Passage Close Management Co Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 09316591

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,719		2,719

			2,719		2,719
CURRENT ASSETS
Debtors	5	9,480		7,973
Cash at bank and in hand		101,664		42,871

		111,144		50,844
Creditors: Amounts Falling Due Within One Year	6	(51,545 )		(3,201 )

NET CURRENT ASSETS (LIABILITIES)			59,599		47,643

TOTAL ASSETS LESS CURRENT LIABILITIES			62,318		50,362

NET ASSETS			62,318		50,362

RESERVES
Depreciation fund			66,222		50,362
Income and Expenditure Account			(3,904 )		-

MEMBERS' FUNDS			62,318		50,362

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

Reverend Ann Douglas

Director

19 December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Passage Close Management Co Ltd is a private company, limited by gurantee, incorporated in England & Wales, registered number 09316591 . The registered office is 18a High West Street, Dorchester, DT1 1UW.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

nil

3. Average Number of Employees

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 3 (2024: 4)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	2,719

As at 31 March 2025	2,719

Net Book Value
As at 31 March 2025	2,719

As at 1 April 2024	2,719

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,795	2,737
Prepayments and accrued income	5,685	5,236

	9,480	7,973

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Passage Close Management Co Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,921	2,211
Other creditors	285	318
Accrued expenses	40,339	672

	51,545	3,201

7. Share Capital

8. Reserves


	Depreciation fund	Profit and loss account	Total
	£	£	£
At 1 April 2023	36,013	-	36,013
Surplus for the year	-	14,349	14,349
Transfers	14,349	(14,349)	-

At 31 March 2024	50,362	-	50,362


	Depreciation fund	Profit and loss account	Total
	£	£	£
At 1 April 2024	50,362	-	50,362
Surplus for the year	-	11,956	11,956
Transfers	11,956	(11,956)	-

At 31 March 2025	62,318	-	62,318

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