| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2025 |
| FOR |
| PETWORTH MANAGEMENT COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2025 |
| FOR |
| PETWORTH MANAGEMENT COMPANY LIMITED |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PETWORTH MANAGEMENT COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Victoria |
| 25 St Pancras |
| Chichester |
| West Sussex |
| PO19 7LT |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| BALANCE SHEET |
| 31ST DECEMBER 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Sinking Fund |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2025 |
| 1. | STATUTORY INFORMATION |
| Petworth Management Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows. |
| Equipment | 20% on cost |
| Sewerage Plant | 5% on cost |
| Taxation |
| Taxation for the year comprises current year tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| 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. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Freehold | machinery |
| Land | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st January 2025 |
| Additions |
| At 31st December 2025 |
| DEPRECIATION |
| At 1st January 2025 |
| Charge for year |
| At 31st December 2025 |
| NET BOOK VALUE |
| At 31st December 2025 |
| At 31st December 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Other creditors shown above include the amount of £14,850 which is held by the company in respect of the Lodge Green Tennis Court maintenance fund. |
| PETWORTH MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 03397895) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2025 |
| 7. | RESERVES |
Balance at |
Surplus |
Transfer from |
Balance at |
| 31.12.2024 | for Year | Creditors | 31.12.2025 |
| £ | £ | £ | £ |
| Communal Sinking Fund | 232,712 | 20,338 | 0 | 253,050 |
| Sewerage Plant Sinking Fund | 35,000 | 0 | 5,000 | 40,000 |
| Black Pond Acquisition | 144,649 | 0 | 0 | 144,649 |
| Total Reserves | 412,361 | 20,338 | 5,000 | 437,699 |
| The Communal Sinking Fund is a reserve built up through annual contributions to pay for significant | infrastructure costs that may arise in the future. |
| The Sewerage Plant Sinking Fund is a ring fenced reserve that will be built up through annual contributions to | pay for the Sewerage Plant replacement which is anticipated to be necessary in approximately 20 years time. |