ACCOUNTS - Final Accounts

PROLOGIS PARK BROMFORD GATE MANAGEMENT COMPANY LIMITED - Company Information

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Registered number: 06940506

PROLOGIS PARK BROMFORD GATE MANAGEMENT COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2019

PROLOGIS PARK BROMFORD GATE MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 06940506

BALANCE SHEET

AS AT 31 DECEMBER 2019

		2019		2018
Note		£		£


Current assets
Debtors due within 1 year		39,867		39,984
Cash at bank and in hand		63,122		32,799
		102,989		72,783
Creditors: amounts falling due within one year	5	(102,963)		(72,757)
Net current assets			26		26
Total assets less current liabilities			26		26
Net assets			26		26

Capital and reserves
Called up share capital	6	26	26
		26	26

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N D Smith

Director

Date: 28 October 2020

The notes on pages 2 to 3 form part of these financial statements.

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PROLOGIS PARK BROMFORD GATE MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

1.	General information

Prologis Park Bromford Gate Management Company Limited is a limited liability company incorporated and domiciled in England. The registered office is shown on the Company Information page.
The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 31 December 2019 (2018: year ended 31 December 2018).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Service charge income

Service charge income represents maintenance, management and administration costs recoverable from owners or occupiers of units on the site, exclusive of Value Added Tax. Amounts are charged quarterly on account and any surplus or deficit are refunded or recharged to the relevant parties.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2018 -2).

Page 2

PROLOGIS PARK BROMFORD GATE MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

Debtors

					2019	2018
					£	£


Trade debtors	37,313	39,891
Other debtors	1,559	-
Service charge deficit to be charged	902	-
Called up share capital not paid	26	26
Prepayments and accrued income	67	67
	39,867	39,984

5.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Trade creditors	-	2,655
Other taxation and social security	1,153	892
Other creditors	36,745	21,660
Accruals and deferred income	65,065	47,550
	102,963	72,757

6.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

26 (2018 -26) Ordinary Shares shares of £1 each	26	26

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