Company registration number 02113540 (England and Wales)
Mount Pleasant Hill (Hackney) Management Company Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Pages For Filing With Registrar
Pinnick Lewis LLP
Chartered Certified Accountants
Handel House
95 High Street
Edgware
HA8 7DB
Mount Pleasant Hill (Hackney) Management Company Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Mount Pleasant Hill (Hackney) Management Company Limited
BALANCE SHEET
As At 30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12
1,490
Current assets
Debtors
4
3,060
3,654
Cash at bank and in hand
369,393
290,791
372,453
294,445
Creditors: amounts falling due within one year
5
(13,571)
(12,766)
Net current assets
358,882
281,679
Net assets
358,894
283,169
Reserves
Other reserves
116,371
116,371
Income and expenditure account
242,523
166,798
Total members' funds
358,894
283,169

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

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 20 January 2026 and are signed on its behalf by:
Mrs C Keegan
Director
Company registration number 02113540 (England and Wales)
Mount Pleasant Hill (Hackney) Management Company Limited
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2025
- 2 -
1
Accounting policies
Company information

Mount Pleasant Hill (Hackney) Management Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 223 Riverside Close, Mount Pleasant Hill, Clapton E5 9SU.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income comprises of service charges receivable from the flats, whose common parts the company maintains, and administration costs recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation provided
Fixtures and fittings
Straight line between 10% and 20%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Financial instruments
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.

Mount Pleasant Hill (Hackney) Management Company Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 April 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.

1.5
Taxation

The company is only eligible to pay corporation tax on interest earned.

2
Employees

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

2025
2024
Number
Number
Total
7
7
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2024 and 30 April 2025
5
73,817
73,822
Depreciation and impairment
At 1 May 2024
-
0
72,332
72,332
Depreciation charged in the year
-
0
1,478
1,478
At 30 April 2025
-
0
73,810
73,810
Carrying amount
At 30 April 2025
5
7
12
At 30 April 2024
5
1,485
1,490
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
3,060
3,654
Mount Pleasant Hill (Hackney) Management Company Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 April 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Service charges paid in arrears
10,392
9,873
Trade creditors
619
619
Corporation tax
740
514
Other creditors
200
200
Accruals and deferred income
1,620
1,560
13,571
12,766
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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