Pembroke Gardens Close Man. Co. Limited - Limited company accounts 20.1

REGISTERED NUMBER: 03269756 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

For The Year Ended 31 March 2020

for

PEMBROKE GARDENS CLOSE 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 J Ndoca

J W B Gibbs

A Stafford-Deitsch

P V Nash

C D Woodward

SECRETARY:

Q1 Professional Service Limited

REGISTERED OFFICE:

Thamesbourne Lodge

Station Road

Bourne End

Buckinghamshire

SL8 5QR

REGISTERED NUMBER:

03269756 (England and Wales)

ACCOUNTANTS:

Lees-Buckley & Co, Chartered Accountants

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

The directors present their report with the financial statements of the company for the year ended 31 March 2020.

PRINCIPAL ACTIVITY

The company's principal activity during the year was the maintenance of the common parts of Pembroke Gardens Close, London W.8.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2019 to the date of this report.

A J Ndoca

J W B Gibbs

A Stafford-Deitsch

P V Nash

C D Woodward

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:

J W B Gibbs - Director

18 November 2020

TURNOVER

-

Administrative Expenses

(4,722

)

(17,667

)

Service Charge Expenditure &

Sinking Fund Transfers

(77,238

)

(156,725

)

(81,960

)

(174,392

)

Other operating income

3

81,960

174,392

OPERATING SURPLUS and

SURPLUS BEFORE TAXATION

-

Tax on surplus

-

SURPLUS FOR THE FINANCIAL YEAR

-

CURRENT ASSETS

Debtors

5

84,170

75,654

CREDITORS

Amounts falling due within one year

6

6,371

18,721

NET CURRENT ASSETS

77,799

56,933

TOTAL ASSETS LESS CURRENT
LIABILITIES

77,799

56,933

SINKING FUND FOR FUTURE

NON ANNUAL EXPENDITURE

7

77,799

56,933

NET LIABILITIES

-

RESERVES

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 surplus or deficit 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 applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2020 and were signed on its behalf by:

J W B Gibbs - Director

1.	STATUTORY INFORMATION

Pembroke Gardens Close Management Company Limited is a private company, limited by guarantee , 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 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.

3.	OTHER OPERATING INCOME

Operating income is in respect of the maintenance of the common parts of Pembroke Gardens Close, London W8, company administrative expenses recovered from the owners of the properties in the close and property access licence fees.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

Lessee Arrears

5,762

10,279

Other debtors

150

3,169

Funds Held By Managing Agents

75,508

61,556

Prepayments and accrued income

2,750

650

84,170

75,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

Lessee account balances

1,011

906

Income tax

25

33

Other creditors

133

-

Accrued expenses

5,202

17,782

6,371

18,721

7.	SINKING FUND FOR FUTURE

NON ANNUAL EXPENDITURE

31.03.20

31.03.19

£

At 1st April 2019

56,933

221,961

Interest Received

101

132

Transfer To Reserve In The Year

20,765

0

Transfer From Reserve To Fund Non Annual Expenditure

0

(165,160

)

At 31st March 2020

77,799

56,933

8.

CAPITAL

The company is limited by guarantee, and consequently has no share capital.