The directors present their annual report and financial statements for the year ended 31 December 2025.

The principal activity of the company continued to be that of Residents property management.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Other matters

Investments / Savings

During 2025, the Company continued to invest £50 a month in the M&G Recovery and Growth Funds and £50 a month in the NatWest Business Reserve account.

Service /Maintenance Payments

Service charges remain at £105 per month if the flat is let and £90 per month for resident owners. The appropriate amounts have been received from each owner.

Buildings Insurance

The policy was renewed in July 2025 and a copy of the Certificate was circulated to all Directors. The sum insured is £4,056,035. Reminder Note: If your property is going to be unoccupied for more than 60 consecutive days, then the insurers must be informed.

Directors and Officers Liability Insurance

The policy was renewed in July 2025.

Health & Safety

Updated H&S policies are displayed in the hallway on the ground floor.

Smoke alarms in the communal hall/stairway are checked quarterly, and batteries are replaced as required. A record of these checks is being maintained.

Fire hydrants/apparatus continue to be checked/ serviced annually. The service undertaken in February 2023 revealed no defects with the current equipment.

GENERAL

Drains

The drains were inspected and cleaned by Aspect in October 2025, and further works were identified. They identified cracks in the individual pipes from several flats, together with the absence of a rodding eye for Flat 1. We scheduled for the repairs, together with the addition of a new rodding eye for Flat 1 to be housed in a new step for the back door. All works scheduled for early in 2026.

Roof

In August 2024, we had maintenance work on the roof to clear debris buildup, carry out repairs, and make good. The roof is inspected annually.

Gardening

Piotr’s hourly rate remains at £25 from £22 (still low, as other gardens charge £28-32 per hour).

Internal Cleaning

In June 2025, we employed Agnes, who has been privately cleaning two flats for 30+ years, to do the vacuuming and general cleaning of the communal areas.

Parking

Once again, please remind all landlords to instruct their tenants NOT to block access to other tenants’ garages.

Garden / Recycling

General garden maintenance continues.

Windows

The flat windows continue to be cleaned externally every two months, and the communal hallway windows are cleaned internally and externally.

31 GRM Ltd Board Resolutions

No new resolutions were added in 2025.

Significant AGM Decisions

A director’s liability insurance policy for £100,000 is in place, with an agreement NOT to purchase block terrorism insurance (AGM 5/3/2006). An email survey in November 2016 reconfirmed the directors’ decision NOT to purchase block terrorism insurance.

Flat Sales: When a flat is sold, the vendor pays a charge to cover the company's professional fees. The Executive Committee Meeting on 26/10/2010 agreed to increase this charge to £300 for future sales.

It was agreed that landlords should NOT allow “For Sale or To Let” signs to be erected on the premises.

As per the Terms & Conditions of the Lease, the renting/subletting of individual garages is not allowed (i.e. not to assign, underlet, or part with the possession of part only of the demised premises). AGM 6/3/2012.

Garage door replacement is the responsibility of the individual owner (AGM 4/3/2007).

In 2015, Flats 2, 3, 4, 5, 7, 8, and 9 paid to have their garage roofs replaced. Each owner received an ASBESTOS safe disposal certificate for their records.

Flats 1 and 6 chose not to replace their garage roofs. Accordingly, a Resolution was raised confirming that it was the responsibility of the owners of flats 1 and 6 to keep their respective garage roofs in good order, and replacement/repair was the responsibility of the individual owners. (AGM 29/03/2016)

Significant Dates

The freehold was acquired in 1994 and shown in the Accounts at the original cost of £9517 with additions of £2115.

A new roof was installed in 2006 and has a 20-year Guarantee. A roof survey/inspection was undertaken in September 2016, and it requires no maintenance.

Cavity Wall insulation was installed in July 2009, and the individual flat owners hold 25-year warranty certificates.

White Liquid Plastic—Decothane Gamma 20—was applied to the white panelling under the windows in August 2004 and is guaranteed for 20 years. Note that these panels are low-grade asbestos and should not be disturbed.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 31 Gloucester Road Management Limited for the year ended 31 December 2025, which comprise the profit and loss account and the balance sheet, 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 https://www.icaew.com/regulation.

This report is made solely to the board of directors of 31 Gloucester Road Management Limited, as a body, in accordance with the terms of the engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of 31 Gloucester Road Management Limited and state those matters that we have agreed to state to the board of directors of 31 Gloucester Road Management 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 31 Gloucester Road Management Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that 31 Gloucester Road Management Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that 31 Gloucester Road Management 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 financial statements of 31 Gloucester Road Management 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 financial statements.

The average number of persons, including directors, employed by the company during the year was as follows:

31 Gloucester Road Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Communication House, 4c Victoria Avenue, Camberley, Surrey, GU15 3HX.

For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.