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Registration number: 02901947

Gordon Court Management Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 5 April 2018

 

Gordon Court Management Company Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 3

 

Gordon Court Management Company Limited

(Registration number: 02901947)
Balance Sheet as at 5 April 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

4

100

100

Current assets

 

Debtors

5

410

380

Cash at bank and in hand

 

2,429

4,045

 

2,839

4,425

Creditors: Amounts falling due within one year

6

(495)

(478)

Net current assets

 

2,344

3,947

Net assets

 

2,444

4,047

Capital and reserves

 

Called up share capital

6

6

Profit and loss account

2,438

4,041

Total equity

 

2,444

4,047

For the financial year ending 5 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 November 2018 and signed on its behalf by:
 

.........................................

Mr M W Rosier

Director

 

Gordon Court Management Company Limited

Notes to the Financial Statements for the Year Ended 5 April 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 High Street
Thatcham
Berkshire
RG19 3JG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Not provided

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.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Gordon Court Management Company Limited

Notes to the Financial Statements for the Year Ended 5 April 2018

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2017 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 6 April 2017

100

100

At 5 April 2018

100

100

Depreciation

Carrying amount

At 5 April 2018

100

100

At 5 April 2017

100

100

Included within the net book value of land and buildings above is £100 (2017 - £100) in respect of freehold land and buildings.
 

5

Debtors

2018
£

2017
£

Other debtors

410

380

410

380

6

Creditors

Creditors: amounts falling due within one year

2018
£

2017
£

Due within one year

Trade creditors

495

478