COMPANY REGISTRATION NUMBER:
01054103
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31 Gloucester Road Management Limited |
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Unaudited Financial Statements |
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31 Gloucester Road Management Limited |
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Year ended 31 December 2024
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Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
4 |
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Statement of financial position and the notes to the financial statements |
6 |
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31 Gloucester Road Management Limited |
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Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended
31 December 2024
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Directors
The directors who served the company during the year were as follows:
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M Al-Rubaiy |
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H R Charles |
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W W G Park |
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V M Schmied |
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M Scouller |
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A Gerrard |
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A Mahmood |
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Mr T Cleeve |
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Other matters
Investments / Savings
During 2024, the Company continued to invest £50 a month in the M&G Recovery and Growth Funds and £50 a month in the NatWest Business Reserve account.
Service /Maintenance Payments
Service charges remain at £105 per month if the flat is let and £90 per month for resident owners. The appropriate amounts have been received from each owner.
Buildings Insurance
The policy was renewed in October 2024 (the cover was from 1 July 2024), and a copy of the Certificate was circulated to all Directors. The sum insured is £4,056,035. Reminder Note: If your property is going to be unoccupied for more than 60 consecutive days, then the insurers must be informed.
Directors and Officers Liability Insurance
The policy was renewed in October 2024 (the cover was from 1 July 2024).
Health & Safety
Updated H&S policies are displayed in the hallway on the ground floor. Smoke alarms in the communal hall/stairway are checked quarterly, and batteries are replaced as required. A record of these checks is being maintained. Fire hydrants/apparatus continue to be checked/ serviced annually. The service undertaken in February 2024 revealed no defects with the current equipment.
GENERAL
Gardening
Piotr's hourly rate remains at £25 from £22 (still low, as other gardens charge £28-32 per hour).
Parking
Once again, please remind All Landlords to instruct their tenants NOT to block access to other tenant garages.
Garden / Recycling
General garden maintenance continues.
Windows
The flat windows continue to be cleaned externally every two months, and the communal hallway windows are cleaned internally and externally. Agnes has taken on the cleaning of the hallway on a monthly basis (she has been Flat 9's cleaner for 30 years and Flat 8's for a year now).
31 GRM Ltd Board Resolutions
There were no new Resolutions added in 2024.
Significant AGM Decisions
" Director's Liability Insurance Policy for £100,000 is in place with an agreement NOT to purchase block terrorism insurance (AGM 5/3/2006). An email survey in November 2016 reconfirmed the Directors' decision NOT to buy block terrorism insurance. " Flat Sales: When a flat is sold, the vendor pays a charge to cover the company's professional fees. The Executive Committee Meeting on 26/10/2010 agreed to increase this charge to £300 for future sales. " It was agreed that landlords should NOT allow "For Sale or To Let" signs to be erected on the premises. " As per the Terms & Conditions of the Lease, the renting/subletting of individual garages is not allowed (i.e. not to assign, underlet or part with the possession of part only of the demised premises). AGM 6/3/2012. " Garage door replacement is the individual owner's responsibility (AGM 4/3/2007). " In 2015, Flats 2, 3, 4, 5, 7,
8, and 9 paid to have their garage roofs replaced. Each owner received an ASBESTOS safe disposal certificate for their records. Flats 1 and 6 chose not to replace their garage roofs. Accordingly, a Resolution was raised confirming that it was the responsibility of the owners of flats 1 and 6 to keep their respective garage roofs in good order, and replacement/repair was the responsibility of the individual owners. (AGM 29/03/2016)
Significant Dates
The freehold was acquired in 1994 and shown in the Accounts at the original cost of £9517 with additions of £2115.
A new roof was installed in 2006 and has a 20-year Guarantee. A roof survey/inspection was undertaken in September 2016,and it requires no maintenance.
Cavity Wall insulation was installed in July 2009, and the individual flat owners hold 25-year Warranty Certificates.
White Liquid Plastic - Decothane Gamma 20 - was applied to the white panelling under the windows in August 2004 and is guaranteed for 20 years. Note these panels are low-grade asbestos and should not be disturbed.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
15 September 2025
and signed on behalf of the board by:
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M Scouller |
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Company Secretary |
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Registered office: |
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Communication House |
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Victoria Avenue |
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Camberley |
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Surrey |
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GU15 3HX |
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31 Gloucester Road Management Limited |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
31 Gloucester Road Management Limited |
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Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 31 Gloucester Road Management Limited for the year ended 31 December 2024, which comprise the income statement, statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
PORTER GARLAND
Chartered accountants
Communication House
Victoria Avenue
Camberley
Surrey
GU15 3HX
15 September 2025
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31 Gloucester Road Management Limited |
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Year ended 31 December 2024
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2024 |
2023 |
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£ |
£ |
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Turnover |
11,212 |
11,113 |
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Other charges |
17,783 |
9,745 |
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-------- |
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(Loss)/profit |
(
6,571) |
1,368 |
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-------- |
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31 Gloucester Road Management Limited |
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Statement of Financial Position |
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31 December 2024
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2024 |
2023 |
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£ |
£ |
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Fixed assets |
11,632 |
11,632 |
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-------- |
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Current assets |
26,720 |
32,557 |
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Prepayments and accrued income |
1,531 |
- |
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-------- |
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28,251 |
32,557 |
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Net current assets |
28,251 |
32,557 |
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Total assets less current liabilities |
39,883 |
44,189 |
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Accruals and deferred income |
5,750 |
3,485 |
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34,133 |
40,704 |
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-------- |
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Capital and reserves |
34,133 |
40,704 |
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-------- |
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the
board of directors
and authorised for issue on
15 September 2025
, and are signed on behalf of the board by:
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V M Schmied |
M Scouller |
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Director |
Director |
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Company registration number:
01054103
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Communication House, Victoria Avenue, Camberley, Surrey, GU15 3HX.