| Saltaire Apartments Management Company Limited |
| Registered number: |
05545616 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
20,810 |
|
|
20,810 |
|
| Current assets |
| Debtors |
4 |
|
1,002 |
|
|
690 |
| Cash at bank and in hand |
|
|
19,859 |
|
|
9,311 |
|
|
|
20,861 |
|
|
10,001 |
|
| Creditors: amounts falling due within one year |
5 |
|
(13,937) |
|
|
(12,024) |
|
| Net current assets/(liabilities) |
|
|
|
6,924 |
|
|
(2,023) |
|
| Net assets |
|
|
|
27,734 |
|
|
18,787 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
27,734 |
|
|
18,787 |
|
| Members' funds |
|
|
|
27,734 |
|
|
18,787 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| P. Loveday |
|
| P. Loveday |
| Director |
| Approved by the board on 21 May 2026 |
|
| Saltaire Apartments Management Company Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents ground rents, substation rental income and other income receivable during the year, excluding value added tax. Income is recognised in the period to which it relates. Lease extension premiums are recognised at the point the related lease extension completes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated impairment losses.
Freehold land is not depreciated as it is considered to have an indefinite useful economic life. The directors review the carrying value of the freehold property annually and make provision for impairment where considered necessary. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the current or past reporting periods using tax rates and laws enacted or substantively enacted at the balance sheet date. Deferred tax is recognised in respect of all material timing differences. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Freehold Property |
| £ |
|
Cost |
|
At 1 January 2025 |
20,810 |
|
At 31 December 2025 |
20,810 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
20,810 |
|
At 31 December 2024 |
20,810 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Ground rent receivable |
250 |
|
250 |
|
Substation rent receivable |
|
624 |
|
312 |
|
Prepayments |
128 |
|
128 |
|
|
|
|
|
|
1,002 |
|
690 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Member's loans |
11,636 |
|
11,636 |
|
Corporation tax |
2,099 |
|
190 |
|
Accrued expenses |
202 |
|
198 |
|
|
|
|
|
|
13,937 |
|
12,024 |
|
|
|
|
|
|
|
|
|
|
Member contributions previously advanced to the company in connection with the acquisition of the freehold interest have historically been reflected as non-interest bearing loans. Certain balances were repaid during 2026. |
|
|
| 6 |
Other information |
|
|
Saltaire Apartments Management Company Limited is a private company limited by guarantee and incorporated in England and Wales. Its registered office is: |
|
Hawthorn House |
|
1 Lowther Gardens |
|
Bournemouth |
|
Dorset |
|
BH8 8NF |
|
|
The company funds are held within a client bank account operated by the managing agent on behalf of the company and are separately identifiable from service charge monies. |