Greenside House Management Company Limited 04234864 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of residents property management. Digita Accounts Production Advanced 6.30.9574.0 true true 04234864 2023-01-01 2023-12-31 04234864 2023-12-31 04234864 core:OtherReservesSubtotal 2023-12-31 04234864 core:RetainedEarningsAccumulatedLosses 2023-12-31 04234864 core:ShareCapital 2023-12-31 04234864 core:CurrentFinancialInstruments 2023-12-31 04234864 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04234864 bus:SmallEntities 2023-01-01 2023-12-31 04234864 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04234864 bus:FullAccounts 2023-01-01 2023-12-31 04234864 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04234864 bus:RegisteredOffice 2023-01-01 2023-12-31 04234864 bus:CompanySecretaryDirector2 2023-01-01 2023-12-31 04234864 bus:Director2 2023-01-01 2023-12-31 04234864 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04234864 countries:EnglandWales 2023-01-01 2023-12-31 04234864 2022-01-01 2022-12-31 04234864 2022-12-31 04234864 core:OtherReservesSubtotal 2022-12-31 04234864 core:RetainedEarningsAccumulatedLosses 2022-12-31 04234864 core:ShareCapital 2022-12-31 04234864 core:CurrentFinancialInstruments 2022-12-31 04234864 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 04234864

Greenside House Management Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Greenside House Management Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Greenside House Management Company Limited

Company Information

Directors

K Sayers

G Phyall

Company secretary

K Sayers

Registered office

Flat 8 Greenside House
14 Royal Esplanade
Westbrook
Margate
Kent
CT9 5QE

Accountants

Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ

 

Greenside House Management Company Limited

(Registration number: 04234864)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

3,238

3,087

Cash at bank and in hand

 

13,612

10,827

 

16,850

13,914

Creditors: Amounts falling due within one year

5

(12,801)

(9,745)

Net assets

 

4,049

4,169

Capital and reserves

 

Called up share capital

10

10

Other reserves

3,269

3,269

Retained earnings

770

890

Shareholders' funds

 

4,049

4,169

For the financial year ending 31 December 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 April 2024 and signed on its behalf by:
 

.........................................
G Phyall
Director

   
     
 

Greenside House Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

Greenside House Management Company Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04234864 and registered office address is as follows:


Flat 8 Greenside House
14 Royal Esplanade
Westbrook
Margate
Kent
CT9 5QE
 

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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.

Going concern

The financial statements have been prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.

 

Greenside House Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Judgements

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements. No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

Revenue recognition

The company's revenue represents the value of service charges charged to appartment owners during the year.

Tangible assets

The Company owns the freehold land at Greenside House, Margate, Kent, but no acquisition costs were incurred by the company.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3

Staff numbers

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

4

Debtors

Current

2023
£

2022
£

Prepayments

3,238

3,087

 

Greenside House Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

6,380

6,169

Other creditors

6,421

3,576

12,801

9,745

6

Reserves

During the year no amount (2022: £Nil) was transferred from the Profit and Loss Account to the Sinking Fund.

7

Related party transactions

Each member of the company, including the directors, own an appartment in Greenside House and contributes proportionately to the company as consideration for communal services. At the year end service charges of £6,421 (2022: £3,576) had been paid in advance, and £Nil (2022: £Nil) was due from the members.