Glencroft Court Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01013847 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

GLENCROFT COURT MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms D Lunn

B R Mitchell

Ms V M Trotter

I Bosley

S Gibbs

C S Jobson

SECRETARY:

S T Walsh

REGISTERED OFFICE:

Ground Floor

58 Castle Walk

Reigate

Surrey

RH2 9PX

REGISTERED NUMBER:

01013847 (England and Wales)

AUDITORS:

GBJ LLP

Statutory Auditor

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

CURRENT ASSETS

Debtors

4

4,894

680

Cash at bank

112,196

117,665

117,090

118,345

CREDITORS

Amounts falling due within one year

5

8,496

4,743

NET CURRENT ASSETS

108,594

113,602

TOTAL ASSETS LESS CURRENT
LIABILITIES

108,594

113,602

CAPITAL AND RESERVES

Called up share capital

480

Retained earnings

6

108,114

113,122

SHAREHOLDERS' FUNDS

108,594

113,602

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2022 and were signed on its behalf by:

B R Mitchell - Director

1.	STATUTORY INFORMATION

Glencroft Court Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade debtors

2,347

-

Other debtors

2,547

680

4,894

680

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Taxation and social security

2

16

Other creditors

8,494

4,727

8,496

4,743

6.

RESERVES

Retained

earnings

£

At 1 July 2021

113,122

Deficit for the year

(5,008

)

At 30 June 2022

108,114

Amounts paid by the tenants for maintenance charges in excess of the amounts actually expended in any year are carried forward as reserves, for future expenditure.

Included within repairs and maintenance are exceptional expenses of installation of lighting £7,310 and repairs to the roof £2,960.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

J Hillier (Senior Statutory Auditor)

for and on behalf of GBJ LLP

Glencroft Court Management Ltd - Accounts to registrar (filleted) - small 22.3

Glencroft Court Management Ltd - Accounts to registrar (filleted) - small 22.3