Somerville House Management Company Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 02383083

		2026		2025
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	5,744		6,976
Cash at bank and in hand		7,185		3,150

		12,929		10,126
Creditors: Amounts Falling Due Within One Year	5	(826 )		(914 )

NET CURRENT ASSETS (LIABILITIES)			12,103		9,212

TOTAL ASSETS LESS CURRENT LIABILITIES			12,103		9,212

NET ASSETS			12,103		9,212

Income and Expenditure Account			12,103		9,212

MEMBERS' FUNDS			12,103		9,212

For the year ending 31 March 2026 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr D Dixon Director	Mr M Couchman Director
24/09/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Somerville House Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 02383083 . The registered office is Somerville House 28/30 Gordon Road, Cliftonville, Margate, Kent, CT9 2DN.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company’s ability to continue as a going concern.

2.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

2.4. Turnover

Turnover represents the income receivable from service charge income and sinking fund contributions.

2.5. Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.6. Interest Receivable

Interest income is recognised in profit and loss using the effective interest method

2.7. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2025: 9)

4. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	1,500	1,598
Service management fees	3,727	5,378
EDF Debtor	517	-

	5,744	6,976

Page 2

Page 3

Somerville House Management Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	262	379
Accruals	564	535

	826	914

6. 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.

Page 3