For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

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

The company is a private company limited by guarantee, registered in England and Wales. The address of

the registered office is 92 High Street, East Grinstead, England, RH19 3DF.

The company is a not for profit property management company operated for the purposes of maintaining

communal and woodland areas of the Holwood Estate.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial

Reporting Standard applicable in the UK and the Republic of Ireland'.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of

certain financial assets and liabilities and investment properties measured at fair value through profit or

loss.

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated

depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the

fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent

accumulated impairment losses.

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is

any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

The company is not carrying on a business for the purposes of making a profit and is therefore exempt from corporation tax apart from on non trading income being bank interest received.

Departure from Companies Act regulations

The company is a not for profit residents management company responsible for managing the communal

land, gardens and woodland areas situated in and around The Holwood Estate. The company is run for the

purpose of collecting contributions from residents living in The Holwood Estate and using the funds

generated to carry out the maintenance and general upkeep of the aforementioned areas of the Estate.

The company is not carrying on a trade and, as such, qualifies as a mutual trading company whereby the

company does not make a profit or loss. Because the company does not carry on a trade for profit, the

references to profit and loss which would ordinarily be expected to be found in a set of Financial

Statements complying with FRS 102 (including Section 1A) legislation have been replaced with reference

to a surplus or deficit. This presentation allows for the Financial Statements to be properly understood by

the primary stakeholders; management and the residents.

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.

Other Reserves is made up of two balances one being a General Reserve of £225,000 and the other a 30 Acre Reserve of £93,000 both these reserves contain retained funds held for large or exceptional one off capital expenditure.