20/25 Gloucester Close Management Limited 03042831 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is The principal activity of the company continued to be that of the provision of property management services. Digita Accounts Production Advanced 6.30.9574.0 true 03042831 2023-05-01 2024-04-30 03042831 2024-04-30 03042831 core:RetainedEarningsAccumulatedLosses 2024-04-30 03042831 core:RevaluationReserve 2024-04-30 03042831 core:ShareCapital 2024-04-30 03042831 core:CurrentFinancialInstruments 2024-04-30 03042831 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03042831 core:FurnitureFittingsToolsEquipment 2024-04-30 03042831 bus:SmallEntities 2023-05-01 2024-04-30 03042831 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03042831 bus:FullAccounts 2023-05-01 2024-04-30 03042831 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03042831 bus:RegisteredOffice 2023-05-01 2024-04-30 03042831 bus:CompanySecretary1 2023-05-01 2024-04-30 03042831 bus:Director2 2023-05-01 2024-04-30 03042831 bus:Director3 2023-05-01 2024-04-30 03042831 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03042831 bus:Agent1 2023-05-01 2024-04-30 03042831 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 03042831 core:RevaluationReserve 2023-05-01 2024-04-30 03042831 core:ShareCapital 2023-05-01 2024-04-30 03042831 core:FurnitureFittings 2023-05-01 2024-04-30 03042831 countries:EnglandWales 2023-05-01 2024-04-30 03042831 2023-04-30 03042831 core:RetainedEarningsAccumulatedLosses 2023-04-30 03042831 core:RevaluationReserve 2023-04-30 03042831 core:ShareCapital 2023-04-30 03042831 core:FurnitureFittingsToolsEquipment 2023-04-30 03042831 2022-05-01 2023-04-30 03042831 2023-04-30 03042831 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-04-30 03042831 core:RevaluationReserve core:PreviouslyStatedAmount 2023-04-30 03042831 core:ShareCapital core:PreviouslyStatedAmount 2023-04-30 03042831 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-04-30 03042831 core:CurrentFinancialInstruments core:PreviouslyStatedAmount 2023-04-30 03042831 core:FurnitureFittingsToolsEquipment 2023-04-30 03042831 core:PreviouslyStatedAmount 2023-04-30 03042831 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 03042831 core:RevaluationReserve 2022-05-01 2023-04-30 03042831 core:ShareCapital 2022-05-01 2023-04-30 03042831 core:PreviouslyStatedAmount 2022-05-01 2023-04-30 03042831 2022-04-30 03042831 core:RetainedEarningsAccumulatedLosses 2022-04-30 03042831 core:RevaluationReserve 2022-04-30 03042831 core:ShareCapital 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 03042831

20/25 Gloucester Close Management Limited

Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2024

image-name

Chartered Accountants

 

20/25 Gloucester Close Management Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

20/25 Gloucester Close Management Limited

Company Information

Directors

Mrs M R Barrow

R Adams

Company secretary

Coco Property Group Limited

Registered office

18a High West Street
Dorchester
Dorset
DT1 1UW

Accountants

Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

20/25 Gloucester Close Management Limited

Directors' Report
for the Year Ended 30 April 2024

The directors present their report and the financial statements for the year ended 30 April 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs M R Barrow

R Adams

Principal activity

The principal activity of the company continued to be that of the provision of property management services. The company owns the freehold reversion of 20-25 Gloucester Close, Weymouth, Dorset DT4 9TN.

Small companies provision statement

This report has 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.

Approved by the Board on 24 January 2025 and signed on its behalf by:




Coco Property Group Limited
Company secretary

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
20/25 Gloucester Close Management Limited
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 20/25 Gloucester Close Management Limited for the year ended 30 April 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of 20/25 Gloucester Close Management Limited, as a body, in accordance with the terms of our engagement letter dated 5 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of 20/25 Gloucester Close Management Limited and state those matters that we have agreed to state to the Board of Directors of 20/25 Gloucester Close Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 20/25 Gloucester Close Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 20/25 Gloucester Close Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 20/25 Gloucester Close Management Limited. You consider that 20/25 Gloucester Close Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 20/25 Gloucester Close Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

24 January 2025

 

20/25 Gloucester Close Management Limited

Profit and Loss Account
for the Year Ended 30 April 2024

2024
  £

2023
  £

Turnover

3,600

3,600

Administrative expenses

(2,770)

(2,705)

Operating profit

830

895

Profit before tax

830

895

Taxation

-

-

Profit for the financial year

830

895

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

20/25 Gloucester Close Management Limited

(Registration number: 03042831)
Balance Sheet as at 30 April 2024

Note

2024
 

2023
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

450

 

450

Current assets

   

 

Debtors

5

2,852

 

2,301

 

Cash at bank and in hand

 

6,311

 

5,878

 

 

9,163

 

8,179

 

Creditors: Amounts falling due within one year

6

(1,642)

 

(1,488)

 

Net current assets

   

7,521

 

6,691

Net assets

   

7,971

 

7,141

Capital and reserves

   

 

Called up share capital

6

 

6

 

Reserve fund

7,965

 

7,135

 

Profit and loss account

-

 

-

 

   

7,971

 

7,141

For the financial year ending 30 April 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.

Approved and authorised by the Board on 24 January 2025 and signed on its behalf by:
 

R Adams
Director

   
     
 

20/25 Gloucester Close Management Limited

Statement of Changes in Equity
for the Year Ended 30 April 2024

Share capital
£

Reserve fund
£

Profit and Loss account
£

Total
£

At 1 May 2023

6

7,135

-

7,141

Profit for the year

-

-

830

830

Transfers

-

830

(830)

-

At 30 April 2024

6

7,965

-

7,971

Share capital
£

Reserve fund
£

Profit and loss account
£

Total
£

At 1 May 2022

6

6,240

-

6,246

Profit for the year

-

-

895

895

Transfers

-

895

(895)

-

At 30 April 2023

6

7,135

-

7,141

 

20/25 Gloucester Close Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18a High West Street
Dorchester
Dorset
DT1 1UW
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

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

Freehold property

No depreciation is provided in respect of the freehold land as its residual value will be at least equal to its cost.

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.

 

20/25 Gloucester Close Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors on the board during the year was 2 (2023 - 2).

4

Tangible assets

Freehold property
 £

Total
£

Cost

At 1 May 2023

450

450

At 30 April 2024

450

450

Carrying amount

At 30 April 2024

450

450

At 30 April 2023

450

450

5

Debtors

2024
£

2023
£

Amounts due from lessees

1,413

1,101

Other debtors and Prepayments

1,439

1,200

2,852

2,301

6

Creditors

2024
£

2023
£

Due within one year

Amounts received in advance from lessees

2

2

Accruals and other creditors

1,640

1,486

1,642

1,488