Registration number:
Church Street Close Management Co. Limited
Chartered Accountants
Registration number:
Church Street Close Management Co. Limited
Chartered Accountants
Church Street Close Management Co. Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Church Street Close Management Co. Limited
Company Information
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Director |
A Walker |
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Company secretary |
Coco Property Group Limited |
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Registered office |
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Accountants |
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Church Street Close Management Co. Limited
Director's Report
for the Year Ended 24 March 2025
The report and the financial statements for the year ended 24 March 2025.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company continued to be that of the provision of property management services
The company owns the freehold reversion of the properties known as Shops 1 & 2 and Flats 1-17 Church Close, Church Street, Dorchester, Dorset DT1 1JR.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
Company secretary
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Church Street Close Management Co. Limitedfor the Year Ended 24 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Church Street Close Management Co. Limited for the year ended 24 March 2025 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Church Street Close Management Co. Limited, as a body, in accordance with the terms of our engagement letter dated 16 December 2024. Our work has been undertaken solely to prepare for your approval the accounts of Church Street Close Management Co. Limited and state those matters that we have agreed to state to the Board of Directors of Church Street Close Management Co. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Church Street Close Management Co. Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Church Street Close Management Co. Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Church Street Close Management Co. Limited. You consider that Church Street Close Management Co. Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Church Street Close Management Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Accountants
34 High East Street
Dorchester
Dorset
DT1 1HA
Church Street Close Management Co. Limited
Profit and Loss Account
for the Year Ended 24 March 2025
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2025 |
2024 |
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Turnover |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
2,613 |
(6,684) |
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Profit/(loss) before tax |
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( |
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Tax on profit/(loss) |
- |
- |
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Profit/(loss) for the financial year |
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( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Church Street Close Management Co. Limited
(Registration number: 02016980)
Balance Sheet as at 24 March 2025
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Note |
2025 |
2024 |
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£ |
£ |
£ |
£ |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
18 |
18 |
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Depreciation fund |
18,711 |
16,098 |
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Capital reserves |
5,400 |
5,400 |
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Profit and loss account |
- |
- |
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24,129 |
21,516 |
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For the financial year ending 24 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Church Street Close Management Co. Limited
Statement of Changes in Equity
for the Year Ended 24 March 2025
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Share capital |
Depreciation fund |
Capital reserves |
Profit and loss account |
Total |
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At 25 March 2024 |
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- |
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Profit for the year |
- |
- |
- |
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Transfers |
- |
2,613 |
- |
(2,613) |
- |
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At 24 March 2025 |
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- |
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Share capital |
Depreciation fund |
Capital reserves |
Profit and loss account |
Total |
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At 25 March 2023 |
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- |
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Loss for the year |
- |
- |
- |
( |
( |
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Transfers |
- |
(6,684) |
- |
6,684 |
- |
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At 24 March 2024 |
18 |
16,098 |
5,400 |
- |
21,516 |
Church Street Close Management Co. Limited
Notes to the Unaudited Financial Statements
for the Year Ended 24 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Fixed assets are recorded at cost. Other than freehold land and buildings the tangible assets are stated at cost less depreciation. Depreciation is provided on a straight line basis so that the assets are written down to residual values over their expected life. The rates applied are as follows:
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Asset class |
Depreciation method and rate |
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Fire alarm system |
20% per annum on cost |
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Fixtures and fittings |
20% per annum on cost |
No depreciation is provided in respect to the freehold interest in the 18 properties at Church Close, Church Street, Dorchester, Dorset as its residual value would be at least equal to its cost
Church Street Close Management Co. Limited
Notes to the Unaudited Financial Statements
for the Year Ended 24 March 2025
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.
Trade debtors
Trade debtors are amounts due from residents for services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company during the year, was 0 (2024 - 0). The average number of directors on the board during the year was
Church Street Close Management Co. Limited
Notes to the Unaudited Financial Statements
for the Year Ended 24 March 2025
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Tangible assets |
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Freehold Land and buildings |
Fire alarm system |
Fixtures and fittings |
Total |
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Cost |
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At 25 March 2024 |
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At 24 March 2025 |
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Depreciation |
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At 25 March 2024 |
- |
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Charge for the year |
- |
- |
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At 24 March 2025 |
- |
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Carrying amount |
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At 24 March 2025 |
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At 24 March 2024 |
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Debtors |
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2025 |
2024 |
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Amounts due from lessees |
14,191 |
11,607 |
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Prepayments |
1,492 |
1,124 |
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Creditors |
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2025 |
2024 |
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Due within one year |
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Amounts received in advance from lessees |
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Other creditors and accruals |
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