REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
For The Year Ended 31 March 2023 |
for |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
For The Year Ended 31 March 2023 |
for |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01749696) |
Contents of the Financial Statements |
For The Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED |
Company Information |
For The Year Ended 31 March 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
T/A Lees-Buckley & Co |
16 Northfields Prospect |
Putney Bridge Road |
London |
SW18 1PE |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01749696) |
Report of the Directors |
For The Year Ended 31 March 2023 |
The directors present their report with the financial statements of the company for the year ended 31 March 2023. |
PRINCIPAL ACTIVITY |
The company's principal activity during the year was the management of 55 Harrington Gardens, London SW7 |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report. |
Other changes in directors holding office are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01749696) |
Income Statement |
For The Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
TURNOVER |
Other operating charges | ( |
) | ( |
) |
(936 | ) | (739 | ) |
Other operating income | 3 |
OPERATING LOSS | ( |
) |
Interest receivable and similar income |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL YEAR |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01749696) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 profit or loss 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 were approved by the Board of Directors and authorised for issue on |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01749696) |
Notes to the Financial Statements |
For The Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Harrington Gardens Management Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Service Charge Balances |
The company is trustee for the service charge of its freehold property and related expenditure is commissioned in its own (company) name. Accordingly, and whilst service charge income and expenditure have been excluded from the Profit and Loss Account, related assets and liabilities are recorded in the Balance Sheet with movement therein shown in notes to the financial statements. |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01749696) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2023 |
3. | OTHER OPERATING INCOME |
During the year the company received contributions from the lessees of 55 Harrington Garden, London SW7 in respect of its administrative expenses and the management of the property . The movement of those funds during the year was as follows; |
31.3.23 | 31.3.22 |
£ | £ | £ |
Contributions Receivable From Lessees: |
Service Charge Demands | 17,279 | 15,762 |
Company Expense Demands | 705 | 684 |
Company Expenses Balance Charged | 55 | 438 |
18,039 | 16,884 |
Expenditure: |
Service Charge Expenditure | 15,540 | 13,324 |
Contribution To Administrative Expenses Of |
Harrington Gardens Management Company Limited | 801 | 739 |
16,341 | 14,063 |
1,698 | 2,821 |
Transfer To Reserve Fund | (1,739 | ) | (2,438 | ) |
Funds Due To Lessees At 31st March 2022 | 3,991 | 3,608 |
Funds Due To Lessees At 31st March 2023 | 3,950 | 3,991 |
Represented By: |
Major Works Demands Balance Carried Forward | 4,046 | 4,046 |
Company Expenses Balance Due | (96 | ) | (55 | ) |
3,950 | 3,991 |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
5. | INVESTMENT PROPERTY |
The company owns the freehold interest of 55 Harrington Gardens, London SW7, subject to long leases granted to the members of the company. |
The freehold property has no historical cost. |
HARRINGTON GARDENS MANAGEMENT |
COMPANY LIMITED (REGISTERED NUMBER: 01749696) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Lessee arrears |
Funds held by managing agents | 11,516 | 12,772 |
Other debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Advance major works demands/ |
company expenses balance due |
(Note 3) | 3,950 | 3,991 |
Other creditors |
Service charge reserve fund |
(Note 9) | 25,277 | 23,538 |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
value: | £ | £ |
Ordinary | £1 | 6 | 6 |
9. | SERVICE CHARGE RESERVE FUND |
31.03.23 | 31.03.22 |
£ | £ |
Balance At 01.04.22 | 23,538 | 21,100 |
Transfer To Reserve In The Year | 1,739 | 2,438 |
Balance At 31.03.23 | 25,277 | 23,538 |