REGISTERED NUMBER: 01096674 (England and Wales)

Audited Financial Statements

for the Year Ended 24 June 2025

for

Pinehurst Court Management Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

178,929

98,402

Cash at bank

504,021

603,821

682,950

702,223

CREDITORS

Amounts falling due within one year

5

(196,045

)

(49,959

)

NET CURRENT ASSETS

486,905

652,264

TOTAL ASSETS LESS CURRENT LIABILITIES

486,905

652,264

RESERVES

Other reserves

6

5,250

5,250

Income and expenditure account

6

481,655

647,014

486,905

652,264

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

V Garth - Director

1.	STATUTORY INFORMATION

Pinehurst Court Management 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:

01096674

Registered office:

24, High Street

Holme Upon Spalding Moor

York

YO43 4HL

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.

The company is aware that under current best practice the financial statements of resident management companies are most commonly non-trading accounts as under the terms of the lease monies collected as service charges are considered to be trust monies, which do not belong to the company. Under these circumstances the statutory non-trading accounts would be presented alongside service charge accounts which would provide all of the information contained within these financial statements. As there is continuing debate around the format that the statutory accounts should take the Directors have taken the pragmatic approach that these financial statements meet the requirements of both the company and the lessees while acknowledging that the assets are held on trust to meet the obligations laid out in the lease of the property.

Turnover

The turnover represents invoiced service charges, net of discounts given. The service charge is levied for the accounting period to cover the anticipated day to day costs arising and to provide a reserve for planned items of major expenditure. It is recognised on the due date as stipulated in the lease and not by reference to the date of the demand.

Due to the anticipated major works in connection with fire safety, all lessees have been asked to make additional contributions to cover the projected costs.These contributions are spread over several years commencing in this financial year. The total requested is included in turnover. As with the service charge demands, the fire safety demands are recognised on the due date and not by reference to the date of the demand.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme to comply with its obligations under Auto Enrolment provided through the National Employment Savings Trust (NEST). Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24/6/25

24/6/24

£

£

Unpaid Service Charge

135,119

57,654

Other debtors

43,810

40,748

178,929

98,402

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24/6/25

24/6/24

£

£

Service Charge Paid in Advance

51,254

31,223

Taxation and social security

1,207

1,432

Other creditors

143,584

17,304

196,045

49,959

6.

RESERVES

Under Part 5 of the Schedule to each lease granted in the property, the Lessee was required to deposit the sum of £50 and to permit the Company to retain the same during the term of the lease as a reserve towards making good any default by the Lessee in paying any monies due to the Company in respect of all costs, charges and expenses incurred by the Company in performing its duties under the terms of the lease. All such payments will be repayable in full without interest to the Lessee at the end or sooner determination of the term of the lease. Due to the long term nature of this deposit it is disclosed as an "Other Reserve" in the accounts.

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

The Report of the Auditors was unqualified.

Susan Richardson (Senior Statutory Auditor)

for and on behalf of S C Telfer

The audit report was prepared in connection with the audit of the full annual accounts and directors' report. The directors' report has not been filed.

8.	CONTINGENT LIABILITIES

The company recently faced a challenge through Tribunal Services which it actively defended. The matter was concluded on 21st July 26 with the applicant giving consent to withdrawal of the claim. The company is required to pay the applicants fee of £114.There should be no further net loss or gain by the company as a result of this action.

9.	CAPITAL COMMITMENTS

During 2025 the directors committed to the refurbishment of the lift in Block 3. The contract was awarded to Chaney Lifts limited as the preferred bidder. Work commenced on the refurbishment in January 2026.

The ongoing fire safety work was started during the year.The contract price as reported previously remains unchanged. At the date of this report Block 3 has yet to be started while the work on the other Blocks has been substantially completed. Payments have been made from the Fire Safety fund as and when requested. Block 3 will be started once the necessary funding is in place.

It has come to light that the building should have been assessed as a higher risk building which needs a higher level of fire protection than the original assessment of a non higher risk building. The company's advisors are of the opinion that the work that has already been done in Blocks 1 and 2 is sufficient to meet these higher requirements however a detailed report needs to be submitted and approved before this can be confirmed. The work on Block 3 has been delayed as it too has to be approved. Approval is likely to be achieved by January 2027.

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.