2 Gloucester Road (Management) Limited 08482432 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the management of property and services at 2 Gloucester Road for the benefit of the residents Digita Accounts Production Advanced 6.30.9574.0 true 08482432 2022-04-01 2023-03-31 08482432 2023-03-31 08482432 core:RetainedEarningsAccumulatedLosses 2023-03-31 08482432 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08482432 core:FurnitureFittings 2023-03-31 08482432 core:OfficeEquipment 2023-03-31 08482432 bus:SmallEntities 2022-04-01 2023-03-31 08482432 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08482432 bus:FullAccounts 2022-04-01 2023-03-31 08482432 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08482432 bus:RegisteredOffice 2022-04-01 2023-03-31 08482432 bus:CompanySecretary1 2022-04-01 2023-03-31 08482432 bus:Director10 2022-04-01 2023-03-31 08482432 bus:Director11 2022-04-01 2023-03-31 08482432 bus:Director4 2022-04-01 2023-03-31 08482432 bus:Director5 2022-04-01 2023-03-31 08482432 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 08482432 core:ComputerEquipment 2022-04-01 2023-03-31 08482432 core:FurnitureFittings 2022-04-01 2023-03-31 08482432 core:OfficeEquipment 2022-04-01 2023-03-31 08482432 countries:EnglandWales 2022-04-01 2023-03-31 08482432 2022-03-31 08482432 core:FurnitureFittings 2022-03-31 08482432 core:OfficeEquipment 2022-03-31 08482432 2021-04-01 2022-03-31 08482432 2022-03-31 08482432 core:RetainedEarningsAccumulatedLosses 2022-03-31 08482432 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 08482432 core:FurnitureFittings 2022-03-31 08482432 core:OfficeEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 08482432

2 Gloucester Road (Management) Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

2 Gloucester Road (Management) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

2 Gloucester Road (Management) Limited

Company Information

Directors

Mr A.J. Markey

Mr R Young

Prof T Cooling

Mr J Gardner

Company secretary

Oak Retirement Limited

Registered office

2 Rainsbrook Close
Southam
Warwickshire
CV47 1GL

Accountants

Burton Sweet
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

2 Gloucester Road (Management) Limited

(Registration number: 08482432)
Balance Sheet
31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,046

2,580

Current assets

 

Cash at bank and in hand

 

40,460

53,420

Creditors: Amounts falling due within one year

5

(14,206)

(10,671)

Net current assets

 

26,254

42,749

Net assets

 

28,300

45,329

Reserves

 

Retained earnings

28,300

45,329

Surplus

 

28,300

45,329

 

2 Gloucester Road (Management) Limited

(Registration number: 08482432)
Balance Sheet
31 March 2023

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 November 2023 and signed on its behalf by:
 

.........................................
Prof T Cooling
Director

 

2 Gloucester Road (Management) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
2 Rainsbrook Close
Southam
Warwickshire
CV47 1GL

These financial statements were authorised for issue by the Board on 15 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The company's income derives from "mutual trading" with the members and is therefore exempt from Corporation Tax.

 

2 Gloucester Road (Management) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% per annum straight line

Office Equipment

33% per annum straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

2 Gloucester Road (Management) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2022 - 25).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

4,151

1,281

5,432

Additions

648

654

1,302

Disposals

(696)

-

(696)

At 31 March 2023

4,103

1,935

6,038

Depreciation

At 1 April 2022

2,429

423

2,852

Charge for the year

849

639

1,488

Eliminated on disposal

(348)

-

(348)

At 31 March 2023

2,930

1,062

3,992

Carrying amount

At 31 March 2023

1,173

873

2,046

At 31 March 2022

1,722

858

2,580

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

8,091

6,724

Other creditors

6,115

3,947

14,206

10,671