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Girondist Management Company Limited
Unaudited Financial Statements
For The Year Ended 24 June 2025
Burns & Co (Accountants) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00953057
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 111,962 111,962
111,962 111,962
CURRENT ASSETS
Debtors 5 1,780 1,488
Cash at bank and in hand 341,016 359,315
342,796 360,803
Creditors: Amounts Falling Due Within One Year 6 (2,929 ) (23,463 )
NET CURRENT ASSETS (LIABILITIES) 339,867 337,340
TOTAL ASSETS LESS CURRENT LIABILITIES 451,829 449,302
NET ASSETS 451,829 449,302
CAPITAL AND RESERVES
Called up share capital 7 50 50
Capital redemption reserve 29,875 29,875
Other reserves 139,110 139,110
Profit and Loss Account 282,794 280,267
SHAREHOLDERS' FUNDS 451,829 449,302
Page 1
Page 2
For the year ending 24 June 2025 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Stelina Galifianakis-Lloyd
Director
26/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Girondist Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00953057 . The registered office is 29a Osiers Road, London, SW18 1NL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investment Property
2025
£
Fair Value
As at 25 June 2024 115,538
Depreciation and impairment (3,576 )
As at 24 June 2025 111,962
5. Debtors
2025 2024
£ £
Due within one year
Grosvenor Service Charge Trust 1,780 1,488
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 704 21,238
Other creditors 979 979
Accruals and deferred income 1,246 1,246
2,929 23,463
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 50
Page 4