Gordon Place Management Company Limited - Limited company accounts 18.2

REGISTERED NUMBER: 02626373 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2018

FOR

GORDON PLACE MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A Grossman

A J Jackson

J S Grossman

M E A Mills

E J Trim

L G Browning

J Bentley

A J Jackson

L M Sutton

M L Hamilton

R J Fitzgerald

J A Turner

T A Walsh

SECRETARY:

Sutherland Corporate Services Limited

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh on Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

02626373 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Chartered Accountants

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

BANKERS:

Barclays Bank plc

174 High Street

Southend on Sea

Essex

SS1 1JS

The directors present their report with the financial statements of the company for the year ended 30th June 2018.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the ownership and administration of the

freehold of the properties at Napier Court and Sunningdale Court, Gordon Place, Southend on Sea, Essex.

In compliance with the guidance contained ICAEW publication Tech 3/11 and FRC UITF publication 92 (withdrawn),

the company advises that it considers itself as disclosed agent for the service charges of Napier Court and Sunningdale

Court. All service charge fund balances, monies and expenditures, are separately reported in the financial statements of

those properties.

The lessees can obtain the financial information from the managing agent Wheeldon & Deacon who historically deal

with the administration of the service charge funds up to 30th June 2018. Rylands Associated Ltd took over the

administration of Gordon Place Management Company Limited as from 1st July 2018.

DIRECTORS

A Grossman has held office during the whole of the period from 1st July 2017 to the date of this report.

Other changes in directors holding office are as follows:

Mrs L M Challis-Wagstaff - resigned 24th August 2017

A J Jackson - appointed 14th March 2018

S Wood - resigned 25th October 2017

J S Grossman - appointed 21st February 2018

M E A Mills - appointed 26th February 2018

E J Trim - appointed 12th March 2018

L G Browning - appointed 12th March 2018

J Bentley - appointed 14th March 2018

A J Jackson - appointed 14th March 2018

L M Sutton - appointed 14th March 2018

M L Hamilton - appointed 10th April 2018

R J Fitzgerald - appointed 10th April 2018

J A Turner - appointed 3rd May 2018

T A Walsh - appointed 1st May 2018

A Jackson has held office during the whole of the period from 1st July 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

L G Browning - Director

26th March 2019

TURNOVER

26,051

25,250

Cost of sales

21,633

23,439

GROSS PROFIT

4,418

1,811

Administrative expenses

4,262

1,786

OPERATING PROFIT

156

25

Interest receivable and similar income

61

13

PROFIT BEFORE TAXATION

217

38

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

217

38

FIXED ASSETS

Tangible assets

3

96

96

CURRENT ASSETS

Debtors

4

302

302

Cash at bank

51,831

51,771

52,133

52,073

CREDITORS

Amounts falling due within one year

5

900

1,057

NET CURRENT ASSETS

51,233

51,016

TOTAL ASSETS LESS CURRENT LIABILITIES

51,329

51,112

CAPITAL AND RESERVES

Called up share capital

102

102

Other reserves

9,450

9,450

Retained earnings

41,777

41,560

SHAREHOLDERS' FUNDS

51,329

51,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26th March 2019 and were signed on its behalf by:

L G Browning - Director

1.	STATUTORY INFORMATION

Gordon Place Management Company 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st July 2017

and 30th June 2018

96

NET BOOK VALUE

At 30th June 2018

96

At 30th June 2017

96

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

302

302

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

1

Other creditors

900

1,056

900

1,057

6.	ULTIMATE CONTROLLING PARTY

There is no controlling party. All residents hold shares and are entitled to vote.