Gladstone Court (London) Management Limi - Accounts to registrar (filleted) - small 18.2

Gladstone Court (London) Management Limi - Accounts to registrar (filleted) - small 18.2

GLADSTONE COURT (LONDON) MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 02823510 (England and Wales)















GLADSTONE COURT (LONDON) MANAGEMENT
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021





Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR








GLADSTONE COURT (LONDON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 02823510)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


GLADSTONE COURT (LONDON) MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2021







Directors: L Boardman
R Mellor
D Norris
S E R Seymour-Williams





Registered office: 9 Spring Street
London
W2 3RA





Registered number: 02823510 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR
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GLADSTONE COURT (LONDON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 02823510)

BALANCE SHEET
30 JUNE 2021

2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 4 367,044 360,000

Current assets
Debtors 5 226 906
Cash at bank 45,965 49,770
46,191 50,676
Creditors
Amounts falling due within one year 6 1,350 2,499
Net current assets 44,841 48,177
Total assets less current liabilities 411,885 408,177

Provisions for liabilities 51,638 51,638
Net assets 360,247 356,539

Capital and reserves
Called up share capital 7 37 37
Share premium 8 70,273 70,273
Retained earnings 8 289,937 286,229
Shareholders' funds 360,247 356,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 14 December 2021 and were signed on its behalf by:




L Boardman - Director


The notes form part of these financial statements

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GLADSTONE COURT (LONDON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 02823510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021


1. Statutory information

Gladstone Court (London) 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. Employees and directors

The average number of employees during the year was 1 (2020 - 1 ) .

4. Tangible fixed assets
Freehold
property
£
Cost or valuation
At 1 July 2020 360,000
Revaluations 7,044
At 30 June 2021 367,044
Net book value
At 30 June 2021 367,044
At 30 June 2020 360,000

Cost or valuation at 30 June 2021 is represented by:

Freehold
property
£
Valuation in 2017 88,223
Valuation in 2019 271,777
Valuation in 2021 7,044
367,044

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GLADSTONE COURT (LONDON) MANAGEMENT
LIMITED (REGISTERED NUMBER: 02823510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021


4. Tangible fixed assets - continued

A new valuation was undertaken of the Freehold interests in 2019, in line with recent requests from owners to either extend their Lease or purchase a share of the Freehold, so that a true value could be obtained. Capital improvements of £7,044 were made to the caretakers flat in 2021.

This valuation is reflected in these Accounts and is consistent with accounting standards which require the Freehold to be revalued periodically.

5. Debtors: amounts falling due within one year
2021 2020
£ £
Trade debtors 226 906

6. Creditors: amounts falling due within one year
2021 2020
£ £
Corporation tax payable 870 1,538
Other creditors - 480
Accrued expenses 480 481
1,350 2,499

7. Called up share capital


8. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 July 2020 286,229 70,273 356,502
Profit for the year 3,708 3,708
At 30 June 2021 289,937 70,273 360,210

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