Grove Mews Seaton Management Company Limited 30/04/2021 iXBRL
Grove Mews Seaton Management Company Limited 30/04/2021 iXBRL
Company registration number:
11000758
GROVE MEWS SEATON MANAGEMENT COMPANY LIMITED
DIRECTORS AND OTHER INFORMATION
Director |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Queens House | ||
42-44 New Street | ||
Honiton | ||
Devon | ||
EX14 1BJ | ||
GROVE MEWS SEATON MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
30 APRIL 2021
2021 | |||||
Note | £ | £ | |||
Current assets | |||||
Debtors | 5 |
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Creditors: amounts falling due | |||||
within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||
Called up share capital |
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Shareholders funds |
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Director's responsibilities:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
07 January 2022
, and are signed on behalf of the board by:
Director
Company registration number:
11000758
GROVE MEWS SEATON MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26-28 Southerhay East, Exeter, Devon, EX1 1NS.
Principal activity
The principal activity of the company is that of property management.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
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.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at theend of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to 1
5.
Debtors
2021 | |||
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Other debtors |
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6.
Creditors: amounts falling due within one year
2021 | |||
£ | |||
Trade creditors |
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Accruals and deferred income |
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Other creditors | 2,517 | ||
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7.
Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.