Park Gate (Bromley) Management Limited
Registered number: 05504750
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 7,519 7,519
Current assets
Debtors 4 3,759 3,409
Cash at bank and in hand 19,557 16,661
23,316 20,070
Creditors: amounts falling due within one year 5 (1,619) (382)
Net current assets 21,697 19,688
Net assets 29,216 27,207
Capital and reserves
Retained surplus on reserves 29,216 27,207
Members' funds 29,216 27,207
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.
M Smith
Director
Approved by the board on 7 September 2022
Park Gate (Bromley) Management Limited
Notes to the Accounts
for the year ended 31 December 2021
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.
Turnover
Turnover represents the total contributions requested from the residents of Park Gate designed to cover the common costs attributable to the premises.
Tangible fixed assets
The company acquired the freehold of 71 Plaistow Lane, Bromley BR1 3JF at a cost including fees of £7519.
Taxation
No taxation is payable. The company is a mutual trading company and there were no investments yielding sufficient income to be taxable.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2021 7,519
At 31 December 2021 7,519
Depreciation
At 31 December 2021 -
Net book value
At 31 December 2021 7,519
At 31 December 2020 7,519
4 Debtors 2021 2020
£ £
Tenant account 123 157
Prepayments 3,636 3,252
3,759 3,409
5 Creditors: amounts falling due within one year 2021 2020
£ £
General creditors 1,511 298
Other creditors 108 84
1,619 382
6 Related party transactions
The company is under the joint control of its members. No one party has overall control of the company.
7 Other information
Park Gate (Bromley) Management Limited is a private company limited by guarantee and incorporated in England on 24 May 1963. Its registered office is:
9 St Marks Road
Bromley
Kent
BR2 9HG
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