Registered number
02006593
Garlands Management Ltd
Filleted Accounts
24 March 2024
Garlands Management Ltd
Registered number: 02006593
Balance Sheet
as at 24 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 430 4,560
Cash at bank and in hand 72,810 42,911
73,240 47,471
Creditors: amounts falling due within one year 4 (3,410) (308)
Net current assets 69,830 47,163
Net assets 69,830 47,163
Reserves
General reserve 69,830 47,163
69,830 47,163
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 income and expenditure account has not been delivered to the Registrar of Companies.
P Shah
Director
Approved by the board on 29 July 2024
Garlands Management Ltd
Notes to the Accounts
for the year ended 24 March 2024
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 (as applied to small entities by section 1A of the standard).
Income
This represents the service charges receivable from the leaseholders.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Due from leaseholders 430 4,560
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,910 -
Other creditors 1,500 308
3,410 308
5 Contingent liabilities
As the freeholder, The Keepers and Governors of the Possessions, Revenues and Goods of the Free Grammar School of John Lyon insures The Garlands buildings. Copies of the insurance are available annually at the request of the lessees. The school has not recharged the cost of this insurance to the company for some years. It is always possible that at a future date, the company will be called upon to pay the current insurance premium. There is also the possibility, although considered unlikely, that the company will be called upon to pay for past insurance premiums. The directors do not consider it necessary to make a provision for such a possibility.
6 Other information
Garlands Management Ltd is a private company limited by guarantee and incorporated in England. Its registered office is:
6 Uplands
19 Frithwood Avenue
Northwood
HA6 3LY
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