2 Gloucester Road (Management) Limited 08482432 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the management of property and services at 2 Gloucester Road for the benefit of the residents Digita Accounts Production Advanced 6.30.9574.0 true true 08482432 2023-04-01 2024-03-31 08482432 2024-03-31 08482432 core:RetainedEarningsAccumulatedLosses 2024-03-31 08482432 core:CurrentFinancialInstruments 2024-03-31 08482432 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08482432 core:FurnitureFittings 2024-03-31 08482432 core:OfficeEquipment 2024-03-31 08482432 bus:SmallEntities 2023-04-01 2024-03-31 08482432 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08482432 bus:FilletedAccounts 2023-04-01 2024-03-31 08482432 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08482432 bus:RegisteredOffice 2023-04-01 2024-03-31 08482432 bus:CompanySecretary1 2023-04-01 2024-03-31 08482432 bus:Director10 2023-04-01 2024-03-31 08482432 bus:Director11 2023-04-01 2024-03-31 08482432 bus:Director12 2023-04-01 2024-03-31 08482432 bus:Director4 2023-04-01 2024-03-31 08482432 bus:Director5 2023-04-01 2024-03-31 08482432 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 08482432 core:ComputerEquipment 2023-04-01 2024-03-31 08482432 core:FurnitureFittings 2023-04-01 2024-03-31 08482432 core:OfficeEquipment 2023-04-01 2024-03-31 08482432 countries:EnglandWales 2023-04-01 2024-03-31 08482432 2023-03-31 08482432 core:FurnitureFittings 2023-03-31 08482432 core:OfficeEquipment 2023-03-31 08482432 2022-04-01 2023-03-31 08482432 2023-03-31 08482432 core:RetainedEarningsAccumulatedLosses 2023-03-31 08482432 core:CurrentFinancialInstruments 2023-03-31 08482432 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08482432 core:FurnitureFittings 2023-03-31 08482432 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08482432

2 Gloucester Road (Management) Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

2 Gloucester Road (Management) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

2 Gloucester Road (Management) Limited

Company Information

Directors

A.J. Markey

R Young

T Cooling

J Gardner

R Capper

Company secretary

Oak Retirement Limited

Registered office

2 Rainsbrook Close
Southam
Warwickshire
CV47 1GL

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

2 Gloucester Road (Management) Limited

(Registration number: 08482432)
Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,075

2,046

Current assets

 

Debtors

36,247

-

Cash at bank and in hand

 

30,056

40,460

 

66,303

40,460

Creditors: Amounts falling due within one year

5

(22,287)

(14,206)

Net current assets

 

44,016

26,254

Net assets

 

45,091

28,300

Reserves

 

Retained earnings

45,091

28,300

Surplus

 

45,091

28,300

 

2 Gloucester Road (Management) Limited

(Registration number: 08482432)
Balance Sheet
31 March 2024

For the financial year ending 31 March 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 Profit and Loss Account.

Approved and authorised by the Board on 15 November 2024 and signed on its behalf by:
 



T Cooling
Director

 

2 Gloucester Road (Management) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 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 £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
2 Rainsbrook Close
Southam
Warwickshire
CV47 1GL

These financial statements were authorised for issue by the Board on 15 November 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 provision of services in the ordinary course of the company’s activities. 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 company's income derives from "mutual trading" with the members and is therefore exempt from Corporation Tax.

 

2 Gloucester Road (Management) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet 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

25% per annum straight line

Office Equipment

33% per annum straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

2 Gloucester Road (Management) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2023 - 25).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

4,103

1,935

6,038

Additions

690

-

690

At 31 March 2024

4,793

1,935

6,728

Depreciation

At 1 April 2023

2,930

1,062

3,992

Charge for the year

1,022

639

1,661

At 31 March 2024

3,952

1,701

5,653

Carrying amount

At 31 March 2024

841

234

1,075

At 31 March 2023

1,173

873

2,046

 

2 Gloucester Road (Management) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,824

8,091

Accruals and deferred income

11,243

4,248

Other creditors

2,220

1,867

22,287

14,206