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GUTHRUM CLOSE MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






GUTHRUM CLOSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01806419)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GUTHRUM CLOSE MANAGEMENT COMPANY LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G Paszkowski
Miss L Williams
Miss S Barrett
S Sullivan





REGISTERED OFFICE: 88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE





REGISTERED NUMBER: 01806419 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

GUTHRUM CLOSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01806419)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 10 10

CURRENT ASSETS
Cash at bank 5 5
TOTAL ASSETS LESS CURRENT
LIABILITIES

15

15

CAPITAL AND RESERVES
Called up share capital 6 15 15
SHAREHOLDERS' FUNDS 15 15

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 26 June 2023 and were signed on its behalf by:





Miss L Williams - Director


GUTHRUM CLOSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01806419)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Guthrum Close Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

The directors consider that the freehold interest is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Depreciation
No depreciation is provided on the freehold reversionary interest and in this respect the financial statements do not comply with FRS 102 Section 1A or the Companies Act 2006 which require the building element of this asset to be depreciated. If depreciation had been provided at 2% per annum straight line on the total cost of land and buildings the charge for this year would have amounted to less than £1. In the opinion of the directors this amount is not material.

GUTHRUM CLOSE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01806419)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued

Service charge accounting
The company is responsible for the management of Guthrum Close, Erdington and collects service charges from lessees in order to fund expenditure incurred in the management and maintenance of the estate and buildings. The company acts as a trustee of a statutory trust in accordance with the Landlord and Tenant Act 1987 in respect of service charge monies collected and expenditure incurred. Accordingly these funds are excluded from the company's financial statements as separate Service Charge accounts are prepared and certified.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022
and 31 March 2023 10
NET BOOK VALUE
At 31 March 2023 10
At 31 March 2022 10

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
15 Ordinary £1 15 15

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.