Swallowfield Management Company Limited

Notes

1. General Information

Swallowfield Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 13060297 . The registered office is 29 Lee Lane, Horwich, Bolton, BL6 7AY.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

3. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

4. Turnover, cash balances and other assets

Turnover

The Company is responsible for the management of the property at Swallowfield, Chorley New Road, Horwich, BL6 6HN. The Company collects service charges from leaseholders in accordance with the terms of the lease agreement in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees which is imposed under Section 42 of the Landlord and Tenant Act 1987.

During the year the Company incurred expenditure in fulfilling its obligations under the terms of the lease for the property. The total costs incurred are recorded in the Company's income and expenditure account as funds collected from lessees to discharge obligations under the lease. To meet these obligations the Company draws from service charge funds held in trust on behalf of the lessees.

A detailed summary of expenditure incurred in the period is made available to the lessees of the property under the terms of the lease.

Cash balances

Cash at bank does not include unspent amounts of service charge funds held in the Company's bank account. Instead these unspent service charge funds are held in trust by the Company under Section 42 of the Landlord and Tenant Act 1987.

At the year end the amount of funds held in trust were £18,406 (2024: £12,853).

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Swallowfield Management Company Limited

Balance Sheet (continued)

As At 31 December 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Keystone Property Holdings Ltd

Director

14/09/2026

	2025	2024
	£	£

Current assets	20,559	13,799
Prepayments and accrued income	617	894
Creditors: Amounts Falling Due Within One Year	(1,922 )	(452 )

NET CURRENT ASSETS	19,254	14,241

TOTAL ASSETS LESS CURRENT LIABILITIES	19,254	14,241

Accruals and deferred income	(850 )	(391 )

NET ASSETS	18,404	13,850

RESERVES	18,404	13,850