Garlands Management Ltd |
Notes to the Accounts |
for the year ended 24 March 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Income |
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This represents the service charges receivable from the leaseholders. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Due from leaseholders |
232 |
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- |
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4 |
Creditors: amounts falling due within one year |
2022 |
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2021 |
£ |
£ |
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Other creditors |
1,172 |
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262 |
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5 |
Contingent liabilities |
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As the freeholder, The Keepers and Governors of the Possessions, Revenues and Goods of the Free Grammar School of John Lyon insures The Garlands buildings. Copies of the insurance are available annually at the request of the lessees. The school has not recharged the cost of this insurance to the company for some years. It is always possible that at a future date, the company will be called upon to pay the current insurance premium. There is also the possibility, although considered unlikely, that the company will be called upon to pay for past insurance premiums. The directors do not consider it necessary to make a provision for such a possibility. |
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6 |
Other information |
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Garlands Management Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: |
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16 The Garlands |
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Peterborough Road |
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Harrow on the Hill |
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HA1 3DY |