REGISTERED NUMBER: 02155782 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

St James Park Management (Salford)

Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

1

1

CURRENT ASSETS

Debtors

5

63,756

119,119

Cash at bank

6

409,033

831,816

472,789

950,935

CREDITORS

Amounts falling due within one year

7

83,570

175,360

NET CURRENT ASSETS

389,219

775,575

TOTAL ASSETS LESS CURRENT LIABILITIES

389,220

775,576

RESERVES

Income and expenditure account

8

389,220

775,576

389,220

775,576

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

Mrs M J Allbutt - Director

1.	STATUTORY INFORMATION

St James Park Management (Salford) Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02155782

Registered office:

C/o Stevenson Whyte

Unit 7

5 Blantyre Street

Manchester

Greater Manchester

M15 4JJ

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income from service charges for the year payable by the lessees of St. James Park.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Nil due to nominal value

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction. Financial assets comprise service charge debtors and cash at bank; financial liabilities comprise other creditors and accruals. Debtors are stated net of any provision for impairment where there is objective evidence that amounts due will not be recovered.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Service charges and deferred income

Turnover represents service charges receivable from the lessees of St James Park in respect of the period. Service charges are recognised in the period to which the related expenditure and management of the development relate. Amounts received from lessees relating to future periods are deferred and included within creditors as service charges received in advance, and are released to income in the period to which they relate.

Going concern

The company meet its obligations from service charges levied on the lessees of St James Park under the terms of the leases. The directors have assessed the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements and, having regard to the company's ability to levy service charges to meet its liabilities as they fall due, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 October 2024

and 30 September 2025

1

NET BOOK VALUE

At 30 September 2025

1

At 30 September 2024

1

The title to the freehold property, on which the development stands, has been recognised in the financial statements at a nominal value of £1.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Service charges in arrears

46,081

113,890

Prepayments and accrued income

17,675

5,229

63,756

119,119

6.	CASH AT BANK

Service charge monies are held in trust by the managing agent on behalf of the lessees in accordance with section 42 of the Landlord and Tenant Act 1987. These monies are held for the benefit of the lessees and are applied solely toward the costs of managing and maintaining the development. The balance held in trust at the year end is reflected within cash at bank.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation

1,508

1,764

Social security and other taxes

1,748

2,797

Other creditors

36,241

771

Service charges received in advance

72

154,998

Creditors and accruals

44,001

15,030

83,570

175,360

8.

RESERVES

Income

and

expenditure

account

£

At 1 October 2024

775,576

Deficit for the year

(386,356

)

At 30 September 2025

389,220

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA(Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Thompson Wright (Audit) Limited

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.