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Company registration number:
02546403
The Lanterns Management Company Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2025
BRIAN PAUL LIMITED
Chartered Accountants
159a Chase Side, Enfield, Middlesex, EN2 0PW, United Kingdom
The Lanterns Management Company Limited
Statement of Financial Position
31 December 2025
20252024
Note££
Current assets    
Debtors 5
15,249
 
24,431
 
Cash at bank and in hand
43,705
 
27,803
 
58,954
 
52,234
 
Creditors: amounts falling due within one year 6
(53,988
 )
(56,766
 )
Net current assets/(liabilities)
4,966
 
(4,532
 )
Total assets less current liabilities 4,966   (4,532 )
Provisions for liabilities
(4,866
 )
4,632
 
Net assets
100
 
100
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account -   -  
Shareholders funds
100
 
100
 
For the year ending
31 December 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
13 February 2026
, and are signed on behalf of the board by:
N Razib
Director
Company registration number:
02546403
The Lanterns Management Company Limited
Notes to the Financial Statements
Year ended
31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
C/O Brian Paul Limited
,
159a Chase Side
,
Enfield
,
EN2 0PW
, England.

2 Statement of compliance

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

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents the total invoice value, excluding value added tax, of service charges receivable during the year.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

5 Debtors

20252024
££
Trade debtors
10,190
 
19,512
 
Other debtors
5,059
 
4,919
 
15,249
 
24,431
 

6 Creditors: amounts falling due within one year

20252024
££
Trade creditors
972
 
3,084
 
Taxation and social security
7,985
 
7,150
 
Other creditors
45,031
 
46,532
 
53,988
 
56,766
 

8 Controlling party

The ultimate controlling party is T J Auld and Colston Trustees Limited who exercises a controlling interest due to its majority shareholding.