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Company registration number: 6285832
Grove Farm (Knowle) Management Co Ltd
Company limited by guarantee
Unaudited filleted financial statements
30 June 2024
Grove Farm (Knowle) Management Co Ltd
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Grove Farm (Knowle) Management Co Ltd
Company limited by guarantee
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 6 1,350 -
Cash at bank and in hand 45,619 35,204
_______ _______
46,969 35,204
Creditors: amounts falling due
within one year 7 ( 2,970) ( 1,320)
_______ _______
Net current assets 43,999 33,884
_______ _______
Total assets less current liabilities 43,999 33,884
_______ _______
Net assets 43,999 33,884
_______ _______
Capital and reserves
Profit and loss account 43,999 33,884
_______ _______
Members funds 43,999 33,884
_______ _______
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
Mr Dean Rollason
Director
Company registration number: 6285832
Grove Farm (Knowle) Management Co Ltd
Company limited by guarantee
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, West Midlands, B16 9HN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Limited by guarantee
The company was incorporated in England and Wales under the Companies Act as a company limited by guarantee and not having a share capital. There is a liability of £1 per member.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
6. Debtors
2024 2023
£ £
Other debtors 1,350 -
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 2,970 1,320
_______ _______