Park Gate (Bromley) Management Limited
Registered number: 05504750
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,519 7,519
Current assets
Debtors 4 (2,976) 4,090
Cash at bank and in hand 23,374 27,299
20,398 31,389
Creditors: amounts falling due within one year 5 (156) (3,410)
Net current assets 20,242 27,979
Net assets 27,761 35,498
Capital and reserves
Retained surplus on reserves 27,761 35,498
Members' funds 27,761 35,498
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Smith A Perminova
Director Director
Approved by the board on 29 April 2024
Park Gate (Bromley) Management Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the total contributions requested from the residents of Park Gate designed to cover the common costs attributable to the premises. Service charge funds are ring-fenced within a group account in the name of "AEM Client Account" Numbered 91576520, sort code 60-04-02, held at Natwest Bank Plc, 143 High Street, Bromley, Kent, BR1 1JH. All interest received on these funds is applied for the benefit of the lessees.
Tangible fixed assets
The company acquired the freehold of 71 Plaistow Lane, Bromley BR1 3JF at a cost including fees of £7519.
Taxation
No taxation is payable. The company is a mutual trading company and there were no investments yielding sufficient income to be taxable.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 7,519
At 31 December 2023 7,519
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 7,519
At 31 December 2022 7,519
4 Debtors 2023 2022
£ £
Tenant account (3,734) -
Other debtors 158 -
Prepayments 600 4,090
(2,976) 4,090
5 Creditors: amounts falling due within one year 2023 2022
£ £
General creditors - 3,278
Other creditors 156 132
156 3,410
6 Related party transactions
The company is under the joint control of its members. No one party has overall control of the company.
7 Other information
Park Gate (Bromley) Management Limited is a private company limited by guarantee and incorporated in England on 24 May 1963. Its registered office is:
9 St Marks Road
Bromley
Kent
BR2 9HG
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