Garratt Green No.1 Residents Company Limited
Garratt Green No.1 Residents Company Limited
Registered number: 02826036
Financial Statements
For The Year Ended
30 June 2022
Grugeon Reynolds Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Garratt Green No.1 Residents Company Limited
Financial Statements
For The Year Ended
30 June 2022
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Garratt Green No.1 Residents Company Limited
Balance Sheet
As at
30 June 2022
Balance Sheet
Registered number:
02826036
For the year ending 30 June 2022 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.
| 2022 | 2021 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Maintenance reserve |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Share premium account |
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| SHAREHOLDERS' FUNDS | 1,380 | 1,380 | |||
Page 1
Page 2
Garratt Green No.1 Residents Company Limited
Balance Sheet (continued)
As at
30 June 2022
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
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Garratt Green No.1 Residents Company Limited
Notes to the Financial Statements
For The Year Ended
30 June 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
1.2.
Turnover
Turnover comprises service charges and administration fees receivable from the shareholders of the company.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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1.4.
Maintenance reserve
The company is non profit making and no dividend is payable to members. The company is liable to ensure that certain areas external to the flats and the common parts within the buildings are kept in good repair and decorative order. This includes major redecorative work every few years. The terms of the lease provide that a separate maintenance reserve should be maintained to cover the expected costs and appropriations are made from the profit and loss account for this purpose.
The amount held in the reserve at 30th June 2022 was £109,401.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: NIL)
3.
Tangible Assets
| Land & Property | |
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| Freehold | |
| £ | |
| Cost | |
| As at
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| As at
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| Net Book Value | |
| As at
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| As at
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4.
Debtors
| 2022 | 2021 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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Page 3
Page 4
Garratt Green No.1 Residents Company Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 June 2022
5.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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6.
Share Capital
| 2022 | 2021 | ||
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| Allotted, Called up and fully paid |
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7.
General Information
Garratt Green No.1 Residents Company Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
02826036
. The registered office is c/o Property Maintenance & Mgt Services, 5th Floor Melrose House, 42 Dingwall Road, Croydon, CR0 2NE.
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