St Marys Court (Bridgwater) Management Company Limited

Registered number

02276143

Filleted Accounts

31 December 2025

St Marys Court (Bridgwater) Management Company Limited
Registered number:		02276143
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	1,483			2,996
Cash at bank and in hand		17,427			26,715
		18,910			29,711

Creditors: amounts falling due within one year	4	(1,753)			(8,240)

Net current assets			17,157			21,471

Net assets			17,157			21,471

Capital and reserves
Tarmac reserve	5		3,000			3,000
Insurance reserve	6		1,500			500
Internal Redecoration reserve	7		4,200			4,200
External Redecoration reserve	8		-			-
Profit and loss account			8,457			13,771

Shareholder's funds			17,157			21,471

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S C Abel
Director
Approved by the board on 1 September 2026

St Marys Court (Bridgwater) Management Company Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.






2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	1		1


3	Debtors	2025		2024
£			£

	Trade debtors	1,483		2,996


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	624		6,260
	Taxation and social security costs	44		113
	Other creditors	1,085		1,867
		1,753		8,240


5	Tarmac reserve	2025		2024
£			£

	At 1 January 2025	3,000		3,000

	At 31 December 2025	3,000		3,000

6	Insurance reserve	2025		2024
£			£

	At 1 January 2025	500		500
	Gain on revaluation of land and buildings	-		-
	Transfer	1,000		-

	At 31 December 2025	1,500		500

7	Internal Redecoration reserve	2025		2024
£			£

	At 1 January 2025	4,200		4,200
	Gain on revaluation of land and buildings	-		-
	Transfer	-		-

	At 31 December 2025	4,200		4,200





8	External Redecoration reserve	2025		2024
£			£

	At 1 January 2025	-		35,319
	Gain on revaluation of land and buildings	-		-
	Transfer	-		(35,319)

	At 31 December 2025	-		-

6	Other information

	St Marys Court (Bridgwater) Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	47 High Street
	Bridgwater
	Somerset
	TA6 3BG

10	Client money

	The amount shown in the bank account in the Company accounts is the money held on trust for the tenants.

11	Agents remuneration

	No remuneration was paid to the Agent for works carried out in relation to their property.