Cloisters Business Centre Management Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02139722

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	38,045		213,931
Cash at bank and in hand		67,920		73,069

		105,965		287,000
Creditors: Amounts Falling Due Within One Year	5	(221,923 )		(311,784 )

NET CURRENT ASSETS (LIABILITIES)			(115,958 )		(24,784 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(115,958 )		(24,784 )

NET LIABILITIES			(115,958 )		(24,784 )

CAPITAL AND RESERVES
Called up share capital	6		24		24
Profit and Loss Account			(115,982 )		(24,808 )

SHAREHOLDERS' FUNDS			(115,958)		(24,784)

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Cloisters Business Centre Management Company Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Manners

Director

2 June 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Cloisters Business Centre Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02139722 . The registered office is Chp Accountants Limited Clifton House, Four Elms Road, Cardiff, CF24 1LE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At 30 September 2025 the company had net liabilities of £115,958. Following the year end, the company was unsuccessful in legal proceedings relating to the recovery of service charges from a unit holder. As a result, the directors have written off the irrecoverable debt in these financial statements.

The company is proposing to enter into a Company Voluntary Arrangement with its creditors. The company’s main creditor is the landlord, who has indicated that it will continue to support the company while the arrangement is progressed.

The directors have prepared the financial statements on a going concern basis as they expect the Company Voluntary Arrangement to be approved and the company to continue to receive financial support from the landlord and ongoing service charge contributions.

However, the approval of the Company Voluntary Arrangement and the continued support of the landlord are not wholly within the company’s control. This gives rise to a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern.

2.3. Turnover

Turnover represents the total invoice value, excluding value added tax, of service charges levied in respect of the financial year, as falling within the company's ordinary activities.

2.4. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

All of the financial instruments applying to the company are basic as defined in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.

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Cloisters Business Centre Management Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Taxation

The company acts as a management company for the members and does not carry on a trade for corporation tax purposes. The service charge income and related expenditure are dealt with on behalf of the member and are not treated as taxable income of the company.

Corporation tax is payable only on taxable investment income, being bank interest received during the year. The tax charge for the year has therefore been calculated by applying the applicable corporation tax rate to the bank interest receivable.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	38,045	213,931

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	15,849	100,242
Loan from landlord	60,000	60,000
Other taxes and social security	1,245	7,772
Deferred income	86,037	89,504
Accruals	58,792	54,266

	221,923	311,784

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
24 Ordinary Shares of £ 1.00 each	24	24

7. Post Balance Sheet Events

After the year end, the company was unsuccessful in legal proceedings relating to the recovery of service charges from a unit holder. As a result, the directors have written off the irrecoverable debt in these financial statements. The debt has been removed from trade debtors in full, with any VAT bad debt relief recognised separately where the conditions for recovery are met.

Following the judgment, the company is proposing to enter into a Company Voluntary Arrangement with its creditors. The directors have considered this matter when assessing the company’s ability to continue as a going concern.

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