Registered number
00762444
Petersgarth (Management) Limited
Unaudited Filleted Accounts
31 December 2023
Petersgarth (Management) Limited
Registered number: 00762444
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 7,428 7,108
Cash at bank and in hand 26,647 25,941
34,075 33,049
Creditors: amounts falling due within one year 4 (10,117) (4,899)
Net current assets 23,958 28,150
Net assets 23,958 28,150
Capital and reserves
Called up share capital 3 3
Profit and loss account 23,955 28,147
Shareholders' funds 23,958 28,150
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.
PJ Brown
Director
Approved by the board on 24 September 2024
Petersgarth (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 (as applied to small entities by section 1A of the standard).
Service charges
This represents the total sum of maintenance, service charges and contingency charges payable by the tenants in contribution to the common costs of the company.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
The company is carrying on a mutual trade and is a not for profit organisation. Any surplus arising from the tenants' contributions is carried forward against future expenses of the property. Consequently any such surplus is not chargeable to corporation tax.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 1,282 1,045
Other debtors 6,146 6,063
7,428 7,108
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,316 2,205
Other creditors 2,801 2,694
10,117 4,899
5 Other information
Petersgarth (Management) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Close House
Giggleswick
Settle
North Yorkshire
BD24 0EA
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