Company registration number:
03163167
DERWENT CLOSE MANAGEMENT LIMITED
Unaudited filleted financial statements
24 March 2026
DERWENT CLOSE MANAGEMENT LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
DERWENT CLOSE MANAGEMENT LIMITED
Directors and other information
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Directors |
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D P Fairhead |
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Secretary |
LMS Sheridans |
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Company number |
03163167 |
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Registered office |
8 Manor Courtyard |
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Hughenden Avenue |
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High Wycombe |
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Bucks |
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HP13 5RE |
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Business address |
8 Manor Courtyard |
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Hughenden Avenue |
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High Wycombe |
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Bucks |
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HP13 5RE |
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Accountants |
Couch Bright King & Co |
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2 Tolherst Court |
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Turkey Mill Business Park, Ashford Road |
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Maidstone |
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Kent |
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ME14 5SF |
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DERWENT CLOSE MANAGEMENT LIMITED
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of DERWENT CLOSE MANAGEMENT LIMITED
Year ended 24 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DERWENT CLOSE MANAGEMENT LIMITED for the year ended 24 March 2026 which comprise the statement of financial position and related notes 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 http://www.icaew.com /en/members/regulations-standards-and-guidance/.
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Couch Bright King & Co
Chartered Accountants
2 Tolherst Court
Turkey Mill Business Park, Ashford Road
Maidstone
Kent
ME14 5SF
25 September 2026
DERWENT CLOSE MANAGEMENT LIMITED
Statement of financial position
24 March 2026
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2026 |
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2025 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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4 |
17,151 |
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17,151 |
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_______ |
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_______ |
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17,151 |
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17,151 |
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Current assets |
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Debtors |
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5 |
13,482 |
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14,785 |
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Cash at bank and in hand |
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15,632 |
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12,622 |
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_______ |
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_______ |
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29,114 |
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27,407 |
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Creditors: amounts falling due |
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within one year |
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6 |
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4,617) |
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(
4,322) |
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_______ |
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Net current assets |
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24,497 |
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23,085 |
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_______ |
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Total assets less current liabilities |
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41,648 |
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40,236 |
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Creditors: amounts falling due |
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after more than one year |
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7 |
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(
9,218) |
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(
9,218) |
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_______ |
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Net assets |
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32,430 |
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31,018 |
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_______ |
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Capital and reserves |
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Called up share capital |
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26 |
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26 |
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Profit and loss account |
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32,404 |
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30,992 |
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_______ |
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Shareholders funds |
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32,430 |
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31,018 |
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_______ |
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For the year ending 24 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 September 2026
, and are signed on behalf of the board by:
D P Fairhead
Director
Company registration number:
03163167
DERWENT CLOSE MANAGEMENT LIMITED
Notes to the financial statements
Year ended 24 March 2026
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 8 Manor Courtyard, Hughenden Avenue, High Wycombe, Bucks, HP13 5RE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
The ground rents receivable under the standard lease are payable on 25th March in each year.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible assets
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Freehold property |
Total |
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£ |
£ |
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Cost |
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At 25 March 2025 and 24 March 2026 |
17,151 |
17,151 |
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Depreciation |
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At 25 March 2025 and 24 March 2026 |
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- |
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Carrying amount |
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At 24 March 2026 |
17,151 |
17,151 |
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_______ |
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At 24 March 2025 |
17,151 |
17,151 |
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_______ |
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5.
Debtors
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2026 |
2025 |
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£ |
£ |
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Other debtors |
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13,482 |
14,785 |
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_______ |
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6.
Creditors: amounts falling due within one year
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2026 |
2025 |
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£ |
£ |
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Corporation tax |
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331 |
343 |
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Other creditors |
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4,286 |
3,979 |
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_______ |
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4,617 |
4,322 |
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_______ |
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7.
Creditors: amounts falling due after more than one year
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2026 |
2025 |
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£ |
£ |
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Other creditors |
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9,218 |
9,218 |
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_______ |
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The interest in the Freehold was purchased with the assistance of loans from participating tenants of Derwent Close. These loans are repayable out of ground rent surpluses in proportion to participation.
8.
Related party transactions
The Directors pay ground rents on the same basis as other property owners. There is no controlling party.
9.
Controlling party
There is no controlling party