Gloucester Close Limited 03188351 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is The principal activity of the company continued to be that of the provision of property management services. The company owns the freehold reversion of the properties known as 14-19 Gloucester Close, Weymouth, Dorset subject to 999 year leases on 6 leasehold properties. Digita Accounts Production Advanced 6.30.9574.0 true 03188351 2022-05-01 2023-04-30 03188351 2023-04-30 03188351 bus:Director10 2023-04-30 03188351 bus:Director8 2023-04-30 03188351 core:RetainedEarningsAccumulatedLosses 2023-04-30 03188351 core:RevaluationReserve 2023-04-30 03188351 core:ShareCapital 2023-04-30 03188351 core:CurrentFinancialInstruments 2023-04-30 03188351 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 03188351 core:LandBuildings 2023-04-30 03188351 bus:SmallEntities 2022-05-01 2023-04-30 03188351 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03188351 bus:FullAccounts 2022-05-01 2023-04-30 03188351 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 03188351 bus:RegisteredOffice 2022-05-01 2023-04-30 03188351 bus:CompanySecretary1 2022-05-01 2023-04-30 03188351 bus:Director10 2022-05-01 2023-04-30 03188351 bus:Director7 2022-05-01 2023-04-30 03188351 bus:Director8 2022-05-01 2023-04-30 03188351 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03188351 bus:Agent1 2022-05-01 2023-04-30 03188351 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 03188351 core:RevaluationReserve 2022-05-01 2023-04-30 03188351 core:ShareCapital 2022-05-01 2023-04-30 03188351 core:LandBuildings 2022-05-01 2023-04-30 03188351 countries:EnglandWales 2022-05-01 2023-04-30 03188351 2022-04-30 03188351 core:RetainedEarningsAccumulatedLosses 2022-04-30 03188351 core:RevaluationReserve 2022-04-30 03188351 core:ShareCapital 2022-04-30 03188351 core:LandBuildings 2022-04-30 03188351 2021-05-01 2022-04-30 03188351 2022-04-30 03188351 core:RetainedEarningsAccumulatedLosses 2022-04-30 03188351 core:RevaluationReserve 2022-04-30 03188351 core:ShareCapital 2022-04-30 03188351 core:CurrentFinancialInstruments 2022-04-30 03188351 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 03188351 core:LandBuildings 2022-04-30 03188351 core:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 03188351 core:RevaluationReserve 2021-05-01 2022-04-30 03188351 core:ShareCapital 2021-05-01 2022-04-30 03188351 2021-04-30 03188351 core:RetainedEarningsAccumulatedLosses 2021-04-30 03188351 core:RevaluationReserve 2021-04-30 03188351 core:ShareCapital 2021-04-30 iso4217:GBP xbrli:pure

Registration number: 03188351

Gloucester Close Limited

Annual Report and Unaudited Financial Statements Year Ended 30 April 2023

image-name

Chartered Accountants

 

Gloucester Close Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

Gloucester Close Limited

Company Information

Director

Mrs S M Nicklin

Company secretary

Dickinson Bowden Secretarial Services Limited

Registered office

62 High West Street
Dorchester
Dorset
DT1 1UY

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Gloucester Close Limited

Director's Report
for the Year Ended 30 April 2023

The director presents her report and the financial statements for the year ended 30 April 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs S M Nicklin

Miss J T Walker (ceased 26 January 2023)

Mrs S J Finn (ceased 26 January 2023)

Principal activity

The principal activity of the company continued to be that of the provision of property management services.

The company owns the freehold reversion of the properties known as 14-19 Gloucester Close, Weymouth, Dorset subject to 999 year leases on 6 leasehold properties.

Small companies provision statement

This report has 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.

Approved by the director on 22 April 2024 and signed on its behalf by:




Dickinson Bowden Secretarial Services Limited
Company secretary

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Gloucester Close Limitedfor the Year Ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gloucester Close Limited for the year ended 30 April 2023 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Gloucester Close Limited, as a body, in accordance with the terms of our engagement letter dated 31 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of Gloucester Close Limited and state those matters that we have agreed to state to the Board of Directors of Gloucester Close Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gloucester Close Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gloucester Close Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gloucester Close Limited. You consider that Gloucester Close Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Gloucester Close Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

24 April 2024

 

Gloucester Close Limited

Profit and Loss Account
for the Year Ended 30 April 2023

2023
  £

2022
  £

Turnover

2,880

3,045

Administrative expenses

(2,171)

(2,083)

Operating profit

709

962

Profit before tax

709

962

Taxation

-

-

Profit for the financial year

709

962

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Gloucester Close Limited

(Registration number: 03188351)
Balance Sheet as at 30 April 2023

Note

2023
 

2022
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

893

 

893

Current assets

   

 

Debtors

5

3,211

 

1,087

 

Cash at bank and in hand

 

9,542

 

10,515

 

 

12,753

 

11,602

 

Creditors: Amounts falling due within one year

6

(1,117)

 

(675)

 

Net current assets

   

11,636

 

10,927

Net assets

   

12,529

 

11,820

Capital and reserves

   

 

Called up share capital

6

 

6

 

Depreciation fund

12,523

 

11,814

 

Profit and loss account

-

 

-

 

   

12,529

 

11,820

For the financial year ending 30 April 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 her 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.

Approved and authorised by the director on 22 April 2024
 


Mrs S M Nicklin
Director

   
     
 

Gloucester Close Limited

Statement of Changes in Equity
for the Year Ended 30 April 2023

Share capital
£

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 May 2022

6

11,814

-

11,820

Profit for the year

-

-

709

709

Total comprehensive income

-

-

709

709

Transfers

-

709

(709)

-

At 30 April 2023

6

12,523

-

12,529

Share capital
£

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 May 2021

6

10,852

-

10,858

Profit for the year

-

-

962

962

Total comprehensive income

-

-

962

962

Transfers

-

962

(962)

-

At 30 April 2022

6

11,814

-

11,820

 

Gloucester Close Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
62 High West Street
Dorchester
Dorset
DT1 1UY

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.

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.

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:

Asset class

Depreciation method and rate

Land and Buildings

No depreciation is provided in respect of the freehold land as its residual value will be at least equal to its cost.

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.

 

Gloucester Close Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2023

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year was 1 (2022 - 3).
 

 

Gloucester Close Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost

At 1 May 2022

893

893

At 30 April 2023

893

893

Carrying amount

At 30 April 2023

893

893

At 30 April 2022

893

893

5

Debtors

2023
£

2022
£

Amounts due from lessees

1,920

960

Prepayments

891

127

Other debtors

400

-

 

3,211

1,087

6

Creditors

2023
£

2022
£

Due within one year

Amounts in advance from lessees

45

45

Accruals

1,004

630

Other creditors

68

-

1,117

675