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Registered number: 08798592
Gibbs Close Management Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08798592
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 340 340
340 340
Creditors: Amounts Falling Due Within One Year 4 (330 ) (330 )
NET CURRENT ASSETS (LIABILITIES) 10 10
TOTAL ASSETS LESS CURRENT LIABILITIES 10 10
NET ASSETS 10 10
CAPITAL AND RESERVES
Called up share capital 5 10 10
SHAREHOLDERS' FUNDS 10 10
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C Merritt
Director
22 October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gibbs Close Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08798592 . The registered office is 24 Church Road, Heywood, Westbury, Wiltshire, BA13 4LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.2.1 Debtors
Short term debtors are measured at transaction price, less any impairment.
2.2.2 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.2.3 Creditors
Short term creditors are measured at the transaction price. 
2.3. Contractual commitments
The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases.  At 31 December 2023 the company had not entered into any non-cancellable contractual commitments (2022: None).
2.4. Income and expenditure
The company has no income or expenditure in its own right.  All transactions in the year related to the maintenance of the common parts in accordance with the lease.  Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 330 330
Other creditors represent the amount due to the Gibbs Close Residents Association in respect of monies held on deposit on behalf of the residents association.
5. Share Capital
2023 2022
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1.00 each 10 10
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