Company registration number 2507984 (England and Wales)
38 DYKE ROAD MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
38 DYKE ROAD MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
38 DYKE ROAD MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
23 JUNE 2025
23 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,500
4,500
Current assets
Debtors
4
50
693
Cash at bank and in hand
13,606
86,266
13,656
86,959
Creditors: amounts falling due within one year
5
(5,731)
(79,538)
Net current assets
7,925
7,421
Net assets
12,425
11,921
Reserves
Other reserves
1,800
1,800
Income and expenditure account
10,625
10,121
Members' funds
12,425
11,921

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

For the financial year ended 23 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 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
13 March 2026
13 March 2026
and are signed on its behalf by:
R Brewster
Director
Company registration number 2507984 (England and Wales)
38 DYKE ROAD MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2025
- 2 -
1
Accounting policies
Company information

38 Dyke Road Management Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 38 Dyke Road, Brighton, East Sussex, England, BN1 3JB.

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
Tangible fixed assets

Tangible fixed assets comprise the freehold reversion of the property 38 Dyke Road. The directors consider that the estimated realisable value of the freehold reversion on expiry of all leases granted in respect of the flats in the property will exceed the current carrying value in the accounts, and accordingly no depreciation has been provided.

1.3
Impairment of fixed assets

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

1.4
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.

1.5
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.

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 cos t.

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.

1.6
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

38 DYKE ROAD MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.7

Turnover

Revenue is measured at the fair value of the consideration received or receivable.

Revenue is recognised when demands for ground rents and management fees are raised.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2024 - 0).

3
Tangible fixed assets
Freehold reversion
£
Cost
At 24 June 2024 and 23 June 2025
4,500
Depreciation and impairment
At 24 June 2024 and 23 June 2025
-
0
Carrying amount
At 23 June 2025
4,500
At 23 June 2024
4,500
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
50
693
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
5,731
79,538
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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