Silverfin false 31/03/2023 01/04/2022 31/03/2023 Ms T R Douglas Mr C W Farn Mr I C Jones Mr G J Lavis Mrs C M Postle-Hacon 12 November 2023 no description of principal activity 06172770 2023-03-31 06172770 core:CurrentFinancialInstruments 2023-03-31 06172770 core:CurrentFinancialInstruments 2022-03-31 06172770 2022-03-31 06172770 core:ShareCapital 2023-03-31 06172770 core:ShareCapital 2022-03-31 06172770 core:OtherCapitalReserve 2023-03-31 06172770 core:OtherCapitalReserve 2022-03-31 06172770 core:RetainedEarningsAccumulatedLosses 2023-03-31 06172770 core:RetainedEarningsAccumulatedLosses 2022-03-31 06172770 bus:OrdinaryShareClass1 2023-03-31 06172770 2022-04-01 2023-03-31 06172770 bus:FullAccounts 2022-04-01 2023-03-31 06172770 bus:SmallEntities 2022-04-01 2023-03-31 06172770 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06172770 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06172770 bus:Director1 2022-04-01 2023-03-31 06172770 bus:Director2 2022-04-01 2023-03-31 06172770 bus:Director3 2022-04-01 2023-03-31 06172770 bus:Director4 2022-04-01 2023-03-31 06172770 bus:Director5 2022-04-01 2023-03-31 06172770 2021-04-01 2022-03-31 06172770 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06172770 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06172770 (England and Wales)

GRANTLEY GARDENS MANAGEMENT COMPANY LIMITED

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

GRANTLEY GARDENS MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

GRANTLEY GARDENS MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
GRANTLEY GARDENS MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Current assets
Debtors 3 15,855 91,010
Cash at bank and in hand 4 187,388 216,644
203,243 307,654
Creditors: amounts falling due within one year 5 ( 13,069) ( 11,161)
Net current assets 190,174 296,493
Total assets less current liabilities 190,174 296,493
Net assets 190,174 296,493
Capital and reserves
Called-up share capital 6 24 24
Other reserves 184,350 295,000
Profit and loss account 5,800 1,469
Total shareholders' funds 190,174 296,493

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 Grantley Gardens Management Company Limited (registered number: 06172770) were approved and authorised for issue by the Director on 12 November 2023. They were signed on its behalf by:

Mrs C M Postle-Hacon
Director
GRANTLEY GARDENS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
GRANTLEY GARDENS MANAGEMENT COMPANY 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

Grantley Gardens Management Company Limited (the Company) is a private company, limited by shares, 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 C/O BISHOP FLEMING, Chy Nyverow Newham Road, Truro, TR1 2DP, 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, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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 Comprehensive Income 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Debtors

2023 2022
£ £
Trade debtors 13,256 87,954
Other debtors 2,599 3,056
15,855 91,010

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 187,388 216,644

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,183 3,252
Other creditors 10,886 7,909
13,069 11,161

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
24 Ordinary shares of £ 1.00 each 24 24