Seafield Court (Weston-super-Mare) Management Limited

(Registration number: 01091882)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,246	-
Current assets
Debtors	5	613	1,351
Cash at bank and in hand		14,401	8,928
		15,014	10,279
Creditors: Amounts falling due within one year	6	(1,872)	(2,220)
Net current assets		13,142	8,059
Total assets less current liabilities		14,388	8,059
Provisions for liabilities		(14,378)	(8,049)
Net assets		10	10
Capital and reserves
Called up share capital		10	10
Shareholders' funds		10	10

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Seafield Court (Weston-super-Mare) Management Limited

(Registration number: 01091882)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

......................................... P P Dowlan Director

Seafield Court (Weston-super-Mare) Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	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.

The presentation currency of the financial statements is Pound Sterling (£).

Revenue recognition

Turnover represents contributions made by flat owners.

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.

Seafield Court (Weston-super-Mare) Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Tangible assets

	Land and buildings £	Plant and machinery  £	Total £
Cost or valuation
At 1 April 2024	-	78	78
Additions	1,246	-	1,246
At 31 March 2025	1,246	78	1,324
Depreciation
At 1 April 2024	-	78	78
At 31 March 2025	-	78	78
Carrying amount
At 31 March 2025	1,246	-	1,246

Included within the net book value of land and buildings above is £1,246 (2024 - £Nil) in respect of freehold land and buildings.
 

Seafield Court (Weston-super-Mare) Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	613	1,351
	613	1,351

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	1,872	2,220