REGISTERED NUMBER: 05094059 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Granary Wharf Gainsborough Management

Company Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J S Mackay

NMLF (2011) LTD

Ms P Hopkinson

Mrs J Macintosh

G M Wernick

R B Booth

SECRETARY:

Ms P Hassell-Snook

REGISTERED OFFICE:

Granary Wharf

Bridge Street

Gainsborough

DN21 2AT

REGISTERED NUMBER:

05094059 (England and Wales)

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a flat management company.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

J S Mackay

NMLF (2011) LTD

Ms P Hopkinson

Mrs J Macintosh

G M Wernick

Other changes in directors holding office are as follows:

R B Booth was appointed as a director after 31 December 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G M Wernick - Director

1 September 2025

TURNOVER

99,215

109,749

Administrative expenses

99,215

109,749

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

-

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

-

-

CURRENT ASSETS

Debtors

4

8,319

27,775

Cash at bank

67,089

66,102

75,408

93,877

CREDITORS

Amounts falling due within one year

5

8,678

5,262

NET CURRENT ASSETS

66,730

88,615

TOTAL ASSETS LESS CURRENT LIABILITIES

66,730

88,615

PROVISIONS FOR LIABILITIES

6

66,669

88,554

NET ASSETS

61

61

CAPITAL AND RESERVES

Called up share capital

7

61

61

SHAREHOLDERS' FUNDS

61

61

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

G M Wernick - Director

1.	STATUTORY INFORMATION

Granary Wharf Gainsborough Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Turnover

Turnover excludes vat. The company is not vat registered as it makes exempt supplies.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

795

17,884

Prepayments

7,524

9,891

8,319

27,775

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,062

1,369

Other creditors

60

60

Accruals and deferred income

5,423

2,754

Accrued expenses

1,133

1,079

8,678

5,262

6.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Other provisions

Sinking fund

66,669

88,554

Sinking

Fund

£

Balance at 1 January 2024

88,554

Utilised during year

(21,885

)

Balance at 31 December 2024

66,669

The sinking fund is a provision made for future larger maintenance expenditure such as lift and roof replacement, the provision at 31st December 2024 £66,669, (2023: £88,554).

Deferred income relates to service charges paid in advance.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

61

Ordinary

£1

61

61

8.

RESERVES

Retained

earnings

£

Profit for the year

-

At 31 December 2024

-