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REGISTERED NUMBER: 09322644 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

Kernow Gate (Plymouth) Management
Company Limited

Kernow Gate (Plymouth) Management
Company Limited (Registered number: 09322644)






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 to 4


Kernow Gate (Plymouth) Management
Company Limited

COMPANY INFORMATION
for the year ended 30 November 2023







Directors: Dr L J Connolly
Mr J P Clarke
Mr C J Dowsett
Mr V P Augusthy
Miss D M M Turner
Mr Z A Masters
Mr L O L Cook
Mr A P Tucker
Mr A D Williams
Mr I R E Pearson
Mr R H Mann
Mr O S J Farrell
Mr M J Thomas





Secretary: Dr L J Connolly





Registered office: 15 Kernow Gate
Plymouth
Devon
PL5 1FB





Registered number: 09322644 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Kernow Gate (Plymouth) Management
Company Limited (Registered number: 09322644)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £   
Current assets
Debtors 4 - 240
Cash at bank 1,849 1,293
1,849 1,533
Creditors
Amounts falling due within one year 5 801 1,036
Net current assets 1,048 497
Total assets less current liabilities 1,048 497

Capital and reserves
Called up share capital 6 14 14
Retained earnings 1,034 483
Shareholders' funds 1,048 497

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 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 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:




Dr L J Connolly - Director


Kernow Gate (Plymouth) Management
Company Limited (Registered number: 09322644)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Kernow Gate (Plymouth) Management Company Limited is a private company, limited by shares , 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.

Turnover
Turnover represents amounts receivable in respect of management fees for maintenance of communal areas of the property.

Taxation
As the company's activities are those of mutual trading, there is no liability to corporation tax on other income.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 240

Kernow Gate (Plymouth) Management
Company Limited (Registered number: 09322644)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 81 316
Other creditors 720 720
801 1,036

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
14 Ordinary share £1 14 14