Company No: 02858697 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Debtors	3	250		1,450
Cash at bank and in hand	4	11,109		4,224
		11,359		5,674
Creditors: amounts falling due within one year	5	( 950)		( 800)
Net current assets		10,409		4,874
Total assets less current liabilities		10,409		4,874
Net assets		10,409		4,874
Reserves
Profit and loss account		10,409		4,874
Total reserves		10,409		4,874

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Friary Court (PLYMOUTH) No 7 Management Company Limited (registered number: 02858697) were approved and authorised for issue by the Board of Directors on 21 April 2026. They were signed on its behalf by:

Mrs R C Clarke Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Friary Court (Ply) No 7 Management Co Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark LLP, Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3GW, United Kingdom. The principal place of business is 91 White Friars Lane, Plymouth, PL4 9RA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents service charges received from tenants.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Debtors

	2025		2024
	£		£
Trade debtors	250		1,450

4. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	11,109		4,224

At the balance sheet date, the company bank account contained £11,109 (2024:£4,223.95) which is held on trust for the leaseholders under section 42 of the Landlord and Tenant Act 1987.

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	950		800