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Registration number: 01447647

Glebe Avenue Management Ltd

(A company limited by guarantee)

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2023

 

Glebe Avenue Management Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Glebe Avenue Management Ltd

Company Information

Director

D Walton

Company secretary

M Spencer

Registered office

39 Glebe Avenue
South Ruislip
Middlesex
HA4 6QZ

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Glebe Avenue Management Ltd

(Registration number: 01447647)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

2,000

2,000

Current assets

 

Debtors

2,301

3,931

Cash at bank and in hand

 

14,022

10,321

 

16,323

14,252

Creditors: Amounts falling due within one year

(16,323)

(3,190)

Net current assets

 

-

11,062

Total assets less current liabilities

 

2,000

13,062

Creditors: Amounts falling due after more than one year

(2,000)

(2,000)

Net assets

 

-

11,062

Reserves

 

Retained earnings

-

11,062

Surplus

 

-

11,062

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 2 February 2024
 

.........................................
D Walton
Director

 

Glebe Avenue Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

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 abridged 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 abridged 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 sale of goods and 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.

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:

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Glebe Avenue Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2022

2,000

2,000

At 30 June 2023

2,000

2,000

Depreciation

Carrying amount

At 30 June 2023

2,000

2,000

At 30 June 2022

2,000

2,000

Included within the net book value of land and buildings above is £2,000 (2022 - £2,000) in respect of freehold land and buildings.