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REGISTERED NUMBER: 04315754 (England and Wales)















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: Ms M A Percival
J R Percival
Ms M Rossiter





SECRETARY: Roger W. Dean & Company Limited





REGISTERED OFFICE: Roger W Dean & Co, 218 Finney Lane
Heald Green
Cheadle
Cheshire
SK8 3QA





REGISTERED NUMBER: 04315754 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
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 4 490 437
Cash at bank 517 2,595
1,007 3,032
CREDITORS
Amounts falling due within one year 5 1,235 686
NET CURRENT (LIABILITIES)/ASSETS (228 ) 2,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

(228

)

2,346

RESERVES
Income and expenditure account (228 ) 2,346
(228 ) 2,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 22 March 2024 and were signed on its behalf by:





Ms M Rossiter - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 3 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 80
Other debtors 490 357
490 437

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,235 686

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.