REGISTERED NUMBER: 08748984 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 23 JUNE 2025

FOR

BURY SOUTH MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

M B Rostron

Waterfall Propco Limited

REGISTERED OFFICE:

C/O Workman LLP

7th Floor

3 Newbridge Square

Swindon

SN1 1BY

REGISTERED NUMBER:

08748984 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 23 June 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 24 June 2024 to the date of this report.

M B Rostron

Waterfall Propco Limited

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Waterfall Propco Limited - Director

23 June 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bury South Management Company Limited for the year ended 23 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bury South Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bury South Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Bury South Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bury South Management Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bury South Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bury South Management Company Limited. You consider that Bury South Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bury South Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Websters

12 Melcombe Place

London

NW1 6JJ

23 June 2026

SERVICE CHARGES RECEIVABLE

52,816

28,712

Service charge expenditure

(52,904

)

(28,712

)

GROSS LOSS

(88

)

-

OPERATING LOSS

4

(88

)

-

Interest receivable and similar income

109

-

PROFIT BEFORE TAXATION

21

-

Tax on profit

(21

)

-

PROFIT FOR THE FINANCIAL YEAR

-

-

CURRENT ASSETS

Debtors

5

46,365

19,994

CREDITORS

Amounts falling due within one year

6

(46,204

)

(19,833

)

NET CURRENT ASSETS

161

161

TOTAL ASSETS LESS CURRENT LIABILITIES

161

161

CAPITAL AND RESERVES

Called up share capital

161

161

161

161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 June 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 profit or loss 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 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 23 June 2026 and were signed on its behalf by:

Waterfall Propco Limited - Director

1.	STATUTORY INFORMATION

Bury South Management Company Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

These financial statements report the transactions of Bury South Management Company Limited only and the presentation currency of the financial statements is the Pound Sterling (£).

The Company's principal place of business is C/O Workman LLP, 7th Floor, 3 Newbridge Square, Swindon SN1 1BY.

COMPANY PURPOSE

The Company exists as a special purpose entity, established for the management and administration of the service charge arrangement for Bury South Business Park ("the Development").

The company receives service charge contributions from the tenants and applies those funds towards the costs of maintaining, repairing, insuring and managing the common parts of the development, in accordance with the relevant lease agreements.

The Company does not trade for profit and does not undertake any activities other than the collection and expenditure of service charge monies.

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.

Service charges receivable

Service charges receivable comprises the reimbursement of service charge expenditure deployed by the management company on behalf of the service charge fund for the Development.

Recognition of income

Service charges receivable is recognised in the financial statements concurrently with the recognition of the service charge expenditure that is being funded.

VAT

The Company's responsibility to manage the Development exists by way of provisions within the tenants' leases. However, the Company has not opted its interest in the amenity land to VAT and therefore all service charge income and expenditure is reported inclusive of VAT in these financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	OPERATING LOSS

The directors received no remuneration in respect of their services to the company for the year.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.6.25

23.6.24

£

£

Trade debtors

26,259

-

Other debtors

20,106

19,994

46,365

19,994

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.6.25

23.6.24

£

£

Trade creditors

31,537

13,830

Taxation and social security

21

-

Other creditors

14,646

6,003

46,204

19,833

7.	CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related party.