IRIS Accounts Production v26.1.0.640 01096674 Board of Directors 25.6.23 24.6.24 24.6.24 2/5/26 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01096674 2023-06-24 01096674 2024-06-24 01096674 2023-06-25 2024-06-24 01096674 2022-06-24 01096674 2022-06-25 2023-06-24 01096674 2023-06-24 01096674 ns15:EnglandWales 2023-06-25 2024-06-24 01096674 ns14:PoundSterling 2023-06-25 2024-06-24 01096674 ns10:Director1 2023-06-25 2024-06-24 01096674 ns10:CompanyLimitedByGuarantee 2023-06-25 2024-06-24 01096674 ns10:SmallEntities 2023-06-25 2024-06-24 01096674 ns10:Audited 2023-06-25 2024-06-24 01096674 ns10:SmallCompaniesRegimeForDirectorsReport 2023-06-25 2024-06-24 01096674 ns10:SmallCompaniesRegimeForAccounts 2023-06-25 2024-06-24 01096674 ns10:FullAccounts 2023-06-25 2024-06-24 01096674 ns10:EntityHasNeverTraded 2023-06-25 2024-06-24 01096674 ns5:CurrentFinancialInstruments 2024-06-24 01096674 ns5:CurrentFinancialInstruments 2023-06-24 01096674 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-06-24 01096674 ns5:FurtherSpecificReserve1ComponentTotalEquity 2023-06-24 01096674 ns5:RetainedEarningsAccumulatedLosses 2024-06-24 01096674 ns5:RetainedEarningsAccumulatedLosses 2023-06-24 01096674 ns10:RegisteredOffice 2023-06-25 2024-06-24 01096674 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-24 01096674 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-06-24

REGISTERED NUMBER: 01096674 (England and Wales)

| Audited Financial Statements |

| for the Year Ended 24 June 2024 |

| for |

| Pinehurst Court Management Limited |

| Pinehurst Court Management Limited (Registered number: 01096674) |

Contents of the Financial Statements

for the Year Ended 24 June 2024

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

| Pinehurst Court Management Limited (Registered number: 01096674) |

Balance Sheet

24 June 2024

| 24/6/24 |  | 24/6/23

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 98,402 |  | 83,112 |  |

Cash at bank | 603,821 |  | 424,699 |  |

702,223 |  | 507,811 |  |

CREDITORS

Amounts falling due within one year | 5 | (49,959 | ) | (54,185 | ) |

NET CURRENT ASSETS | 652,264 |  | 453,626 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 652,264 |  | 453,626 |  |

RESERVES

Other reserves | 6 | 5,250 |  | 5,250 |  |

Income and expenditure account | 6 | 647,014 |  | 448,376 |  |

652,264 |  | 453,626 |  |

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 May 2026 and were signed on its behalf by:

V Garth - Director

| Pinehurst Court Management Limited (Registered number: 01096674) |

Notes to the Financial Statements

for the Year Ended 24 June 2024

1. | STATUTORY INFORMATION

| Pinehurst Court Management Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 01096674

| Registered office: | 24, High Street

| Holme Upon Spalding Moor

| York

| YO43 4HL

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.

| The company is aware that under current best practice the financial statements of resident management companies are most commonly non-trading accounts as under the terms of the lease monies collected as service charges are considered to be trust monies, which do not belong to the company. Under these circumstances the statutory non-trading accounts would be presented alongside service charge accounts which would provide all of the information contained within these financial statements. As there is continuing debate around the format that the statutory accounts should take the Directors have taken the pragmatic approach that these financial statements meet the requirements of both the company and the lessees while acknowledging that the assets are held on trust to meet the obligations laid out in the lease of the property.

| Turnover

| The turnover represents invoiced service charges, net of discounts given. The service charge is levied for the accounting period to cover the anticipated day to day costs arising and to provide a reserve for planned items of major expenditure. It is recognised on the due date as stipulated in the lease and not by reference to the date of the demand.

| Due to the anticipated major works in connection with fire safety, all lessees have been asked to make additional contributions to cover the projected costs.These contributions are spread over several years commencing in this financial year. The total requested is included in turnover. As with the service charge demands, the fire safety demands are recognised on the due date and not by reference to the date of the demand.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme to comply with its obligations under Auto Enrolment provided through the National Employment Savings Trust (NEST). Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

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

| 24/6/24 |  | 24/6/23

£ | £ |

| Unpaid Service Charge | 57,654 |  | 41,663 |  |

| Other debtors | 40,748 |  | 41,449 |  |

98,402 |  | 83,112 |  |

| Pinehurst Court Management Limited (Registered number: 01096674) |

Notes to the Financial Statements - continued

for the Year Ended 24 June 2024

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

| 24/6/24 |  | 24/6/23

£ | £ |

| Service Charge Paid in Advance | 31,223 |  | 27,255 |  |

| Taxation and social security | 1,432 |  | 133 |  |

| Other creditors | 17,304 |  | 26,797 |  |

49,959 |  | 54,185 |  |

6. | RESERVES

| Under Part 5 of the Schedule to each lease granted in the property, the Lessee was required to deposit the sum of £50 and to permit the Company to retain the same during the term of the lease as a reserve towards making good any default by the Lessee in paying any monies due to the Company in respect of all costs, charges and expenses incurred by the Company in performing its duties under the terms of the lease. All such payments will be repayable in full without interest to the Lessee at the end or sooner determination of the term of the lease. Due to the long term nature of this deposit it is disclosed as an "Other Reserve" in the accounts.

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

| The Report of the Auditors was unqualified.

| As referred to by the directors in note 9 of the accounts, the company is currently defending an action taken out against it. At the current time the advise obtained by the directors' indicates that the company is in a strong position to defend itself and the directors' are of the opinion that no provision is required for a negative outcome.The matter is tabled to be decided at a full face to face hearing in the First Tier Tribunal Property Chamber (Residential Property) on 3rd September.

| Susan Richardson (Senior Statutory Auditor)

| for and on behalf of S C Telfer

| The audit report was prepared in connection with the audit of the full annual accounts and directors' report. The directors' report has not been filed.

8. | CONTINGENT LIABILITIES

| The company is currently facing a challenge through Tribunal Services which it is actively defending . All indications are that the company is in a strong position to defend itself and the directors are confident in the outcome which should be decided by the end of September 2026.

| The company is not incurring any costs in relation to this action as it is not mandated to do so by the Memorandum and Articles of association.

| Although the outcome cannot be predicted with certainty it is considered unlikely at this stage that a significant settlement will need to be made and no provision is included in these accounts..

9. | CAPITAL COMMITMENTS

| During 2025 the directors committed to the refurbishment of the lift in Block 3. The contract was awarded to Chaney Lifts limited as the preferred bidder. Work commenced on the refurbishment in January 2026.

| The ongoing fire safety work was started after the year end. The contract price as reported last year remains unchanged. At the date of this report Block 3 has yet to be started while the work on the other Blocks has been substantially completed. Payments have been made from the Fire Safety fund as and when requested. Block 3 will be started once the necessary funding is in place.

10. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.