REGISTERED NUMBER: 01364061 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2025

FOR

GLEDHOW COURT MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Maisuria

G A Barker

SECRETARY:

J H Watson Property Management Limited

REGISTERED OFFICE:

Glendevon House

4 Hawthorne Park

Coal Road

Leeds

West Yorkshire

LS14 1PQ

REGISTERED NUMBER:

01364061 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

21,640

21,640

CURRENT ASSETS

Debtors

5

329

2,338

Cash at bank

79,890

52,445

80,219

54,783

CREDITORS

Amounts falling due within one year

6

5,821

4,745

NET CURRENT ASSETS

74,398

50,038

TOTAL ASSETS LESS CURRENT LIABILITIES

96,038

71,678

CAPITAL AND RESERVES

Called up share capital

7

48

48

Retained earnings

95,990

71,630

SHAREHOLDERS' FUNDS

96,038

71,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

P Maisuria - Director

1.	STATUTORY INFORMATION

Gledhow Court Management 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

The company's turnover represents the service charges invoiced during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

15% straight line

Freehold property is not depreciated on the basis that the net book value is already lower than the estimated residual value of the property at the end of its useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 25 March 2024

and 24 March 2025

28,393

DEPRECIATION

At 25 March 2024

and 24 March 2025

6,753

NET BOOK VALUE

At 24 March 2025

21,640

At 24 March 2024

21,640

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Service charges due

37

2,022

Prepayments

292

316

329

2,338

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Receipts in advance

146

2,475

Trade creditors

1,041

1,473

Other creditors

3,892

-

Creditors and accruals

742

797

5,821

4,745

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

48

Ordinary

1

48

48

8.	MANAGING AGENTS ANNUAL DECLARATION

Management fees

During the year J H Watson Property Management Limited, as appointed agent to manage the common areas of the development, received a fixed fee of £5,300 plus VAT.

Company secretarial fees

During the year J H Watson Property Management Limited, appointed to act as company secretary for the company, received a fixed fee of £371 plus VAT.

Insurance commission

J H Watson Property Management Limited is authorised to place insurance on behalf of the management company or the landlord. A commission of 10% is paid by the insurers which does not affect the premium of the policy. As agreed with the insurers the commission paid to J H Watson Property Management Limited will cover the cost of handling insurance related enquiries such as claims and renewals, costs which are not included within the standard management fee. The gross commission received in the year was £473.

Professional and consultancy fees

Specialist fees for services provided by J H Watson Property Management Limited in the year were: -

Professional fees in relation to compliance fee - £788 plus VAT.