REGISTERED NUMBER: 12259004 (England and Wales)

HOMESTEADS (HUNSTANTON) MANAGEMENT

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mr A W Spence

Mrs T M Williscroft

REGISTERED OFFICE:

20 Kings Lynn Road

Hunstanton

Norfolk

PE36 5HP

REGISTERED NUMBER:

12259004 (England and Wales)

ACCOUNTANTS:

MAPUS-SMITH & LEMMON LLP

Chartered Accountants, Business Advisers

& Tax Consultants

20 Kings Lynn Road

Hunstanton

Norfolk

PE36 5HP

FIXED ASSETS

Investment property

4

30

30

CURRENT ASSETS

Cash at bank

5,178

2,879

CREDITORS

Amounts falling due within one year

5

7,592

2,015

NET CURRENT (LIABILITIES)/ASSETS

(2,414

)

864

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,384

)

894

RESERVES

Income and expenditure account

(2,384

)

894

(2,384

)

894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 30 May 2026 and were signed on its behalf by:

Mr A W Spence - Director

1.	STATUTORY INFORMATION

Homesteads (Hunstanton) Management Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents invoiced and accrued service charges and other reimbursed expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

30

NET BOOK VALUE

At 31 December 2025

30

At 31 December 2024

30

The Investment Property consists of the freehold known as The Homestead which contains 7 flats each of which have been granted a 999 year lease of which there is still 986 years to run at the balance sheet date.

The directors consider the market value of the Investment Property being the freehold reversionary interest to be of negligible value and hence consider the fair value to be equivalent to the original cost of £30 as at 31 December 2021.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments in advance

6,392

815

Accruals

1,200

1,200

7,592

2,015

6.	GENERAL INFORMATION

Residential Management Company Status

The service charges received by the company are solely derived from the tenants who are also members of the company.

Under Section 42 Landlord and Tenant Act 1987 funds received from tenants as variable service charges are held under a statutory trust, and, accordingly, these funds, being held for the benefit of the tenants, are held by the company in the company's bank account.

In the opinion of the directors, the company's activities are fully mutual, and for this reason, it is considered that there is no requirement for a separate bank account, outside the company, to be set up in which to hold surplus funds.

7.	GUARANTORS

The company is limited by guarantee. The liability of each member as per the Memorandum and Articles of Association is limited to £1 .