Company registration number 05676619 (England and Wales)
DOWNSIDE AND LANCASTER MANAGEMENT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
DOWNSIDE AND LANCASTER MANAGEMENT LIMITED
COMPANY INFORMATION
Directors
D Haig
A McKee
M Bezak
(Appointed 14 July 2024)
F Penter
(Appointed 22 May 2025)
Company number
05676619
Registered office
Suite 7A, Building 6
Croxley Park, Hatters Lane
Watford
Hertfordshire
WD18 8YH
Accountants
Myers Clark
Suite 7A, Building 6
Croxley Park, Hatters Lane
Watford
Hertfordshire
WD18 8YH
DOWNSIDE AND LANCASTER MANAGEMENT LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 5
DOWNSIDE AND LANCASTER MANAGEMENT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The directors present their annual report and financial statements for the year ended 30 June 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

D Haig
A McKee
M Moxham
(Resigned 16 March 2025)
M Bezak
(Appointed 14 July 2024)
F Penter
(Appointed 22 May 2025)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
A McKee
Director
11 February 2026
DOWNSIDE AND LANCASTER MANAGEMENT LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DOWNSIDE AND LANCASTER MANAGEMENT LIMITED FOR THE YEAR ENDED 30 JUNE 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Downside and Lancaster Management Limited for the year ended 30 June 2025 set out on pages 3 to 5 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Downside and Lancaster Management Limited, as a body, in accordance with the terms of our engagement letter dated 17 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Downside and Lancaster Management Limited and state those matters that we have agreed to state to the b oard of d irectors of Downside and Lancaster Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Downside and Lancaster Management Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Downside and Lancaster Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Downside and Lancaster Management Limited. You consider that Downside and Lancaster Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Downside and Lancaster Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Myers Clark
Chartered Accountants
Suite 7A, Building 6
Croxley Park, Hatters Lane
Watford
Hertfordshire
WD18 8YH
12 February 2026
DOWNSIDE AND LANCASTER MANAGEMENT LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 3 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
18
18
Net current assets
18
18
Capital and reserves
Called up share capital
18
18

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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.

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 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 11 February 2026 and are signed on its behalf by:
A McKee
Director
Company Registration No. 05676619
DOWNSIDE AND LANCASTER MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Downside and Lancaster Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 7A, Building 6, Croxley Park, Hatters Lane, Watford, Hertfordshire, WD18 8YH.

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
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure in its own right, and therefore no Profit and loss account is presented in these financial statements.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. 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.

Basic financial liabilities

Basic financial liabilities are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received.

DOWNSIDE AND LANCASTER MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.5

Status

The company holds the freehold properties known as Downside Lodge, 29 Upper Park Road, London NW3 2UY and Lancaster Lodge, 27 Upper Park Road, London NW3 2UW, as trustee for the owners from time to time of leasehold flats 1 to 10 inclusive in Downside Lodge and 1 and 2 and 5 to 10 inclusive in Lancaster Lodge.

During the year the company has acted as agent for the lessees of the property at Downside and Lancaster Lodge, Upper Park Road, London NW3 2UY. The funds in relation to the maintenance of the property are held in trust. As at 30 June 2025 the cash balance held on behalf of the lessees amounted to £20,800.

The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Downside and Lancaster Management Limited.

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
18
18
4
Information for shareholders

As mentioned in Note 1.5, the company holds the freehold properties known as Downside Lodge, 29 Upper Park Road, London NW3 2UY and Lancaster Lodge, 27 Upper Park Road, London NW3 2UW, as Trustee for the owners from time to time of leasehold flats 1 to 10 inclusive in Downside Lodge and 1 and 2 and 5 to 10 inclusive in Lancaster Lodge.

The Trust owed certain current and former owners of the said flats a total of £31,300 as at 30 June 2025 pursuant to loans that they had made to the Trust between 2020 and 2022 to be repaid if and when the Trust had funds to do so.

As at 30 June 2025, the Trust held a cash balance of £6,582.

2025-06-30 2024-07-01 false false true CCH Software CCH Accounts Production 2025.300 No description of principal activity D Haig A McKee M Moxham M Bezak F Penter 05676619 2024-07-01 2025-06-30 05676619 bus:Director1 2024-07-01 2025-06-30 05676619 bus:Director2 2024-07-01 2025-06-30 05676619 bus:Director4 2024-07-01 2025-06-30 05676619 bus:Director5 2024-07-01 2025-06-30 05676619 bus:Director3 2024-07-01 2025-06-30 05676619 bus:RegisteredOffice 2024-07-01 2025-06-30 05676619 2025-06-30 05676619 2024-06-30 05676619 core:ShareCapital 2025-06-30 05676619 core:ShareCapital 2024-06-30 05676619 2023-07-01 2024-06-30 05676619 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 05676619 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 05676619 bus:EntityNoLongerTradingButTradedInPast 2024-07-01 2025-06-30 05676619 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05676619 bus:FRS102 2024-07-01 2025-06-30 05676619 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 05676619 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP