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COMPANY REGISTRATION NUMBER: 05383859

THE MILLRACE MANAGEMENT COMPANY LIMITED

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

THE MILLRACE MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 | 2024
Note | £ | £ | £

CURRENT ASSETS

Debtors | 5 | 6,410 |  | 9,181
Cash at bank and in hand | 16,267 |  | 20,373
| --------- |  | ---------
|  | 22,677 | 29,554
|  | --------- | ---------

CREDITORS: amounts falling due within one year | 6 |  | 22,677 | 29,554
|  | --------- | ---------

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 statement of comprehensive income has not been delivered.
For the year ending 31st December 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 May 2026 , and are signed on behalf of the board by:

Mr C F Gardner
Director

Company registration number: 05383859

THE MILLRACE MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st DECEMBER 2025
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.
2. Statement of compliance
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'.
3. Accounting policies
Basis of preparation
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents management charges receivable for services.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Company limited by guarantee
The company is a company limited by guarantee. As such there is no issed or authorised share capital.
5. Debtors

| 2025 | 2024
| £ | £

Prepayments and accrued income | 4,673 | 4,107
Service charge arrears | 1,737 | 5,074
| -------- | --------
| 6,410 | 9,181
| -------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £

Trade creditors | 55 | 127
Service charges in advance | 13,538 | 7,522
Accruals and deferred income | 804 | 12,350
Other creditors | 8,280 | 9,555
| --------- | ---------
| 22,677 | 29,554
| --------- | ---------

Other creditors relates to the money held by the company on behalf of the property owners of The Millrace Management Company Limited. The company directors advised that the works related to the NHBC deferred income brought forward of £10,530 had long since been completed and that this balance should be released from accruals and deferred income to amounts owed to property owners, hence other creditors.
7. Related party transactions
There is no controlling party of the company. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.