Old Mill (Misterton) Management Co Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
49 High West Street
Dorchester
Dorset
DT1 1UT
England

These financial statements were authorised for issue by the Board on 13 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Reclassification of comparative amounts

The financial statements for the year ended 31 Decmber 2025 are the first that comply with FRS 102 Section 1A. The company transitioned from FRS 105 on 1 January 2025. The transition to FRS 102 Section 1A has resulted in no changes in accounting policies that required a restatement of the financial position or financial performance of the company. Consequently, no reconciliation of equity or profit and loss has been presented as there are no differences between the amounts previously reported under FRS 105 and the amounts presented under FRS 102.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Old Mill (Misterton) Management Co Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0). The average number of directors on the board during the year was 5 (2024 - 4).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	139	185

Old Mill (Misterton) Management Co Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost
At 1 January 2025	2,221	2,221
At 31 December 2025	2,221	2,221
Depreciation
At 1 January 2025	1,666	1,666
Charge for the year	139	139
At 31 December 2025	1,805	1,805
Carrying amount
At 31 December 2025	416	416
At 31 December 2024	557	557

6

Debtors

Current	2025 £	2024 £
Amounts due from lessees	270	-
Prepayments	403	393
Other debtors	540	(28)
	1,213	365

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Amounts received in advance from lessees	696	-
Taxation and social security	288	-
Accruals and deferred income	510	497
Other creditors	-	2,310
	1,494	2,807