Cavendish Mews (Worthing) Management Limited
Unaudited financial statements
For the year ended 30 June 2025
04005635 (England and Wales)
Pages for filing with registrar
Cavendish Mews (Worthing) Management Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Cavendish Mews (Worthing) Management Limited
Balance sheet
As at 30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
419
589
Cash at bank and in hand
12,376
13,158
12,795
13,747
Creditors: amounts falling due within one year
4
(1,662)
(360)
Net current assets
11,133
13,387
Reserves
Other reserves
5
2,761
2,761
Income and expenditure account
8,372
10,626
Members' funds
11,133
13,387

The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 28 November 2025 and are signed on its behalf by:
Mr L Harvey
Director
Company Registration No. 04005635
Cavendish Mews (Worthing) Management Limited
Notes to the financial statements
For the year ended 30 June 2025
- 2 -
1
Accounting policies
Company information

Cavendish Mews (Worthing) Management Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Bishopstone, 36 Crescent Road, Worthing, West Sussex, BN11 1RL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Cavendish Mews (Worthing) Management Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies
(continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
1
1
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
-
0
150
Other debtors
419
439
419
589
4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,662
360
Cavendish Mews (Worthing) Management Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
- 4 -
5
Members' capital
£
At 1 July 2023
2,761
At 30 June 2024
2,761
At 30 June 2025
2,761
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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