IRIS Accounts Production v26.1.0.640 04855655 Board of Directors 1.10.24 30.9.25 30.9.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04855655 2024-09-30 04855655 2025-09-30 04855655 2024-10-01 2025-09-30 04855655 2023-09-30 04855655 2023-10-01 2024-09-30 04855655 2024-09-30 04855655 ns15:EnglandWales 2024-10-01 2025-09-30 04855655 ns14:PoundSterling 2024-10-01 2025-09-30 04855655 ns10:Director1 2024-10-01 2025-09-30 04855655 ns10:CompanyLimitedByGuarantee 2024-10-01 2025-09-30 04855655 ns10:SmallEntities 2024-10-01 2025-09-30 04855655 ns10:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 04855655 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 04855655 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 04855655 ns10:FullAccounts 2024-10-01 2025-09-30 04855655 ns10:Director2 2024-10-01 2025-09-30 04855655 ns10:Director4 2024-10-01 2025-09-30 04855655 ns10:Director5 2024-10-01 2025-09-30 04855655 ns10:Director6 2024-10-01 2025-09-30 04855655 ns10:Director7 2024-10-01 2025-09-30 04855655 ns10:Director8 2024-10-01 2025-09-30 04855655 ns10:Director9 2024-10-01 2025-09-30 04855655 ns10:RegisteredOffice 2024-10-01 2025-09-30 04855655 ns5:CurrentFinancialInstruments 2025-09-30 04855655 ns5:CurrentFinancialInstruments 2024-09-30 04855655 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-09-30 04855655 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 04855655 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 04855655 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 04855655 ns5:LandBuildings 2024-09-30 04855655 ns5:LandBuildings 2025-09-30 04855655 ns5:LandBuildings 2024-09-30 04855655 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 04855655 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 04855655 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 04855655 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 04855655 ns5:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30

REGISTERED NUMBER: 04855655 (England and Wales)

THE OSBORNE (SWANSEA) MANAGEMENT

COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2025

| THE OSBORNE (SWANSEA) MANAGEMENT |

| COMPANY LIMITED (REGISTERED NUMBER: 04855655) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| THE OSBORNE (SWANSEA) MANAGEMENT |

| COMPANY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | Mr H A Richards

| Mrs E L Lewis

| Mr M S Jenkins

| Mr T Pritchard

| Ms D S Rowlands

| Mr J E Collins

| Mr R Phillip

| Mr P W Jenkins

| REGISTERED OFFICE: | Ethos

| Kings Road

| SA1 Swansea Waterfront

| Swansea

| West Glamorgan

| SA1 8AS

| REGISTERED NUMBER: | 04855655 (England and Wales)

| ACCOUNTANTS: | Bevan Buckland Ltd

| Ground Floor Cardigan House

| Castle Court

| Swansea Enterprise Park

| Swansea

| SA7 9LA

| THE OSBORNE (SWANSEA) MANAGEMENT |

| COMPANY LIMITED (REGISTERED NUMBER: 04855655) |

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 119,319 |  | 119,319 |  |

CURRENT ASSETS

Debtors | 5 | 76,480 |  | 88,509 |  |

Cash at bank | 281,386 |  | 175,133 |  |

357,866 |  | 263,642 |  |

CREDITORS

Amounts falling due within one year | 6 | 43,867 |  | 13,285 |  |

NET CURRENT ASSETS | 313,999 |  | 250,357 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 433,318 |  | 369,676 |  |

RESERVES

Non distributable reserves | 7 | 101,500 |  | 101,500 |  |

Income and expenditure account | 7 | 331,818 |  | 268,176 |  |

433,318 |  | 369,676 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2026 and were signed on its behalf by:

Mr J E Collins - Director

| THE OSBORNE (SWANSEA) MANAGEMENT |

| COMPANY LIMITED (REGISTERED NUMBER: 04855655) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| The Osborne (Swansea) Management Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents maintenance income received for management of properties.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold reversion comprises the land at The Osborne Estate. The freehold reversion is not considered by the Directors to be a depreciating asset, accordingly no depreciation is charged in the Accounts.

| 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| THE OSBORNE (SWANSEA) MANAGEMENT |

| COMPANY LIMITED (REGISTERED NUMBER: 04855655) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Debtors

| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

| Cash at bank and in hand

| Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

| Creditors and provisions

| Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold

| Reversion

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 119,319 |  |

| NET BOOK VALUE

| At 30 September 2025 | 119,319 |  |

| At 30 September 2024 | 119,319 |  |

| The company purchased the Freehold Reversion on 21st December 2007 for £119,319.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 14,613 |  | 4,912 |  |

| Prepayments | 61,867 |  | 83,597 |  |

76,480 |  | 88,509 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 1,605 |  | 1,098 |  |

| Other creditors | 42,262 |  | 12,187 |  |

43,867 |  | 13,285 |  |

| THE OSBORNE (SWANSEA) MANAGEMENT |

| COMPANY LIMITED (REGISTERED NUMBER: 04855655) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

7. | RESERVES

| Income |

| and |  | Non |

| expenditure |  | distributable |

| account |  | reserves |  | Totals

£ | £ | £ |

| At 1 October 2024 | 268,176 |  | 101,500 |  | 369,676 |  |

| Surplus for the year | 63,642 |  | 63,642 |  |

| At 30 September 2025 | 331,818 |  | 101,500 |  | 433,318 |  |

| The non-distributable reserve represents an amount equal to the amount paid by some shareholders to the company as a contribution towards the purchase of the Freehold Reversion.