REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2022 |
FOR |
White Gables Management Company Limited |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2022 |
FOR |
White Gables Management Company Limited |
White Gables Management Company Limited (Registered number: 01186611) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 7 |
White Gables Management Company Limited |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
17 Greenhill Street |
Stratford upon Avon |
CV37 6LF |
White Gables Management Company Limited (Registered number: 01186611) |
BALANCE SHEET |
31ST MARCH 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
White Gables Management Company Limited (Registered number: 01186611) |
BALANCE SHEET - continued |
31ST MARCH 2022 |
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 |
White Gables Management Company Limited (Registered number: 01186611) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2022 |
1. | STATUTORY INFORMATION |
White Gables Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value of service charges arising during the year. |
Tangible fixed assets and depreciation |
Tangible fixed assets represent investment properties valued by the Directors by reference to their estimated market value. No depreciation is charged on investment properties. |
Taxation |
White Gables Management Company Limited is a not for profit company and therefore corporation tax is only chargeable on interest receivable and miscellaneous fees. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1st April 2021 |
and 31st March 2022 |
NET BOOK VALUE |
At 31st March 2022 |
At 31st March 2021 |
The directors consider that the estimated open market value of the property is not materially different from its purchase price as at the completion date of 23rd December 2001. |
White Gables Management Company Limited (Registered number: 01186611) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Tax |
Service charges received in advance | - | 1,100 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Loan notes | 125,964 | 125,964 |
The above amount relates to 36 loan notes of £3,499 each which have been issued. The loan notes are non-repayable (except in accordance with number two of the Articles of Association upon a winding up or other distribution of the capital of the company) and are non-interest bearing. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 36 | 36 |
"A" Non-voting shares | £1 | 36 | 36 |
72 | 72 |
White Gables Management Company Limited (Registered number: 01186611) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2022 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1st April 2021 |
Deficit for the year | ( |
) |
At 31st March 2022 |
White Gables Management Company Limited |
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
WHITE GABLES MANAGEMENT COMPANY LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2022 set out on pages three to eight and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Chartered Accountants |
17 Greenhill Street |
Stratford upon Avon |
CV37 6LF |