Silverfin false 31/03/2023 01/04/2022 31/03/2023 W R Brown J C Retallack P K Stacey 27 September 2023 The principal activity of the Company during the financial year was that of property management. 05783272 2023-03-31 05783272 core:CurrentFinancialInstruments 2023-03-31 05783272 core:CurrentFinancialInstruments 2022-03-31 05783272 2022-03-31 05783272 core:RetainedEarningsAccumulatedLosses 2023-03-31 05783272 core:RetainedEarningsAccumulatedLosses 2022-03-31 05783272 2022-04-01 2023-03-31 05783272 bus:FullAccounts 2022-04-01 2023-03-31 05783272 bus:SmallEntities 2022-04-01 2023-03-31 05783272 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05783272 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 05783272 bus:Director1 2022-04-01 2023-03-31 05783272 bus:Director2 2022-04-01 2023-03-31 05783272 bus:Director3 2022-04-01 2023-03-31 05783272 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Company No: 05783272 (England and Wales)

THE MANAGEMENT COMPANY 39 GYLLYNG STREET LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

THE MANAGEMENT COMPANY 39 GYLLYNG STREET LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

THE MANAGEMENT COMPANY 39 GYLLYNG STREET LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
THE MANAGEMENT COMPANY 39 GYLLYNG STREET LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Current assets
Debtors 3 283 268
Cash at bank and in hand 4 681 1,584
964 1,852
Creditors: amounts falling due within one year 5 ( 2,040) ( 1,923)
Net current liabilities (1,076) (71)
Total assets less current liabilities (1,076) (71)
Net liabilities ( 1,076) ( 71)
Reserves
Profit and loss account ( 1,076 ) ( 71 )
Total reserves ( 1,076) ( 71)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Management Company 39 Gyllyng Street Limited (registered number: 05783272) were approved and authorised for issue by the Director on 27 September 2023. They were signed on its behalf by:

W R Brown
Director
THE MANAGEMENT COMPANY 39 GYLLYNG STREET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
THE MANAGEMENT COMPANY 39 GYLLYNG STREET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Management Company 39 Gyllyng Street Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Porto Roxa, 4 Bothwicks Road, Newquay, TR7 1DY, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2023 2022
£ £
Other debtors 283 268

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 681 1,584

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 2,040 1,923

6. Liability of members

The members of the The Management Company 39 Gyllyng Street Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.