EASTGATE MGT CIC

Company limited by guarantee

Company Registration Number:
12243882 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

EASTGATE MGT CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

EASTGATE MGT CIC

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

M Wadman
L Jay


The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

E Tilley


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 August 2025

And signed on behalf of the board by:
Name: M Wadman
Status: Director

EASTGATE MGT CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 5,880 7,309
Cost of sales: ( 4,483 ) ( 4,302 )
Gross profit(or loss): 1,397 3,007
Administrative expenses: ( 1,516 ) ( 1,716 )
Operating profit(or loss): (119) 1,291
Interest receivable and similar income: 4
Profit(or loss) before tax: (119) 1,295
Profit(or loss) for the financial year: (119) 1,295

EASTGATE MGT CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 380 352
Cash at bank and in hand: 8,008 6,969
Total current assets: 8,388 7,321
Net current assets (liabilities): 8,388 7,321
Total assets less current liabilities: 8,388 7,321
Creditors: amounts falling due after more than one year: 4 ( 5,358 ) ( 4,252 )
Total net assets (liabilities): 3,030 3,069
Members' funds
Profit and loss account: 3,030 3,069
Total members' funds: 3,030 3,069

The notes form part of these financial statements

EASTGATE MGT CIC

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 6 August 2025
and signed on behalf of the board by:

Name: M Wadman
Status: Director

The notes form part of these financial statements

EASTGATE MGT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents service charges raised for the benefit of maintaining communal parts of the development.

    Other accounting policies

    The company is exempt from corporation tax as it is a company not carrying on a business for the purposes of making a profit.

EASTGATE MGT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

EASTGATE MGT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 380 352
Total 380 352

EASTGATE MGT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 5,358 4,252
Total 5,358 4,252

COMMUNITY INTEREST ANNUAL REPORT

EASTGATE MGT CIC

Company Number: 12243882 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The company maintains the communal access roads, communal landscaping and communal lighting within the residential development of Eastgate Estate, Longwick. This benefits the residents of the Estate as well as visitors, tradesmen and other users who require access. During the financial year 2024, the company has benefited the community of Eastgate Estate in the following ways: - the communal grass areas have undergone a bi-monthly feed and weed treatment; - the planting and landscaping areas have been maintained; - gritted areas have been maintained and grit replenished. - the balancing pond, which is integral to keeping the development free from flooding, underwent routine maintenance; - funds are continued to be set aside for log-term maintenance.

Consultation with stakeholders

The directors and stakeholders are all resident at Eastgate Estate and jointly oversee the day-to-day maintenance of the Estate. All stakeholders meet on a regular basis and have equal input into the running and presentation of the Estate. Residents are also encouraged to contact the directors throughout the year with suggestions as to how the Estate could be better presented. Consultation meetings highlighted the benefit of the following: - continued maintenance of communal grass areas, the benefit of which can be seen throughout the year; - gritting and salting would make the pavements and roads safer over the winter months. This was undertaken in the winter and the benefit seen throughout the colder months.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 August 2025

And signed on behalf of the board by:
Name: M Wadman
Status: Director