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REGISTERED NUMBER: 02572220 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

GREENACRES (HORSHAM 4) MANAGEMENT
COMPANY LIMITED

GREENACRES (HORSHAM 4) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02572220)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREENACRES (HORSHAM 4) MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: M T Burrough
J W Ascroft-Leigh
Dr C D'Amico
Ms S Rollo





REGISTERED OFFICE: Penns Cottage
Horsham Road
Steyning
BN44 3LJ





REGISTERED NUMBER: 02572220 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Horsham) Limited
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

GREENACRES (HORSHAM 4) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02572220)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 3 8,268 2,709
Cash at bank 56,855 34,311
65,123 37,020
CREDITORS
Amounts falling due within one year 4 4,073 4,012
NET CURRENT ASSETS 61,050 33,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,050

33,008

CAPITAL AND RESERVES
Called up share capital 33 33
Reserve fund 46,785 18,041
Retained earnings 14,232 14,934
SHAREHOLDERS' FUNDS 61,050 33,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th March 2025 and were signed on its behalf by:





M T Burrough - Director


GREENACRES (HORSHAM 4) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02572220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared as the financial statements for the resident management company acting as principal for all transactions during the year. Because of this, transactions entered into have been recognised in the profit and loss report, as per guidance from ICAEW Tech03/11. The cash balance held by the company is being held on trust for the lessees in accordance with the Landlords and Tenants Act 1987, and is not an asset of the company.

Turnover
Turnover represents service charges payable towards the management of property known as North Parade, Horsham, West Sussex

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,488 643
Prepayments and accrued income 1,780 2,066
8,268 2,709

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 190 565
Trade creditors 2,803 536
Accrued expenses 1,080 2,911
4,073 4,012

5. RESERVES

Retained Decorating TOTALS
earnings reserve


At 1 October 2023 14,934 18,041 32,975
Surplus for the year 29,298 29,298
Cyclical maintenance (1,256 ) (1,256 )


Transfer to cyclical maintenance (30,000 ) 30,000 -
At 30 September 2024 14,232 46,785 61,017


The following expenses were funded through reserves during the year:
£
Replacement access control system 1,256
1,256

GREENACRES (HORSHAM 4) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 02572220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


6. BUILDING REPAIRS

£
Inspection fee 93
Gutters 890
Waste management 40
Carpet and wall repairs 390
Security 322
Drainage and CCTV 1,248
Locksmith 78
Pest control 60
Window glaze 165
3,286