Gable End Management Company Limited - Period Ending 2019-03-31
Gable End Management Company Limited - Period Ending 2019-03-31
Registration number:
Gable End Management Company Limited
(A company limited by guarantee)
for the Year Ended 31 March 2019
Gable End Management Company Limited
(Registration number: 01375492)
Statement of Financial Position as at 31 March 2019
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Income and expenditure account |
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Total equity |
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For the financial year ending 31 March 2019 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 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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 Income Statement has been taken.
Approved and authorised by the
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Director
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Page 1 |
Gable End Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2019
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General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
United Kingdom
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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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents service charges receivable from the residents for the year in question and is derived wholly within the UK.
Tangible assets
The company has freehold ownership over the land known as Gable End, Clockhouse Road, Farnborough; no value has been disclosed in the financial statements as no consideration was paid.
Maintenance debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and bank deposits.
Other creditors
Short term creditors are measured at the transaction price.
Financial instruments
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Page 2 |
Gable End Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2019
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Staff numbers |
Due to the nature of the company’s activities there were no employees in the current or previous year.
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Debtors |
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2019 |
2018 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2019 |
2018 |
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Accruals and deferred income |
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Page 3 |