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Registration number: 2480415

Mornington Road (Block A) Management Co. Limited
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

Mornington Road (Block A) Management Co. Limited

Contents

Company Information | 1
Directors' Report | 2
Profit and Loss Account and Statement of Retained Earnings | 3
Balance Sheet | 4
Notes to the Unaudited Financial Statements | 5 to 7
Detailed Profit and Loss Account | 8 to 9
Accountants' Report | 10

Mornington Road (Block A) Management Co. Limited

Company Information

Directors | DMG Property Management Ltd Jan Miravite-Tiley

Company secretary | DMG Property Management Limited

Registered office | Suite 7 Aspect House Pattenden Lane Marden Kent England TN12 9QJ

Bankers | NatWest Maidstone 3 High Street Maidstone Kent ME14 1HJ

Accountants | Manningtons Victoria House The Moor Hawkhurst Cranbrook East Sussex TN18 4NR

Mornington Road (Block A) Management Co. Limited

Directors' Report for the Year Ended 31 March 2026

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors of the company

The directors who held office during the year were as follows:

Mrs Penelope Jane McGill (resigned 22 December 2025)

DMG Property Management Ltd (appointed 22 December 2025)

Jan Miravite-Tiley (appointed 22 December 2025)

Principal activity

The principal activity of the company is residential property management of the building comprising 12 flats erected on the land situate at and known as Block A, Mornington Road, London Borough of Lewisham

Small companies provision statement

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

This company is not considered a trading company and there is no liability to tax.

Bank information
Account name: DMG Property Management Limited Mornington Road (Block A) Man Co Client Account
Sort code: 60 60 08 Account number: 56120397
Interest bearing
Account name: DMG Property Management Ltd Mornington Road Block A Reserve Client Account
Sort code: 60 60 08 Account number: 56286414
Interest bearing

Approved and authorised by the Board on 26 July 2026 and signed on its behalf by:

......................................... DMG Property Management Limited Company secretary

Mornington Road (Block A) Management Co. Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2026

| Note | 2026 £ | 2025 £
Service charges |  | 22,878 | 15,840
Administrative expenses |  | (12,950) | (16,424)
Operating surplus/(deficit) |  | 9,928 | (584)
Other interest receivable and similar income |  | 18 | 29
|  | 18 | 29
Surplus/(deficit) before tax |  | 9,946 | (555)
Surplus/(deficit) for the financial year |  | 9,946 | (555)
Retained earnings brought forward |  | (1,368) | (813)
Retained earnings carried forward |  | 8,578 | (1,368)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Mornington Road (Block A) Management Co. Limited

(Registration number: 2480415)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Current assets |  |  |
Debtors | 4 | 13,511 | 3,115
Creditors: Amounts falling due within one year | 5 | (1,333) | (883)
Total assets less current liabilities |  | 12,178 | 2,232
Creditors: Amounts falling due after more than one year | 5 | (3,600) | (3,600)
Net assets/(liabilities) |  | 8,578 | (1,368)
Reserves |  |  |
Retained earnings |  | 8,578 | (1,368)
Surplus/(deficit) |  | 8,578 | (1,368)

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 26 July 2026 and signed on its behalf by:

......................................... Jan Miravite-Tiley Director

Mornington Road (Block A) Management Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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 £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Suite 7 Aspect House
Pattenden Lane
Marden
Kent
TN12 9QJ
England

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Service charges 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. Service charges is shown net of sales/value added tax, returns, rebates and discounts.
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.

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.

Mornington Road (Block A) Management Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Service charge arrears

Service charge arrears are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Service charge arrears are recognised at the transaction price, less provision for impairment. A provision for the impairment of service charge arrears is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Service charges paid in advance

Service charges paid in advance are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Service charges paid in advance are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2025 - 0).

Mornington Road (Block A) Management Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Debtors

| 2026 £ | 2025 £
Service charge arrears | 642 | 440
Prepayments | 1,062 | 1,039
Other debtors | 11,807 | 1,636
| 13,511 | 3,115

Other debtors includes a sum of £11,243 (2025 - £1,466) held in the name of the company in a client account of the appointed agent for the leaseholders.
Also included within other debtors are invoice debtors of £564 (2025 - £170).

5 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Service charges paid in advance | 600 | 215
Other creditors | 733 | 668
| 1,333 | 883

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 6 | 3,600 | 3,600

6 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 3,600 | 3,600

Mornington Road (Block A) Management Co. Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2026

| 2026 £ | 2025 £
Service charges (analysed below) | 22,878 | 15,840
Gross surplus (%) | 100% | 100%
Administrative expenses |  |
General administrative expenses (analysed below) | (13,013) | (16,449)
Finance charges (analysed below) | 63 | 25
| (12,950) | (16,424)
Operating surplus/(deficit) | 9,928 | (584)
Other interest receivable and similar income (analysed below) | 18 | 29
Surplus/(deficit) before tax | 9,946 | (555)

Mornington Road (Block A) Management Co. Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2026

| 2026 £ | 2025 £

Service charges |  |
Service charges | 16,560 | 15,840
Section 20 charges | 6,318 | -
| 22,878 | 15,840

General administrative expenses |  |
Light, heat and power | 439 | 385
Insurance - Building | 3,029 | 3,086
Insurance - Directors | 122 | 123
Reports | 1,195 | 670
Insurance - Building - Prepayment adjustment | (24) | (70)
Repairs and maintenance | 725 | 876
Electrical repairs | - | 419
Emergency lighting | 348 | 240
TV aerial and entryphone rental | 594 | 3,853
Sundry expenses | - | 34
Cleaning | 377 | 377
Window cleaning | 473 | 473
Refuse clearance | - | 230
Bin hire | 72 | 216
Pest control | 450 | -
Gardening | 1,016 | 981
Tree works | 660 | 1,220
Accountancy fees | 612 | 576
Management fees | 2,925 | 2,760
| 13,013 | 16,449

Finance charges |  |
Bank charges | (63) | (25)

Other interest receivable and similar income |  |
Bank interest receivable | (18) | (29)

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Mornington Road (Block A) Management Co. Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mornington Road (Block A) Management Co. Limited for the year ended 31 March 2026 as set out on pages 3 to 7 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Mornington Road (Block A) Management Co. Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2019. Our work has been undertaken solely to prepare for your approval the accounts of Mornington Road (Block A) Management Co. Limited and state those matters that we have agreed to state to the Board of Directors of Mornington Road (Block A) Management Co. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mornington Road (Block A) Management Co. Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mornington Road (Block A) Management Co. Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mornington Road (Block A) Management Co. Limited. You consider that Mornington Road (Block A) Management Co. 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 accounts of Mornington Road (Block A) Management Co. 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 accounts.

......................................
Manningtons
Victoria House The Moor
Hawkhurst
Cranbrook
East Sussex
TN18 4NR

12 August 2026