SRB Management Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01875297

SRB Management Ltd

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 December 2024

SRB Management Ltd

Company Limited by Guarantee

Officers and Professional Advisers

Director	P Dean

Registered office	5 Bagenal House
	Shirley Road
	Abbots Langley
	Herts
	WD5 0ND

Accountants	Warners
	Chartered Accountants
	3a The Wenta Business Centre
	Colne Way
	Watford
	WD24 7ND

SRB Management Ltd

Company Limited by Guarantee

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		27,949	27,949

Current assets

Debtors	6	–	17,024
Cash at bank and in hand		45,350	16,598
		--------	--------
		45,350	33,622

Creditors: amounts falling due within one year	7	30,250		19,669
		--------		--------
Net current assets			15,100	13,953
			--------	--------
Total assets less current liabilities			43,049	41,902
			--------	--------
Net assets			43,049	41,902
			--------	--------

Capital and reserves

Profit and loss account	43,049	41,902
	--------	--------
Members funds	43,049	41,902
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income and expenditure account has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 28 December 2025 , and are signed on behalf of the board by:

P DEAN _______________ Director

Company registration number: 01875297

SRB Management Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 5 Bagenal House, Shirley Road, Abbots Langley, Herts, WD5 0ND.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The company acts as trustee in respect of service charge monies collected for the maintenance of the common parts in accordance with the leases. In accordance with the latest accounting guidelines, the company excludes these funds and transactions from its financial statements as separate service charge accounts are prepared.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Company limited by guarantee

The company is limited by guarantee and has no share capital.

5. Tangible assets

	Investment property
	£
Cost
At 1 January 2024 and 31 December 2024	27,949
	--------
Depreciation
At 1 January 2024 and 31 December 2024	–
	--------
Carrying amount
At 31 December 2024	27,949
	--------
At 31 December 2023	27,949
	--------

The investment property is the freehold interest in the Shirley Road Estate. In the opinion of the directors, the original cost shown above continues to represent fair value.

6. Debtors

	2024	2023
	£	£
Amount owed by service charge fund	–	17,024
	----	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	19,318	16,217
Corporation tax	3,788	3,452
Funds held on behalf of the lessees	7,144	–
	--------	--------
	30,250	19,669
	--------	--------