Park Gate (Bromley) Management Limited
Registered number: 05504750
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,519 7,519
Current assets
Debtors 4 2,156 (2,976)
Cash at bank and in hand 24,375 23,374
26,531 20,398
Creditors: amounts falling due within one year 5 (785) (156)
Net current assets 25,746 20,242
Net assets 33,265 27,761
Capital and reserves
Retained surplus on reserves 33,265 27,761
Members' funds 33,265 27,761
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.
M Smith A Perminova
Director Director
Approved by the board on 10 June 2025
Park Gate (Bromley) Management 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.
Turnover
Turnover represents the total contributions requested from the residents of Park Gate designed to cover the common costs attributable to the premises. Service charge funds are ring-fenced within a group account in the name of "AEM Client Account" Numbered 91576520, sort code 60-04-02, held at Natwest Bank Plc, 143 High Street, Bromley, Kent, BR1 1JH. All interest received on these funds is applied for the benefit of the lessees.
Tangible fixed assets
The company acquired the freehold of 71 Plaistow Lane, Bromley BR1 3JF at a cost including fees of £7519.
Taxation
No taxation is payable. The company is a mutual trading company and there were no investments yielding sufficient income to be taxable.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 7,519
At 31 December 2024 7,519
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 7,519
At 31 December 2023 7,519
4 Debtors 2024 2023
£ £
Tenant account (4,024) (3,734)
Other debtors - 158
Prepayments 6,180 600
2,156 (2,976)
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 785 156
6 Related party transactions
The company is under the joint control of its members. No one party has overall control of the company.
7 Other information
Park Gate (Bromley) Management Limited is a private company limited by guarantee and incorporated in England on 24 May 1963. Its registered office is:
9 St Marks Road
Bromley
Kent
BR2 9HG
Park Gate (Bromley) Management Limited 05504750 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 M Smith No description of principal activity 05504750 2023-01-01 2023-12-31 05504750 core:WithinOneYear 2023-12-31 05504750 core:RetainedEarningsAccumulatedLosses 2023-12-31 05504750 2024-01-01 2024-12-31 05504750 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05504750 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05504750 bus:Director40 2024-01-01 2024-12-31 05504750 countries:England 2024-01-01 2024-12-31 05504750 bus:FRS102 2024-01-01 2024-12-31 05504750 bus:FilletedAccounts 2024-01-01 2024-12-31 05504750 2024-12-31 05504750 core:WithinOneYear 2024-12-31 05504750 core:RetainedEarningsAccumulatedLosses 2024-12-31 05504750 core:LandBuildings 2024-12-31 05504750 2023-12-31 05504750 core:LandBuildings 2023-12-31 iso4217:GBP xbrli:pure