Bedford Court Mansions Limited 28/09/2025 iXBRL

Company registration number: 02296250

Bedford Court Mansions Limited

Company limited by guarantee

Filleted financial statements

28 September 2025

Bedford Court Mansions Limited

Company limited by guarantee

Contents

Directors responsibilities statement

Balance sheet

Notes to the financial statements

Bedford Court Mansions Limited

Company limited by guarantee

Directors responsibilities statement

Year ended 28 September 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Bedford Court Mansions Limited

Company limited by guarantee

Balance sheet

28 September 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	461,347		484,785
Investments		1,787,026		1,853,986
		_______		_______
			2,248,373		2,338,771

Current assets
Debtors	5	25,264		5,685
Cash at bank and in hand		173,829		138,131
		_______		_______
		199,093		143,816
Creditors: amounts falling due
within one year	6	( 43,337)		( 23,008)
		_______		_______
Net current assets			155,756		120,808
			_______		_______
Total assets less current liabilities			2,404,129		2,459,579


Provisions for liabilities			( 277,545)		( 294,285)

			_______		_______
Net assets			2,126,584		2,165,294
			_______		_______

Capital and reserves
Revaluation reserve			1,158,542		1,242,242
Capital Reserves			800,000		800,000
Profit and loss account			168,042		123,052
			_______		_______
Members funds			2,126,584		2,165,294
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Income and Expenditure account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 01 April 2026 , and are signed on behalf of the board by:

I Appleyard

Director

Company registration number: 02296250

Bedford Court Mansions Limited

Company limited by guarantee

Notes to the financial statements

Year ended 28 September 2025

1. General information

The Company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is 2 Tolherst Court, Turkey Mill Business Park, Ashford Road, Maidstone, Kent, ME14 5SF.The company is a residents' management company and holds tenant service charge monies on trust in accordance with section 42 of the Landlord and Tenant Act 1987.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The Directors continue to adopt the going concern basis in preparing the financial statements and confirm there are no material uncertainties about the company's ability to continue as a going concern.

Changes in accounting estimates

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.The useful economic lives and residual values of tangible assets are re-assessed annually. They are amended when necessary to reflect current estimates, based on new information or new developments and the physical condition of the assets. See note 5 for the carrying amount of the tangible assets, and Depreciation note below for the useful economic lives for each class of assets.

Income and Expenditure

Income represents ground rents, flat rents and other charges receivable. Income is recognised in the financial statements as it becomes receivable. Expenditure is recognised in the financial statements as it becomes due and includes VAT where applicable as the company cannot reclaim it. Service charge income and expenditure is not recognised in the company's financial statements. Such monies are collected and expended by the company in a trustee capacity on behalf of the tenants.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Land and Buildings - over 15 years or over the length of the lease


Fittings fixtures and equipment	-	15 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property, being property held to earn rentals or for capital appreciation or both, is measured using the fair value model and stated at its fair value as at the reporting end date. The surplus or deficit on revaluation is recognised in the income and expenditure account. As accumulated fair value gains in respect of investment properties are not realised they are transferred to a revaluation reserve which is separately presented in the balance sheet.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date for tangible assets, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Service Charge Funds

Service charge contributions paid by tenants towards the property costs but unspent as at the reporting date constitute service charge assets which are held in trust by the company for tenants' benefit in accordance with Section 42 of the Landlord and Tenants Act 1987. As the company has no beneficial interest in these funds they are not recognised as an asset in the company's financial statements.

4. Tangible assets

	Freehold and leasehold properties	Total
	£	£
Cost
At 29 September 2024 and 28 September 2025	625,410	625,410
	_______	_______
Depreciation
At 29 September 2024	140,625	140,625
Charge for the year	23,438	23,438
	_______	_______
At 28 September 2025	164,063	164,063
	_______	_______
Carrying amount
At 28 September 2025	461,347	461,347
	_______	_______
At 28 September 2024	484,785	484,785
	_______	_______

Included in Land and Buildings above is a Reversionary Interest capitalised and depreciated over the remaining life of the Lease.

Investment property

Investment property comprises certain flats in Bedford Court Mansions, not subject to long leases, which are let by the company in order to generate rental income or held for capital appreciation. The fair value of the investment has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and generally available capital value indices.

5. Debtors

	2025	2024
	£	£
Trade debtors	25,109	5,530
Other debtors	155	155
	_______	_______
	25,264	5,685
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,055	-
Corporation tax	8,525	13,038
Other creditors	31,757	9,970
	_______	_______
	43,337	23,008
	_______	_______

7. Deferred tax

The deferred tax included in the Balance Sheet is as follows:

	2025	2024
	£	£
Included in provisions (note )	277,545	294,285
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Revaluation of tangible assets	277,545	294,285
	_______	_______

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so.The deferred tax liability set out above is not expected to reverse within 12 months and relates to cumulative revaluation gains of investment property. This liability will reverse as a result of: sale of the relevant property, future decreases in the fair value of the property or through the offset of future losses of the company against which relevant gains can be relieved.

8. Contingent Liabilities

There are no contingent liabilities to report as at 28th September 2025.

9. Summary audit opinion

The auditor's report dated 02 April 2026 was unqualified.

The senior statutory auditor was Ms Tarwa Mohammed for and on behalf of Couch Bright King & Co

10. Related party transactions

The directors are reimbursed by the company for expenditure incurred by them on the company's behalf. During the year ended 28th September 2025, D Judd was reimbursed £1,088.

11. Service charge funds

Reconciliation of movement in service charge funds in the period:-

£

Funds as at 29 September 2024 1,351,045

Part I surplus for the period 20,075

Part II surplus for the period 228,275

_______

Funds as at 28 September 2025 1,599,395

_______

The service charge assets and liabilities held on trust by the company on behalf

of the leaseholders comprised:-

Debtors 93,967

Cash 1,635,082

Creditors (129,654)

_______

Service charge net assets 1,599,395

_______

12. Members' liability

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.

13. Revaluation reserve

2025 2024

£ £

At the beginning of the year 1,242,242 1,291,093

Transfer (to) retained earnings (83,700) (48,851)

_______ _______

At the year end 1,158,542 1,242,242

_______ _______