Graydown Court Management Company Limited - Period Ending 2019-07-31

Registered number: 4492001

Graydown Court Management Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2019

Graydown Court Management Company Limited

Balance Sheet as at 31 July 2019

	Note	2019 £	2018 £
Fixed assets
Intangible assets	4	4,147	4,147
Current assets
Debtors	5	822	644
Cash at bank and in hand		3,118	2,029
		3,940	2,673
Creditors: Amounts falling due within one year	6	(1,190)	(805)
Net current assets		2,750	1,868
Net assets		6,897	6,015
Capital and reserves
Called up share capital		6	6
Profit and loss account		6,891	6,009
Total equity		6,897	6,015

For the financial year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 August 2019 and signed on its behalf by:
 

M J Hall - Director
Graydown Court Management Company Limited (Registered number: 4492001)

Graydown Court Management Company Limited

Notes to the Financial Statements for the Year Ended 31 July 2019

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
c/o Watson Property Management
Glendevon House
4 Hawthorn Park
Leeds
LS14 1PQ

These financial statements were authorised for issue by the Board on 22 August 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for service charges in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2018 - 0).

Graydown Court Management Company Limited

Notes to the Financial Statements for the Year Ended 31 July 2019

4	Intangible assets

	Freehold £	Total £
Cost or valuation
At 1 August 2018	4,147	4,147
At 31 July 2019	4,147	4,147
Amortisation
Carrying amount
At 31 July 2019	4,147	4,147
At 31 July 2018	4,147	4,147

5

Debtors

	2019 £	2018 £
Service charges owing	155	-
Prepayments	667	644
	822	644

6

Creditors

Creditors: amounts falling due within one year

		2019 £	2018 £
Due within one year
Service charges paid in advance		309	289
Accruals		881	516
		1,190	805

Graydown Court Management Company Limited

Notes to the Financial Statements for the Year Ended 31 July 2019

7	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary of £1 each	6	6	6	6