| Southwater Management Company Limited |
| Registered number: |
02270249 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 March 2025. |
|
| Principal activities |
The company's principal activity during the year continued to be that of the management and administration of the property consisting of;
Flats 1-16
Southwater House
30 Marine Parade West
Lee-on-the-Solent
Hampshire
PO13 9LW |
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| Directors |
| The following persons served as directors during the year: |
|
|
Mr C J Beaton |
|
Mr R I C Glen |
|
Mr R A Okill |
|
Mr C Barnes |
|
Mr D J Scott |
|
Ms C A Howard (appointed 12 January 2025) |
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| Third party indemnity provisions |
| Directors' insurance is purchased on behalf of the directors. |
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| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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| This report was approved by the board on 24 April 2025 and signed on its behalf. |
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|
| Mr R A Okill |
| Director |
|
| Southwater Management Company Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Southwater Management Company Limited for the year ended 31 March 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southwater Management Company Limited for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance |
| Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF. |
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| Cochrane & Co Accountants Limited |
| Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 12 May 2025 |
|
| Southwater Management Company Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Depreciation |
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Due to the life of the building being in excess of fifty years, no depreciation has been provided. Impairment reviews are carried out periodically. |
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Members' fund |
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The members' fund represents funds introduced to purchase the freehold. |
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|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
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| 3 |
Tangible fixed assets |
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Land and buildings |
| £ |
|
Cost |
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At 1 April 2024 |
41,500 |
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At 31 March 2025 |
41,500 |
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Depreciation |
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At 31 March 2025 |
- |
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Net book value |
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At 31 March 2025 |
41,500 |
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At 31 March 2024 |
41,500 |
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| 4 |
Controlling party |
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The company is controlled by the residents by virtue of their shareholdings. |
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| 5 |
Other information |
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Southwater Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
16 Southwater |
|
30 Marine Parade West |
|
Lee-on-the-Solent |
|
PO13 9LW |