Golden Bay Mansions Limited
Balance Sheet
As at 30 April 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Debtors 4 2,907 3,770
Cash at bank and in hand 951 5,177
3,858 8,947
Creditors: amounts falling due within one year 5 (606) (4,147)
Net current assets 3,252 4,800
Net assets 3,253 4,801
Capital and reserves
Called up share capital 60 60
Profit and loss account 3,193 4,741
Shareholders' funds 3,253 4,801
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J P Holwill
Director
Approved by the board on 18 July 2022
Golden Bay Mansions Limited
Notes to the Accounts
For the Year Ended 30 April 2022
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover represents the ground rents and management fees received from the leaseholders of the Golden Bay Mansion apartments.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2021 1
At 30 April 2022 1
Depreciation
At 30 April 2022 -
Net book value
At 30 April 2022 1
At 30 April 2021 1
4 Debtors 2022 2021
£ £
Other debtors 2,907 3,770
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 606 4,147
6 Controlling party
The issued shares of the Company are owned by the leaseholders of the apartments managed by Golden Bay Mansions Limited
7 Transactions with directors
The Company is controlled by the directors who are each leaseholders at the managed property. The directors each derive a benefit from the services provided by the company but contribute to the cost of providing these services on the same basis as the other leaseholders.
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