REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
GATLEY COURT MANAGEMENT COMPANY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
GATLEY COURT MANAGEMENT COMPANY LIMITED |
GATLEY COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04315754) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GATLEY COURT MANAGEMENT COMPANY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Lexicon |
10-12 Mount Street |
Manchester |
M2 5NT |
GATLEY COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04315754) |
BALANCE SHEET |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
RESERVES |
Income and expenditure account | ( |
) |
( |
) |
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 surplus or deficit 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. |
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 |
GATLEY COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04315754) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Gatley Court Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Income and expenditure |
Income and expenses are included in the financial statements as they become receivable or due. |
Expenses include VAT were applicable as the company cannot reclaim it. |
Turnover represents amounts receivable from residents for rent and service charges, inclusive of VAT. |
Reserved funds on behalf of tenants |
Any cash balances arising from tenants' service charges or rent are legally held on trust by the company on behalf of the tenants of the property. |
In preparing these financial statements, the monies are recorded as an asset of the company as the company has the ability to deploy service charge funds advanced in its capacity of managing the property on behalf of the tenants. Therefore, the company has day to day control of any such cash balances, and is exposed to the risk and rewards associated with the underlying transactions, despite legal ownership of the balances being with the tenants. |
Going concern |
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company's trading has resulted in a deficit for the year however it has sufficient working capital to pay its debts as they fall due. Taking this into account, the director has prepared the accounts on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
GATLEY COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04315754) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
6. | RELATED PARTY TRANSACTIONS |
Management charges of £1,530 (2022: £1,440) were charged to the company by Roger W Dean & Co Ltd, a related party by acting as secretary of the company. |