IRIS Accounts Production v25.4.12.37 01592053 Board of Directors 1.10.24 30.9.25 30.9.25 7.4.26 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01592053 2024-09-30 01592053 2025-09-30 01592053 2024-10-01 2025-09-30 01592053 2023-09-30 01592053 2023-10-01 2024-09-30 01592053 2024-09-30 01592053 ns15:EnglandWales 2024-10-01 2025-09-30 01592053 ns14:PoundSterling 2024-10-01 2025-09-30 01592053 ns10:Director1 2024-10-01 2025-09-30 01592053 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 01592053 ns10:SmallEntities 2024-10-01 2025-09-30 01592053 ns10:Audited 2024-10-01 2025-09-30 01592053 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 01592053 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 01592053 ns10:FullAccounts 2024-10-01 2025-09-30 01592053 ns10:OrdinaryShareClass1 2024-10-01 2025-09-30 01592053 ns10:Director2 2024-10-01 2025-09-30 01592053 ns10:Director4 2024-10-01 2025-09-30 01592053 ns10:Director5 2024-10-01 2025-09-30 01592053 ns10:Director6 2024-10-01 2025-09-30 01592053 ns10:RegisteredOffice 2024-10-01 2025-09-30 01592053 ns5:CurrentFinancialInstruments 2025-09-30 01592053 ns5:CurrentFinancialInstruments 2024-09-30 01592053 ns5:ShareCapital 2025-09-30 01592053 ns5:ShareCapital 2024-09-30 01592053 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 01592053 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 01592053 ns5:LandBuildings 2024-09-30 01592053 ns5:ComputerEquipment 2024-09-30 01592053 ns5:LandBuildings 2024-10-01 2025-09-30 01592053 ns5:ComputerEquipment 2024-10-01 2025-09-30 01592053 ns5:LandBuildings 2025-09-30 01592053 ns5:ComputerEquipment 2025-09-30 01592053 ns5:LandBuildings 2024-09-30 01592053 ns5:ComputerEquipment 2024-09-30 01592053 ns10:OrdinaryShareClass1 2025-09-30

REGISTERED NUMBER: 01592053 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SOUTHCOTT MANAGEMENT COMPANY LIMITED

SOUTHCOTT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01592053)

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 |

SOUTHCOTT MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | A S Armstrong

| I C Shoubridge

| T J Mitchell

| R G D Allen

| K D Pennington

| REGISTERED OFFICE: | Community Centre

| Off Grasmere Way

| Leighton Buzzard

| Bedfordshire

| LU7 2PJ

| REGISTERED NUMBER: | 01592053 (England and Wales)

| AUDITORS: | Ad Valorem Audit Services Limited

| Chartered Certified Accountants

| & Statutory Auditors

| 2 Manor Farm Court

| Old Wolverton Road

| Old Wolverton

| Milton Keynes

| Buckinghamshire

| MK12 5NN

SOUTHCOTT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01592053)

BALANCE SHEET

30 SEPTEMBER 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 | 35,864 |  | 39,016 |  |

CURRENT ASSETS

Debtors | 6 | 1,476 |  | 1,722 |  |

Cash at bank and in hand | 654,771 |  | 579,266 |  |

656,247 |  | 580,988 |  |

CREDITORS

Amounts falling due within one year | 7 | 690,108 |  | 618,001 |  |

NET CURRENT LIABILITIES | (33,861 | ) | (37,013 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,003 |  | 2,003 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 3 |  | 3 |  |

Retained earnings | 2,000 |  | 2,000 |  |

SHAREHOLDERS' FUNDS | 2,003 |  | 2,003 |  |

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 2 April 2026 and were signed on its behalf by:

I C Shoubridge - Director

SOUTHCOTT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01592053)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Southcott Management Company Limited is a private company, limited by shares , 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

| The financial statements have been prepared under the historical cost convention.

| TURNOVER

| Turnover represents management fees charged to the Residents' Companies. Turnover is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for the services provided in the normal course of business.

| TANGIBLE FIXED ASSETS

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

| Freehold property |  | - 5% on cost |  |

| Computer equipment |  | - 20% on cost |  |

| DEBTORS RECEIVABLE AND CREDITORS PAYABLE

| Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

4. | EMPLOYEES AND DIRECTORS

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

SOUTHCOTT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01592053)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | TANGIBLE FIXED ASSETS

Freehold | Computer |

property | equipment | Totals |

| £ | £ | £

| COST

| At 1 October 2024

| and 30 September 2025 | 50,754 |  | 7,687 |  | 58,441 |  |

| DEPRECIATION

| At 1 October 2024 | 13,630 |  | 5,795 |  | 19,425 |  |

| Charge for year | 2,539 |  | 613 |  | 3,152 |  |

| At 30 September 2025 | 16,169 |  | 6,408 |  | 22,577 |  |

| NET BOOK VALUE

| At 30 September 2025 | 34,585 |  | 1,279 |  | 35,864 |  |

| At 30 September 2024 | 37,124 |  | 1,892 |  | 39,016 |  |

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

2025 | 2024 |

| £ | £

| Prepayments and accrued income | 1,476 |  | 1,722 |  |

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

2025 | 2024 |

| £ | £

| Taxation and social security | 3,802 |  | 4,247 |  |

| Other creditors | 686,306 |  | 613,754 |  |

690,108 |  | 618,001 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 3 | Ordinary | £1 | 3 |  | 3 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Darren Kerins FCCA (Senior Statutory Auditor)

| for and on behalf of Ad Valorem Audit Services Limited

SOUTHCOTT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01592053)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. | RELATED PARTY DISCLOSURES

| Income of £47,914 (2024: £53,481) arises from management charges made to residents' companies which are also members of the company.

| As at 30 September 2025 funds totalling £252,919 (2024: £218,644) were held by the company on behalf of these residents' companies, being £91,560 (2024: £76,871) for Bideford Green Residents Company Limited, £77,486 (2024: £67,527) for Clovelly Green Residents Company Limited and £83,873 (2024: £74,246) for Studley Green Residents Company Limited.

| The company also holds funds on an implied trust for leaseholders owning properties managed by the company. These amounted to £100,442 (2024: £94,635) for Bideford Court, £35,178 (2024: £32,494) for Dulverton Court, £23,656 (2024: £19,408) for Blocks B&C Grasmere Way and £148,479 (2024: £153,052) for Blocks D-G Grasmere Way.