ACCOUNTS - Final Accounts

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED - Company Information

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Registered number: 08822680

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2020

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

COMPANY INFORMATION

Directors	G J Osborn (resigned 21 January 2020)
	D C L Kier
	A J Hollinshead
	A S Gulliford
	H A A Stokes (appointed 21 January 2020)


Company secretary	A J Hollinshead


Registered number	08822680


Registered office	Lumonics House Valley Drive
	Swift Valley
	Rugby
	Warwickshire
	CV21 1TQ

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 08822680

BALANCE SHEET

AS AT 31 DECEMBER 2020

		2020		2019
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	6,498		7,447
Cash at bank and in hand		42,514		53,441
		49,012		60,888
Creditors: amounts falling due within one year	5	(49,012)		(60,888)
Net current assets			-		-
Total assets less current liabilities			-		-

Net assets			-		-

Capital and reserves
	-	-

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2021.

A J Hollinshead

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1.	General information

Gateway Rugby Management Company Limited is a private company limited by guarantee incorporated and domiciled in England. The registered office is shown on the Company Information page. The financial statements are prepared in sterling and are for the year ended 31 December 2020 (2019: Year ended 31 December 2019).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Service charge income

Service charge income represents maintenance, management and administration costs recoverable from owners or occupiers of units on the site, exclusive of Value Added Tax. Amounts are charged quarterly on account and any surplus or deficit is refunded or recharged to the relevant parties.

2.3

Debtors

Short term debtors are measured at transaction price.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short term creditors are measured at transaction price.

3.	Employees
	The company has no employees other than the directors, who did not receive any remuneration during the year (2019 - £Nil).

Page 2

GATEWAY RUGBY MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Debtors

					2020	2019
					£	£


VAT recoverable	2,292	-
Prepayments	4,206	7,447
	6,498	7,447

5.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Service charge due to tenants	45,567	56,853
Trade creditors	481	720
VAT payable	-	1,443
Accruals	2,964	1,872
	49,012	60,888


6.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 3