The Gables Management Company (Shaw) Limited 04641517 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the ownership and management of the Gables, Kershaw street, for use as a club - house, including the management of clubs using the club house. Digita Accounts Production Advanced 6.30.9574.0 true true 04641517 2023-02-01 2024-01-31 04641517 2024-01-31 04641517 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 04641517 core:FurnitureFittingsToolsEquipment 2024-01-31 04641517 core:LandBuildings 2024-01-31 04641517 bus:SmallEntities 2023-02-01 2024-01-31 04641517 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04641517 bus:FullAccounts 2023-02-01 2024-01-31 04641517 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04641517 bus:RegisteredOffice 2023-02-01 2024-01-31 04641517 bus:Director5 2023-02-01 2024-01-31 04641517 bus:CompanyLimitedByGuarantee 2023-02-01 2024-01-31 04641517 core:FurnitureFittings 2023-02-01 2024-01-31 04641517 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 04641517 core:LandBuildings 2023-02-01 2024-01-31 04641517 countries:EnglandWales 2023-02-01 2024-01-31 04641517 2023-01-31 04641517 core:FurnitureFittingsToolsEquipment 2023-01-31 04641517 core:LandBuildings 2023-01-31 04641517 2022-02-01 2023-01-31 04641517 2023-01-31 04641517 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 04641517 core:FurnitureFittingsToolsEquipment 2023-01-31 04641517 core:LandBuildings 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 04641517

The Gables Management Company (Shaw) Limited

(A company limited by guarantee)

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

The Gables Management Company (Shaw) Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

The Gables Management Company (Shaw) Limited

(Registration number: 04641517)
Statement of Financial Position as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

133,778

133,674

Current assets

 

Stocks

5

2,720

2,500

Debtors

6

2,757

2,942

Cash at bank and in hand

 

46,508

67,054

 

51,985

72,496

Creditors: Amounts falling due within one year

7

(2,613)

(5,084)

Net current assets

 

49,372

67,412

Net assets

 

183,150

201,086

Capital and reserves

 

Profit and loss account

183,150

201,086

Total equity

 

183,150

201,086

 

The Gables Management Company (Shaw) Limited

(Registration number: 04641517)
Statement of Financial Position as at 31 January 2024

For the financial year ending 31 January 2024 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mr L P Gwyther
Director

   
     
 

The Gables Management Company (Shaw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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:
The Gables
Kershaw Street
Shaw
OL2 7AR

These financial statements were authorised for issue by the Board on 31 July 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Gables Management Company (Shaw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

The Gables Management Company (Shaw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

130,000

24,034

154,034

Additions

-

1,790

1,790

At 31 January 2024

130,000

25,824

155,824

Depreciation

At 1 February 2023

-

20,360

20,360

Charge for the year

-

1,686

1,686

At 31 January 2024

-

22,046

22,046

Carrying amount

At 31 January 2024

130,000

3,778

133,778

At 31 January 2023

130,000

3,674

133,674

5

Stocks

2024
£

2023
£

Other inventories

2,720

2,500

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,064

2,302

Prepayments

693

640

 

2,757

2,942

 

The Gables Management Company (Shaw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

311

808

Taxation and social security

170

494

Accruals and deferred income

2,432

3,282

Other creditors

(300)

500

2,613

5,084