GAMBELL CLOSE MANAGEMENT LIMITED 31/12/2021 iXBRL

GAMBELL CLOSE MANAGEMENT LIMITED 31/12/2021 iXBRL

GAMBELL CLOSE MANAGEMENT LIMITED - Company Information

Print Friendly Version

0 31/12/2021 2021-12-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2021-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09356180 2021-01-01 2021-12-31 09356180 2021-12-31 09356180 2020-01-01 2020-12-31 09356180 2020-12-31 09356180 2019-12-31 09356180 bus:LeadAgentIfApplicable 2021-01-01 2021-12-31 09356180 bus:Director1 2021-01-01 2021-12-31 09356180 bus:Director2 2021-01-01 2021-12-31 09356180 bus:Director3 2021-01-01 2021-12-31 09356180 bus:Director4 2021-01-01 2021-12-31 09356180 core:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 09356180 core:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 09356180 core:WithinOneYear 2021-12-31 09356180 core:WithinOneYear 2020-12-31 09356180 core:RetainedEarningsAccumulatedLosses 2021-12-31 09356180 core:RetainedEarningsAccumulatedLosses 2020-12-31 09356180 core:RetainedEarningsAccumulatedLosses 2019-12-31 09356180 bus:SmallEntities 2021-01-01 2021-12-31 09356180 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 09356180 bus:FullAccounts 2021-01-01 2021-12-31 09356180 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 09356180 bus:CompanyLimitedByGuarantee 2021-01-01 2021-12-31
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Unaudited financial statements
31 December 2021
Company registration number 09356180
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Contents
Directors report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Directors report
Year ended 31 December 2021
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2021.
Directors
The directors who served the company during the year were as follows:
A.R. Rainer
F.E. Johnson
R.E. Prichard
P.W. Smith (Resigned 20 February 2021)
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 09 May 2022 and signed on behalf of the board by:
A.R. Rainer
Director
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Statement of comprehensive income
Year ended 31 December 2021
2021 2020
Note £ £
Turnover 2,772 3,024
Cost of sales - -
Administrative expenses ( 2,853) ( 1,480)
_______ _______
Operating (loss)/profit ( 81) 1,544
(Loss)/profit before taxation ( 81) 1,544
Tax on (loss)/profit - -
_______ _______
(Loss)/profit for the financial year and total comprehensive income ( 81) 1,544
_______ _______
All the activities of the company are from continuing operations.
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Statement of financial position
31 December 2021
2021 2020
Note £ £ £ £
Current assets
Cash at bank and in hand 3,951 4,041
_______ _______
3,951 4,041
Creditors: amounts falling due
within one year 5 ( 525) ( 534)
_______ _______
Net current assets 3,426 3,507
_______ _______
Total assets less current liabilities 3,426 3,507
_______ _______
Net assets 3,426 3,507
_______ _______
Capital and reserves
Profit and loss account 3,426 3,507
_______ _______
Members funds 3,426 3,507
_______ _______
For the year ending 31 December 2021 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 09 May 2022 , and are signed on behalf of the board by:
A.R. Rainer
Director
Company registration number: 09356180
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Statement of changes in equity
Year ended 31 December 2021
Profit and loss account Total
£ £
At 1 January 2020 1,963 1,963
(Loss)/profit for the year 1,544 1,544
_______ _______
Total comprehensive income for the year 1,544 1,544
_______ _______
At 31 December 2020 and 1 January 2021 3,507 3,507
(Loss)/profit for the year ( 81) ( 81)
_______ _______
Total comprehensive income for the year ( 81) ( 81)
_______ _______
At 31 December 2021 3,426 3,426
_______ _______
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2021
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 3 Gambell Close, Teynham, Sittingbourne, Kent, ME9 9AY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
4. Limited by guarantee
The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the Company in the event of it being wound up while they are a member or within one year after they cease to be a member.
5. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 63 90
Other creditors 462 444
_______ _______
525 534
_______ _______
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
The following pages do not form part of the statutory accounts.
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of GAMBELL CLOSE MANAGEMENT LIMITED
Year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gambell Close Management Limited for the year ended 31 December 2021 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Gambell Close Management Limited, as a body, in accordance with the terms of our engagement letter dated 13 October 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Gambell Close Management Limited and state those matters that we have agreed to state to the board of directors of Gambell Close Management Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gambell Close Management Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Gambell Close Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gambell Close Management Limited. You consider that Gambell Close Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Gambell Close Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
J.A.D. Associates Limited
Chartered Accountants
4 Bloors Lane
Rainham
Gillingham
Kent