Company No: 01407918 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	8,834		8,834
		8,834		8,834
Current assets
Debtors	4	11,004		11,688
Cash at bank and in hand		57,058		54,280
		68,062		65,968
Creditors: amounts falling due within one year	5	( 17,976)		( 17,289)
Net current assets		50,086		48,679
Total assets less current liabilities		58,920		57,513
Net assets		58,920		57,513
Capital and reserves
Called-up share capital	6	27		27
Other reserves	7	45,738		43,072
Profit and loss account		13,155		14,414
Total shareholder's funds		58,920		57,513

For the financial year ending 30 June 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Richmond Court (Milford on Sea) Management Limited (registered number: 01407918) were approved and authorised for issue by the Board of Directors on 27 August 2026. They were signed on its behalf by:

H Croeser Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Richmond Court (Milford on Sea) Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Flat 12 Richmond Court Park Lane, Milford On Sea, Lymington, SO41 0PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises contributions receivable from the residents of Richmond Court.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 July 2025	8,834		8,834
At 30 June 2026	8,834		8,834
Accumulated depreciation
At 01 July 2025	0		0
At 30 June 2026	0		0
Net book value
At 30 June 2026	8,834		8,834
At 30 June 2025	8,834		8,834

4. Debtors

	2026		2025
	£		£
Trade debtors	955		2
Other debtors	10,049		11,686
	11,004		11,688

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	14,227		14,227
Corporation tax	212		365
Other creditors	3,537		2,697
	17,976		17,289

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
27 Ordinary shares of £ 1.00 each	27		27

7. Other reserves

	2026		2025
	£		£
Members' permanent fund	8,837		8,837
Building reserve	36,901		34,235
	45,738		43,072