Lowgate Property Management Limited - Accounts to registrar (filleted) - small 18.2

Lowgate Property Management Limited - Accounts to registrar (filleted) - small 18.2

LOWGATE PROPERTY MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 01636825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH SEPTEMBER 2021

FOR

LOWGATE PROPERTY MANAGEMENT LIMITED
LOWGATE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 01636825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH SEPTEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOWGATE PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH SEPTEMBER 2021







DIRECTORS: Mrs E R Collins
Mrs P M Copestake
Mr D A Millar
Mrs L A Hunt





SECRETARY: Mrs L A Hunt





REGISTERED OFFICE: 6 Hambleden Mill
Mill End
Hambleden
Henley on Thames
RG9 3AF





REGISTERED NUMBER: 01636825 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN
Page 1
LOWGATE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 01636825)

BALANCE SHEET
28TH SEPTEMBER 2021

28.9.21 28.9.20
Notes £    £   
CURRENT ASSETS
Debtors 4 5,035 4,129
Cash at bank 39,731 45,220
44,766 49,349
CREDITORS
Amounts falling due within one year 5 2,912 2,207
NET CURRENT ASSETS 41,854 47,142
TOTAL ASSETS LESS CURRENT
LIABILITIES
41,854
47,142

PROVISIONS FOR LIABILITIES 25,000 20,000
NET ASSETS 16,854 27,142

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 6 16,844 27,132
SHAREHOLDERS' FUNDS 16,854 27,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th September 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 24th November 2021 and were signed on its behalf by:





Mr D A Millar - Director


The notes form part of these financial statements

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LOWGATE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 01636825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH SEPTEMBER 2021

1. STATUTORY INFORMATION

Lowgate Property 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 represents maintenance charges and other sundry fees levied on the tenants. It is accounted for in the period in which it falls due.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.21 28.9.20
£    £   
Prepayments and accrued income 5,035 4,129

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.21 28.9.20
£    £   
Accrued expenses 2,912 2,207

6. RESERVES
Retained
earnings
£   

At 29th September 2020 27,132
Deficit for the year (10,288 )
At 28th September 2021 16,844

7. DIRECTORS INTERESTS

During the year Mrs L A Hunt, a director of the company, provided administrative and professional services to the company, at arms length, at a cost of £300 (2020 : £950).

8. FREEHOLD PROPERTY

The freehold property, subject to existing leases, known as Hambleden Mill, Mill End, Henley on Thames, RG9 3AF was transferred to Lowgate Property Management Ltd on 20th March 1985 by D.E Bazzard and S.D Fountain at nil cost.

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