Company Registration No. 03627889 (England and Wales)
PASSFIELD AVENUE MANAGEMENT COMPANY LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PASSFIELD AVENUE MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
1
2025
2024
Notes
£
£
£
£
Current assets
Cash at bank
6
6
Net current assets
6
6
Capital and reserves
Called up share capital
4
6
6

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 19 June 2026 and are signed on its behalf by:
S Phillips
Director
Company Registration No. 03627889
PASSFIELD AVENUE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2
1
Accounting policies
Company information

Passfield Avenue Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Flat 5, 65-67 Passfield Avenue, Eastleigh, Hampshire, SO50 9NN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible assets represent freehold property interest, which is stated at cost less depreciation. Depreciation is charged against the Capital Reserve on a straight line basis over 25 years.

1.3
Cash at bank

Cash at bank is a basic financial asset and includes deposits held at call with banks.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PASSFIELD AVENUE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies (Continued)
3
1.5

Residential management company

A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the residential management company acts as a trustee in this capacity. The company therefore retains no legal ownership to the service charge monies receivable, the expenses relating to the service charges incurred and the closing balance of cash and other assets and liabilities held in trust by the residential management company and thus these shall not be recognised in the statutory accounts of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
6
6
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2024 and 30 September 2025
500
Depreciation and impairment
At 1 October 2024 and 30 September 2025
500
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
-
0
4
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
6 ordinary shares of £1 each
6
6
PASSFIELD AVENUE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
4
5
Capital reserve

The capital reserve was set up at £500, being the amount paid by the original 6 members for the freehold interest, which is owned by the company. It was written off over a period of 25 years to reflect the depreciation applied to the freehold value.

2025-09-30 2024-10-01 false false false 19 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity S Phillips N Thorne N Prince L Joyce W Berry-Thorne S Thorne G Calder S Phillips 03627889 2024-10-01 2025-09-30 03627889 2025-09-30 03627889 2024-09-30 03627889 core:ShareCapital 2025-09-30 03627889 core:ShareCapital 2024-09-30 03627889 core:ShareCapitalOrdinaryShareClass1 2025-09-30 03627889 core:ShareCapitalOrdinaryShareClass1 2024-09-30 03627889 bus:CompanySecretaryDirector1 2024-10-01 2025-09-30 03627889 2023-10-01 2024-09-30 03627889 core:LandBuildings 2024-09-30 03627889 core:LandBuildings 2025-09-30 03627889 core:LandBuildings 2024-09-30 03627889 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 03627889 bus:FRS102 2024-10-01 2025-09-30 03627889 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 03627889 bus:Director1 2024-10-01 2025-09-30 03627889 bus:Director2 2024-10-01 2025-09-30 03627889 bus:Director3 2024-10-01 2025-09-30 03627889 bus:Director4 2024-10-01 2025-09-30 03627889 bus:Director5 2024-10-01 2025-09-30 03627889 bus:Director6 2024-10-01 2025-09-30 03627889 bus:Director7 2024-10-01 2025-09-30 03627889 bus:CompanySecretary1 2024-10-01 2025-09-30 03627889 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 03627889 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP