Quaygate Management Company Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: NI042823 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 30 April 2022

for

QUAYGATE MANAGEMENT COMPANY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

41,461

120,715

Cash at bank

32,698

63,086

74,159

183,801

CREDITORS

Amounts falling due within one year

5

74,041

183,683

NET CURRENT ASSETS

118

118

TOTAL ASSETS LESS CURRENT LIABILITIES

118

118

CAPITAL AND RESERVES

Called up share capital

118

118

118

118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 2 May 2023 and were signed on its behalf by:

Mr Davitt Henry Hughes - Director

1.	STATUTORY INFORMATION

Quaygate Management Company Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address are as below:

Registered number:

NI042823

Registered office:

C/o McGuinness Fleck Ltd

7 Pattons Lane

Holywood

Co. Down

BT18 9FX

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

The turnover shown in the income and expenditure account represents service charges in the year adjusted for any deficit or surplus.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Service charge debtors

41,461

120,715

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Service charge creditors

20,173

2,635

Reserve fund

47,410

180,088

Accruals and deferred income

6,458

960

74,041

183,683

6.	RELATED PARTY DISCLOSURES

The company was under the control of the company shareholders throughout the current and previous year. The shareholders own property in Quaygate Management Company Limited.

As at 30 April 2022, the reserve fund of £47,410 (2021: £180,088), which is included within note 5 of the financial statements, relates to a surplus of service charges to date.

No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.