GAMBELL CLOSE MANAGEMENT LIMITED 31/12/2022 iXBRL

GAMBELL CLOSE MANAGEMENT LIMITED 31/12/2022 iXBRL

GAMBELL CLOSE MANAGEMENT LIMITED - Company Information

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0 31/12/2022 2022-12-31 true false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09356180 2022-01-01 2022-12-31 09356180 2022-12-31 09356180 2021-12-31 09356180 bus:Director1 2022-01-01 2022-12-31 09356180 core:WithinOneYear 2022-12-31 09356180 core:WithinOneYear 2021-12-31 09356180 core:RetainedEarningsAccumulatedLosses 2022-12-31 09356180 core:RetainedEarningsAccumulatedLosses 2021-12-31 09356180 bus:SmallEntities 2022-01-01 2022-12-31 09356180 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09356180 bus:FullAccounts 2022-01-01 2022-12-31 09356180 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 09356180 bus:CompanyLimitedByGuarantee 2022-01-01 2022-12-31
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Unaudited filleted financial statements
31 December 2022
Company registration number 09356180
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Statement of financial position
31 December 2022
2022 2021
Note £ £ £ £
Current assets
Debtors 5 13 -
Cash at bank and in hand 5,472 3,951
_______ _______
5,485 3,951
Creditors: amounts falling due
within one year 6 ( 420) ( 525)
_______ _______
Net current assets 5,065 3,426
_______ _______
Total assets less current liabilities 5,065 3,426
_______ _______
Net assets 5,065 3,426
_______ _______
Capital and reserves
Profit and loss account 5,065 3,426
_______ _______
Members funds 5,065 3,426
_______ _______
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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 12 March 2023 , and are signed on behalf of the board by:
A.R. Rainer
Director
Company registration number: 09356180
GAMBELL CLOSE MANAGEMENT LIMITED
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2022
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 3 Gambell Close, Teynham, Sittingbourne, Kent, ME9 9AY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on the going concern basis.
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
4. Limited by guarantee
The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the Company in the event of it being wound up while they are a member or within one year after they cease to be a member.
5. Debtors
2022 2021
£ £
Trade debtors 13 -
_______ _______
6. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors - 63
Other creditors 420 462
_______ _______
420 525
_______ _______