Garland Court Management Company (Dorchester) Limited 01692915 false 2023-01-01 2023-12-31 2023-12-31 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 Garland Court, Princes Street, Dorchester, Dorset subject to extended leases of 999 years on 5 leasehold properties Digita Accounts Production Advanced 6.30.9574.0 true 01692915 2023-01-01 2023-12-31 01692915 2023-12-31 01692915 core:RetainedEarningsAccumulatedLosses 2023-12-31 01692915 core:RevaluationReserve 2023-12-31 01692915 core:CurrentFinancialInstruments 2023-12-31 01692915 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01692915 core:FurnitureFittingsToolsEquipment 2023-12-31 01692915 bus:SmallEntities 2023-01-01 2023-12-31 01692915 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01692915 bus:FullAccounts 2023-01-01 2023-12-31 01692915 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01692915 bus:RegisteredOffice 2023-01-01 2023-12-31 01692915 bus:CompanySecretary1 2023-01-01 2023-12-31 01692915 bus:Director2 2023-01-01 2023-12-31 01692915 bus:Director3 2023-01-01 2023-12-31 01692915 bus:Director4 2023-01-01 2023-12-31 01692915 bus:Director5 2023-01-01 2023-12-31 01692915 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01692915 bus:Agent1 2023-01-01 2023-12-31 01692915 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01692915 core:RevaluationReserve 2023-01-01 2023-12-31 01692915 core:FurnitureFittings 2023-01-01 2023-12-31 01692915 countries:EnglandWales 2023-01-01 2023-12-31 01692915 2022-12-31 01692915 core:RetainedEarningsAccumulatedLosses 2022-12-31 01692915 core:RevaluationReserve 2022-12-31 01692915 core:FurnitureFittingsToolsEquipment 2022-12-31 01692915 2022-01-01 2022-12-31 01692915 2022-12-31 01692915 core:RetainedEarningsAccumulatedLosses 2022-12-31 01692915 core:RevaluationReserve 2022-12-31 01692915 core:CurrentFinancialInstruments 2022-12-31 01692915 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01692915 core:FurnitureFittingsToolsEquipment 2022-12-31 01692915 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01692915 core:RevaluationReserve 2022-01-01 2022-12-31 01692915 2021-12-31 01692915 core:RetainedEarningsAccumulatedLosses 2021-12-31 01692915 core:RevaluationReserve 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 01692915

Garland Court Management Company (Dorchester) Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

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Chartered Accountants

 

Garland Court Management Company (Dorchester) Limited

Contents

Company Information

1

Directors' 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

 

Garland Court Management Company (Dorchester) Limited

Company Information

Directors

Mrs C E Carr

Miss A J Smith

Miss S L Deacon-Tillard

Miss A R Johnson

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

 

Garland Court Management Company (Dorchester) Limited

Directors' Report
for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

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

Mrs C E Carr

Miss A J Smith

Miss S L Deacon-Tillard

Miss A R Johnson

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 Garland Court, Princes Street, Dorchester, Dorset subject to extended leases of 999 years on 5 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 Board on 30 May 2024 and signed on its behalf by:


Dickinson Bowden Secretarial Services Limited
Company secretary

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Garland Court Management Company (Dorchester) Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Garland Court Management Company (Dorchester) Limited for the year ended 31 December 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 Garland Court Management Company (Dorchester) Limited, as a body, in accordance with the terms of our engagement letter dated 20 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Garland Court Management Company (Dorchester) Limited and state those matters that we have agreed to state to the Board of Directors of Garland Court Management Company (Dorchester) 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 Garland Court Management Company (Dorchester) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Garland Court Management Company (Dorchester) 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 Garland Court Management Company (Dorchester) Limited. You consider that Garland Court Management Company (Dorchester) 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 Garland Court Management Company (Dorchester) 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

2 September 2024

 

Garland Court Management Company (Dorchester) Limited

Profit and Loss Account
for the Year Ended 31 December 2023

2023
  £

2022
  £

Turnover

7,000

6,000

Administrative expenses

(5,334)

(4,407)

Operating profit

1,666

1,593

Profit before tax

1,666

1,593

Taxation

-

-

Profit for the financial year

1,666

1,593

The above results were derived from continuing operations.

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

 

Garland Court Management Company (Dorchester) Limited

(Registration number: 01692915)
Balance Sheet as at 31 December 2023

Note

2023
 

2022
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

1

 

1

Current assets

   

 

Debtors

5

2,620

 

1,754

 

Cash at bank and in hand

 

10,227

 

9,088

 

 

12,847

 

10,842

 

Creditors: Amounts falling due within one year

6

(1,673)

 

(1,334)

 

Net current assets

   

11,174

 

9,508

Net assets

   

11,175

 

9,509

Capital and reserves

   

 

Depreciation fund

11,175

 

9,509

 

Profit and loss account

-

 

-

 

   

11,175

 

9,509

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 for issue by the Board on 30 May 2024 and signed on its behalf by:
 



 

Miss A J Smith

Director

 

Garland Court Management Company (Dorchester) Limited

Statement of Changes in Equity
for the Year Ended 31 December 2023

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 January 2023

9,509

-

9,509

Surplus for the year

-

1,666

1,666

Total comprehensive income

-

1,666

1,666

Transfers

1,666

(1,666)

-

At 31 December 2023

11,175

-

11,175

Depreciation fund
£

Profit and loss account
£

Total
£

At 1 January 2022

7,916

-

7,916

Surplus for the year

-

1,593

1,593

Total comprehensive income

-

1,593

1,593

Transfers

1,593

(1,593)

-

At 31 December 2022

9,509

-

9,509

 

Garland Court Management Company (Dorchester) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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 statement of financial position 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.

The freehold reversion of Palace Court (Dorchester) Management Company Limited was acquired at nil cost, so is not shown on the balance sheet.

Depreciation

Depreciation is provided on a straight line basis so assets are written down to residual values over their expected life. The rates applied are as follows:

 

Garland Court Management Company (Dorchester) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Fire alarm system

20% per annum on 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.

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.

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 4 (2022 - 4).

4

Tangible assets

Fire alarm system
 £

Total
£

Cost

At 1 January 2023

3,873

3,873

At 31 December 2023

3,873

3,873

Depreciation

At 1 January 2023

3,872

3,872

At 31 December 2023

3,872

3,872

Carrying amount

At 31 December 2023

1

1

At 31 December 2022

1

1

5

Debtors

2023
£

2022
£

Amounts due from lessees

2,290

1,490

Prepayments

330

264

2,620

1,754

 

Garland Court Management Company (Dorchester) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

6

Creditors

2023
£

2022
£

Due within one year

Other creditors

913

603

Accruals

391

381

Amounts in advance from lessees

369

350

1,673

1,334