Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-302024-03-30false2true2023-04-01Management of real estate on a fee or contract basisfalse2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI646161 2023-04-01 2024-03-30 NI646161 2022-07-01 2023-03-31 NI646161 2024-03-30 NI646161 2023-03-31 NI646161 c:Director1 2023-04-01 2024-03-30 NI646161 d:CurrentFinancialInstruments 2024-03-30 NI646161 d:CurrentFinancialInstruments 2023-03-31 NI646161 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 NI646161 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 NI646161 d:ShareCapital 2024-03-30 NI646161 d:ShareCapital 2023-03-31 NI646161 c:FRS102 2023-04-01 2024-03-30 NI646161 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-30 NI646161 c:FullAccounts 2023-04-01 2024-03-30 NI646161 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 NI646161 e:PoundSterling 2023-04-01 2024-03-30 iso4217:GBP xbrli:pure

Registered number: NI646161










GARDEN SQUARE MANAGEMENT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 MARCH 2024

 
GARDEN SQUARE MANAGEMENT LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GARDEN SQUARE MANAGEMENT LTD
FOR THE YEAR ENDED 30 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Garden Square Management Ltd for the year ended 30 March 2024 which comprise  the Statement of financial position, the Statement of changes in equity and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Garden Square Management Ltd, as a body, in accordance with the terms of our engagement letter dated 9th September 2024Our work has been undertaken solely to prepare for your approval the financial statements of Garden Square Management Ltd and state those matters that we have agreed to state to the Board of directors of Garden Square Management Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Garden Square Management Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Garden Square Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Garden Square Management Ltd. You consider that Garden Square Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Garden Square Management Ltd. 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 financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
13 March 2025
Page 1

 
GARDEN SQUARE MANAGEMENT LTD
REGISTERED NUMBER: NI646161

STATEMENT OF FINANCIAL POSITION
AS AT 30 MARCH 2024

30 March
31 March
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
33,269
22,241

Cash at bank and in hand
  
5,962
9,278

  
39,231
31,519

Creditors: amounts falling due within one year
  
(39,131)
(31,419)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 March 2025.




G M Martin
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GARDEN SQUARE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
GARDEN SQUARE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

1.Accounting policies (continued)

 
1.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.5

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.

 
1.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

The Company is a private company, limited by shares and registered in Northen Ireland.
Its registered number is: NI646161
Its Registered Office is: 
52 Talbot Park
Londonderry
Northern Ireland
BT48 7TA

Page 4

 
GARDEN SQUARE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2

Page 5

 
GARDEN SQUARE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

4.


Debtors

30 March
31 March
2024
2023
£
£


Trade debtors
26,819
20,548

Other debtors
252
-

Prepayments and accrued income
6,198
1,693

33,269
22,241



5.


Cash and cash equivalents

30 March
31 March
2024
2023
£
£

Cash at bank and in hand
5,962
9,278

5,962
9,278



6.


Creditors: Amounts falling due within one year

30 March
31 March
2024
2023
£
£

Payments received on account
13,672
15,689

Trade creditors
8,518
9,621

Accruals and deferred income
16,941
6,109

39,131
31,419


Page 6

 
GARDEN SQUARE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

7.


Related party transactions

During the period the company entered into the following transactions with related parties:


Transaction value         30/03/24
Year ended 31/03/24
31/03/23
£
£
£

6,962
(6,993)
(5,958)
6,962
(6,993)
(5,958)

Sloane Projects Ltd is a company incorporated in Northern Ireland of which Mr Paul Gavin Martin and Mr Gary Michael Martin are directors.


8.


Controlling party

Garden Square Management Ltd is a wholly owned subsidiary of Chelsea Property Holdings Ltd.  Mr Gary Michael Martin, director and majority shareholder of Chelsea Property Holdings Ltd, is considered to be the controlling party of Garden Square Management Ltd.

 
Page 7