibilities of the landlord in managing the mutual interests of the lessees of the flats in 46 Arundel Gardens, all of whom are shareholders in the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

As the company trades on a mutual obligation basis for its shareholders, the lessees of the property at 46 Arundel Gardens, it is not expected to make a profit or loss. Therefore the company trades in accordance with expectations.

As the company exists for the benefit of the shareholders/lessees so as to maintain their personal investment, it is in their interests to continue to finance the company.

On this basis the director is satisfied that the preparation of the financial statements on a going concern basis is appropriate.

2.3

Revenue

Revenue includes services charges receivable from tenants in accordance with the terms of the lease. Services charges are recognised on an accruals basis.

2.4

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

No depreciation is provided on the freehold property interest as any such charge would be immaterial.

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ARUNDEL GARDENS PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 MARCH 2025

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

4.	Tangible fixed assets

		Freehold land and buildings
		£
	Cost
	At 26 March 2024	1
	At 25 March 2025	1

	Net book value
	At 25 March 2025	1
	At 25 March 2024	1

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ARUNDEL GARDENS PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	4,769	14,443
Prepayments and accrued income	9,313	9,094
	14,082	23,537

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	61,192	167,201
	61,192	167,201

The cash at bank is held in trust for the lessees.

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	35,000	-
Other creditors	1	1
Accruals and deferred income	1,200	1,200
	36,201	1,201

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

5 Ordinary shares of £1 each	5	5

9.	Controlling party

In the opinion of the director, there is no ultimate controlling party.

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