GRANGEWOOD HALL MANAGEMENT COMPANY LIMITED |
Notes to the Accounts |
for the year ended 31 July 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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The company did not trade throughout the current year and the previous year. The company is however responsible for the management of the property known as Grangewood Hall for which it acts as trustee. |
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The monies collected from the property owners is held in trust under the Landlord and Tenant Act, and separate service charge accounts have been prepared. |
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Tangible fixed assets |
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The company acquired the freehold reversion of the property in 2018 at no cost. |
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Debtors |
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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. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
16 |
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16 |
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4 |
Other information |
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GRANGEWOOD HALL MANAGEMENT COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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Richards Sfh Management Ltd |
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147 Wareham Road |
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Corfe Mullen, Wimborne |
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Dorset |
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BH21 3LA |