Registered number
03889272
Greenacres Management Company (Grange-over-Sands) Limited
Unaudited Filleted Accounts
For the Year Ended
31 December 2024
Greenacres Management Company (Grange-over-Sands) Limited
Registered number: 03889272
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 27,697 24,616
Creditors: amounts falling due within one year 3 (895) (688)
Net current assets 26,802 23,928
Net assets 26,802 23,928
Capital and reserves
Called up share capital 15 15
Profit and loss account 26,787 23,913
Shareholders' funds 26,802 23,928
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr A Kippen
Director
Approved by the board on 16 April 2025
Greenacres Management Company (Grange-over-Sands) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of contributions from residents.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 319 112
Other creditors 576 576
895 688
4 Other information
Greenacres Management Company (Grange-over-Sands) Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Jackson & Graham
Lynn Garth
Gillinggate
Kendal
LA9 4JB
Greenacres Management Company (Grange-over-Sands) Limited 03889272 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Dr A Kippen No description of principal activity 03889272 2023-01-01 2023-12-31 03889272 core:WithinOneYear 2023-12-31 03889272 core:ShareCapital 2023-12-31 03889272 core:RetainedEarningsAccumulatedLosses 2023-12-31 03889272 2024-01-01 2024-12-31 03889272 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03889272 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03889272 bus:Director40 2024-01-01 2024-12-31 03889272 2 2024-01-01 2024-12-31 03889272 countries:England 2024-01-01 2024-12-31 03889272 bus:FRS102 2024-01-01 2024-12-31 03889272 bus:FilletedAccounts 2024-01-01 2024-12-31 03889272 2024-12-31 03889272 core:WithinOneYear 2024-12-31 03889272 core:ShareCapital 2024-12-31 03889272 core:RetainedEarningsAccumulatedLosses 2024-12-31 03889272 2023-12-31 iso4217:GBP xbrli:pure