| Great Central Apartments Management Company Limited |
| Registered number: |
05854047 |
| Balance Sheet |
| as at 31 March 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
10,571 |
|
|
7,413 |
| Cash at bank and in hand |
|
|
17,814 |
|
|
12,663 |
|
|
|
28,385 |
|
|
20,076 |
|
| Creditors: amounts falling due within one year |
4 |
|
(15,731) |
|
|
(12,354) |
|
| Net current assets |
|
|
|
12,654 |
|
|
7,722 |
|
| Net assets |
|
|
|
12,654 |
|
|
7,722 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Reserves funds |
5 |
|
|
13,776 |
|
|
9,776 |
| Reserves account |
|
|
|
(1,122) |
|
|
(2,054) |
|
| Member's funds |
|
|
|
12,654 |
|
|
7,722 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J Frew |
| Director |
| Approved by the board on 19 December 2023 |
|
| Great Central Apartments Management Company Limited |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents service charges charged to the leaseholders of Villency Court, Nottingham Road, Loughborough. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Other debtors |
10,571 |
|
7,413 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
10,960 |
|
3,726 |
|
Other creditors |
4,771 |
|
8,628 |
|
|
|
|
|
|
15,731 |
|
12,354 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Reserves funds |
2023 |
|
2022 |
| £ |
£ |
|
|
At 1 April 2022 |
9,776 |
|
34,000 |
|
Reserve collected in year |
4,000 |
|
4,000 |
|
Used for major works |
- |
|
(28,224) |
|
|
At 31 March 2023 |
13,776 |
|
9,776 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Reserves account |
|
|
The Company's reserve funds are retained for future expenditure in accordance with the lease. Any excess for the year is retained to add to the reserve account as agreed at the Company's AGM. |
|
|
| 7 |
Other information |
|
|
Great Central Apartments Management Company Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
37 Unit 2752 Theatre Square |
|
Nottingham |
|
NG1 6LG |
