Dispensary Walk Flat Management Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11332471

DISPENSARY WALK FLAT MANAGEMENT COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

DISPENSARY WALK FLAT MANAGEMENT COMPANY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

DISPENSARY WALK FLAT MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£	£

CURRENT ASSETS

Cash at bank and in hand	1,459		2,088

CREDITORS: amounts falling due within one year	5	521		1,021
		--------		--------
NET CURRENT ASSETS			938		1,067
			-----		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			938		1,067
			-----		--------
NET ASSETS			938		1,067
			-----		--------

DISPENSARY WALK FLAT MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	936	1,065
	-----	--------
SHAREHOLDERS FUNDS	938	1,067
	-----	--------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 April 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their 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 6 January 2026 , and are signed on behalf of the board by:

Mr C M Jagger

Director

Company registration number: 11332471

DISPENSARY WALK FLAT MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income

Income represents contributions received or receivable from dwelling holders towards the maintenance of common areas, stated net of discounts and of Value Added Tax.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Current and deferred tax

Service charge monies are held on trust in accordance with section 42, Landlord and Tenant Act 1987. Interest earned on service charge monies held on deposit and ground rents are taxable at the basic rate of income tax. The rate of tax applied during the year was 19%.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. CASH AT BANK

	2025	2024
	£	£
Cash at bank	1,459	2,088
	--------	--------

Service charge monies are held in trust at Halifax Bank, Bank Street, Bradford in the bank account entitled "Mr Craig Jagger".

The directors were unable to open a company bank account during the COVID 19 pandemic due to restrictions placed on the opening of new corporate accounts by banks particularly for flat management companies. The bank account that has been opened is used exclusively for the purposes of the company and the holding in trust of service charge monies received.

5. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	237	237
Director loan accounts	284	784
	-----	--------
	521	1,021
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6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the current year. The loan is repayable on demand and no interest is charged.