Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 true 1 January 2024 31 December 2024 31 December 2024 08296427 Mr D T Edwards Welden & Edwards Estate Management Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08296427 2023-12-31 08296427 2024-12-31 08296427 2024-01-01 2024-12-31 08296427 frs-core:CurrentFinancialInstruments 2024-12-31 08296427 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08296427 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 08296427 frs-bus:FullAccounts 2024-01-01 2024-12-31 08296427 frs-bus:SmallEntities 2024-01-01 2024-12-31 08296427 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08296427 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08296427 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 08296427 frs-bus:Director1 2024-01-01 2024-12-31 08296427 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 08296427 frs-countries:EnglandWales 2024-01-01 2024-12-31 08296427 2022-12-31 08296427 2023-12-31 08296427 2023-01-01 2023-12-31 08296427 frs-core:CurrentFinancialInstruments 2023-12-31 08296427 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08296427
Gingko Management Company Limited
Director's Report and
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Income and Expenditure Account 4
Balance Sheet 5
Notes to the Financial Statements 6
Page 1
Company Information
Director Mr D T Edwards
Secretary Welden & Edwards Estate Management Limited
Company Number 08296427
Registered Office 53 Bampton Street
Tiverton
Devon
EX16 6AL
Accountants SMV Associates Ltd
4 Cedar Court
Tiverton Business Park
Tiverton
Devon
EX16 6GT
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 December 2024.
Principal Activity
The company's principal activity continues to be the management of 5 apartments, 1 duplex unit, 9 houses and 3 commercial units at Gingko Court, Tiverton.
Directors
The director who held office during the year were as follows:
Mr D T Edwards
Small Company Rules
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.
On behalf of the board
Mr D T Edwards
Director
5 March 2025
Page 2
Page 3
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Gingko Management Company Limited for the year ended 31 December 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Gingko Management Company Limited which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Gingko Management Company Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gingko Management Company Limited and state those matters that we have agreed to state to the director of Gingko Management Company Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gingko Management Company Limited and its director as a body for our work or for this report.
It is your duty to ensure that Gingko Management Company 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 or loss of Gingko Management Company Limited . You consider that Gingko Management Company 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 Gingko Management Company 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 financial statements.
Signed
5 March 2025
SMV Associates Ltd
4 Cedar Court
Tiverton Business Park
Tiverton
Devon
EX16 6GT
Page 3
Page 4
Income and Expenditure Account
2024 2023
Notes £ £
TURNOVER 7,945 7,945
GROSS SURPLUS 7,945 7,945
Administrative expenses (5,033 ) (4,734 )
OPERATING SURPLUS 2,912 3,211
Other interest receivable and similar income 247 98
SURPLUS FOR THE FINANCIAL YEAR 3,159 3,309
The notes on page 6 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 4,205 6,620
Cash at bank and in hand 22,430 15,898
26,635 22,518
Creditors: Amounts Falling Due Within One Year 5 (4,637 ) (3,679 )
NET CURRENT ASSETS (LIABILITIES) 21,998 18,839
TOTAL ASSETS LESS CURRENT LIABILITIES 21,998 18,839
NET ASSETS 21,998 18,839
Income and Expenditure Account 21,998 18,839
MEMBERS' FUNDS 21,998 18,839
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr D T Edwards
Director
5 March 2025
The notes on page 6 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
Gingko Management Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08296427 . The registered office is 53 Bampton Street, Tiverton, Devon, EX16 6AL.
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. Turnover
Turnover consists of fees and charges received from owners and tenants of the properties.
2.3. Taxation
There is no corporation tax liability as the company's business consists of the management, on a non profit making basis, of a group of buildings for the owners of the buildings.
3. Average Number of Employees
The average number of employees, including directors, during the year was NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,630 5,045
Prepayments and accrued income 1,575 1,575
4,205 6,620
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,709 2,700
Other creditors 1,448 499
Accruals and deferred income 480 480
4,637 3,679
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 6