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REGISTERED NUMBER: 02853113 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Cumberland Park Gardens Management
Limited

Cumberland Park Gardens Management
Limited (Registered number: 02853113)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Cumberland Park Gardens Management
Limited

COMPANY INFORMATION
for the year ended 31 December 2023







Directors: J M E McEvoy
J Sperring
A Ferries
Mrs M A Sperring





Secretary: A Ferries





Registered office: 22a Madden Road
Plymouth
Devon
PL1 4NE





Registered number: 02853113 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Cumberland Park Gardens Management
Limited (Registered number: 02853113)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,922 12,787

Current assets
Debtors 5 21,222 16,836
Cash at bank and in hand 93,264 110,517
114,486 127,353
Creditors
Amounts falling due within one year 6 2,250 8,355
Net current assets 112,236 118,998
Total assets less current liabilities 121,158 131,785

Capital and reserves
Called up share capital 7 114 114
Retained earnings 121,044 131,671
Shareholders' funds 121,158 131,785

Cumberland Park Gardens Management
Limited (Registered number: 02853113)

BALANCE SHEET - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





J Sperring - Director


Cumberland Park Gardens Management
Limited (Registered number: 02853113)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Cumberland Park Gardens Management Limited is a private company, limited by shares,registered in England and Wales. The company's registered number and registered office address can be found on the company information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents service charges due from tenants as adjusted for amounts in advance or arrears at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 25 years
Equipment - 25% on reducing balance

Taxation
This represents the charge to corporation tax on interest received on bank deposits and rents received for the supply of garages to residents.

As the company's activities are those of mutual trading there is no liability to corporation tax on other income.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Cumberland Park Gardens Management
Limited (Registered number: 02853113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 11,856 19,240 31,096
Depreciation
At 1 January 2023 8,695 9,614 18,309
Charge for year 488 3,377 3,865
At 31 December 2023 9,183 12,991 22,174
Net book value
At 31 December 2023 2,673 6,249 8,922
At 31 December 2022 3,161 9,626 12,787

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,852 14,184
Other debtors 3,370 2,652
21,222 16,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 5,960
Other creditors 2,250 2,395
2,250 8,355

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
114 Ordinary £1 114 114

Cumberland Park Gardens Management
Limited (Registered number: 02853113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. RELATED PARTY DISCLOSURES

During the year the following transactions were undertaken with directors at arms length.

J McEvoy £14,840 Maintenance
M Sperring £2,185 Maintenance
J Sperring £4,838 Maintenance

J McEvoy £1,920 Service charge
J & M Sperring £960 Service charge
A Ferries £960 Service charge