Forestfield Management Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01489740

Forestfield Management Company Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

28 September 2025

Forestfield Management Company Limited

Company Limited by Guarantee

Statement of Financial Position

28 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	1	1

Current assets

Debtors	7	56,607	65,056
Cash at bank and in hand		93,004	68,292
		----------	----------
		149,611	133,348

Creditors: amounts falling due within one year	8	4,108	2,965
		----------	----------
Net current assets		145,503	130,383
		----------	----------
Total assets less current liabilities		145,504	130,384
		----------	----------
Net assets		145,504	130,384
		----------	----------

Capital and reserves

General Reserve Fund	145,504	130,384
	----------	----------
Members funds	145,504	130,384
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Forestfield Management Company Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

28 September 2025

These financial statements were approved by the board of directors and authorised for issue on 16 June 2026 , and are signed on behalf of the board by:

K O'Hara

Director

Company registration number: 01489740

Forestfield Management Company Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 28 September 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Stevensdrake, 117-119 High Street, Crawley, West Sussex, RH10 1DD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Garden improvements	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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. Debt instruments are subsequently measured at amortised cost.

4. Bank account

Service charge funds are held in trust at HSBC Bank Plc and Santander under the title Forestfield Management Company Limited .

5. Company limited by guarantee

The company is limited by guarantee of members and does not have a share capital.

6. Tangible assets

	Freehold property	Garden improvements	Total
	£	£	£
Cost
At 29 September 2024 and 28 September 2025	1	18,252	18,253
	----	---------	---------
Depreciation
At 29 September 2024 and 28 September 2025	–	18,252	18,252
	----	---------	---------
Carrying amount
At 28 September 2025	1	–	1
	----	---------	---------
At 28 September 2024	1	–	1
	----	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	51,672	60,665
Other debtors	4,935	4,391
	---------	---------
	56,607	65,056
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	4,108	2,965
	-------	-------

9. General reserve fund

£

As at 29 September 2024 130,384

Transfer from income and expenditure account Nil

Deficit for the period for residential lessees 15,120

As at 28 September 2025 145,504

The General Fund has been established to meet the cost of large, non-regular repair and maintenance work which is expected to arise in the future on behalf of the residential lessees. The present level of this fund may prove insufficient given the uncertainty as to when such costs may arise.

Any shortfall in this fund resulting from expenditure incurred will be charged to the Income and Expenditure account in that year.

10. Summary of costs as required by section 21(5) landlord and

tenant act 1985.

a) Costs charged in the accounts in respect of which no demand for payment was received by the landlord within the service charge period but provision has been made amounted to £1,747.

b) Costs charged in the accounts in respect of which a demand for payment was so received but no payment was made by the landlord within the service charge period amounted to £Nil.

c) Costs charged in the accounts in respect of which a demand for payment was so received and payment was made by the landlord within the service charge period amounted to £56,845.

Total expenditure incurred within the period totals £58,592.