Company Registration No. 06763286 (England and Wales)
Goodman Coventry Management Company Limited
Unaudited accounts
for the year ended 31 December 2023
Goodman Coventry Management Company Limited
Unaudited accounts
Contents
Goodman Coventry Management Company Limited
Company Information
for the year ended 31 December 2023
Directors
J Cornell
C Crossland
J Harris
R Reed
Company Number
06763286 (England and Wales)
Registered Office
Cornwall House, Blythe Gate
Blythe Valley Park
Solihull
West Midlands
B90 8AF
Goodman Coventry Management Company Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
117,466
100,113
Creditors: amounts falling due within one year
(259,897)
(101,136)
Called up share capital
51
51
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
J Cornell
Director
Company Registration No. 06763286
Goodman Coventry Management Company Limited
Notes to the Accounts
for the year ended 31 December 2023
Goodman Coventry Management Company Limited is a private company, limited by shares, registered in England and Wales, registration number 06763286. The registered office is Cornwall House, Blythe Gate , Blythe Valley Park, Solihull, West Midlands, B90 8AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Average number of employees
The company has no employees other than the directors, who did not receive any remuneration (2022 : £Nil)
Amounts falling due within one year
Accrued income and prepayments
555
-
Other debtors
141,927
1,074
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
51,135
3,709
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1
1
50 B Ordinary shares of £1 each
50
50
Goodman Coventry Management Company Limited
Notes to the Accounts
for the year ended 31 December 2023
By virtue of the special voting rights attaching to the A Ordinary share under the Articles of Association, as at the balance sheet date, the company was temporarily controlled by Goodman Logistics Development (UK) Limited.
In accordance with the Articles of Association and the objects of the company, no shareholder can receive any dividend. The holding of the A Ordinary shares is considered to be in a fiduciary capacity on behalf of the parties with an interest in the site throughout the period when the commercial units or land plots are held for sale, and therefore the company is not considered to be a subsidiary company held with a view to profit.
The ultimate controlling party at the balance sheet date was Goodman Limited, a company incorporated in Australia. Copies of the company accounts for Goodman Limited can be obtained from the registered office: The Hayesbery, 1-11 Hayes Road, Rosebery NSW 2018, Australia.
Goodman Logistics Developments (UK) Limited received a management fee of £18,747 (2022: £8,250) and an accounting fee of £2,692 (2022: £2,588) in respect of the management of the site and the maintenance of the accounting records respectively, throughout the year.
On 05/09/24, 18 B Ordinary shares were issued and the 1 A Ordinary share was converted to a B Ordinary share. Following these changes there was no controlling party of the company.
8
Post balance sheet events
On 05/09/24, 18 B Ordinary shares were issued and the 1 A Ordinary share was converted to a B Ordinary share. Following these changes there was no controlling party of the company.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).