Tennyson Gate Management Company Limited |
Notes to the Accounts |
for the year ended 31 May 2023 |
|
|
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). |
|
|
Service charges |
|
The company is responsible for the management of the common parts in accordance with the lease and collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord & Tenant Act 1987. Transactions relating to the management of the property are reported separately to the lessees and are excluded from the the company's financial statement. |
|
|
Change in accounting policy |
|
The company acts as trustee of a statutory trust in respect of service charge monies collected for the maintenance of the common parts in accordance with the lease. The company has changed its accounting policy to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified. The company was dormant throughout the year ended 31 May 2022. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
679 |
|
679 |
|
|
|
|
|
|
|
|
|
|
4 |
Income and intercompany loan |
|
|
During the year 2018, income was received on which tax was due. There is not a separate bank account showing this as the income received was one-off and not expected to be received again. To this end, it is shown by way of intercompany loan due from the service charge accounts. |
|
|
5 |
Other information |
|
|
Tennyson Gate Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Roythornes Limited |
|
Enterprise Way |
|
Pinchbeck, Spalding |
|
Linconshire |
|
PE11 3YR |