Registration number:
Greenside House Management Company Limited
for the Year Ended 31 December 2023
Greenside House Management Company Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Greenside House Management Company Limited
Company Information
Directors |
K Sayers G Phyall |
Company secretary |
K Sayers |
Registered office |
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Accountants |
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Greenside House Management Company Limited
(Registration number: 04234864)
Balance Sheet as at 31 December 2023
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Other reserves |
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Retained earnings |
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Shareholders' funds |
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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:
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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
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Greenside House Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
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:
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £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 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)
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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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
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2022 |
Prepayments |
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Greenside House Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Reserves |
During the year no amount (2022: £Nil) was transferred from the Profit and Loss Account to the Sinking Fund.
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.