No. 5 Greenhill Management Limited - Period Ending 2021-12-31

No. 5 Greenhill Management Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 9

No. 5 Greenhill Management Limited

Company Information

Directors

S C Fowley J M James Ms C A Taylor A R Adams J H Stenlake P S Drewett Mrs J Y Thick

Company secretary

Dickinson Bowden Secretarial Services Limited

Registered office

62 High West Street Dorchester Dorset DT1 1UY

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

No. 5 Greenhill Management Limited

Directors' Report for the Year Ended 31 December 2021

The directors present their report and the financial statements for the year ended 31 December 2021.

Directors of the company

The directors who held office during the year were as follows:

S C Fowley

J M James

G Morrow (ceased 29 September 2021)

Ms C A Taylor

A R Adams

J H Stenlake (appointed 8 March 2021)

P S Drewett (appointed 3 November 2021)

Mrs J Y Thick (appointed 13 October 2021)

Principal activity

The principal activity of the company continued to be the provision of property management services. The development consists of 10 leasehold apartments situated at 5 Greenhill, Weymouth, Dorset. The company purchased the freehold reversion on 3 February 2014, subject to the unexpired leases on the 10 leasehold apartments.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 6 September 2022 and signed on its behalf by:

Dickinson Bowden Secretarial Services Limited Company secretary

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
No. 5 Greenhill Management Limited
for the Year Ended 31 December 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of No. 5 Greenhill Management Limited for the year ended 31 December 2021 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of No. 5 Greenhill Management Limited, as a body, in accordance with the terms of our engagement letter dated 30 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of No. 5 Greenhill Management Limited and state those matters that we have agreed to state to the Board of Directors of No. 5 Greenhill Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than No. 5 Greenhill Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that No. 5 Greenhill Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of No. 5 Greenhill Management Limited. You consider that No. 5 Greenhill Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of No. 5 Greenhill Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

20 September 2022

No. 5 Greenhill Management Limited

Profit and Loss Account
for the Year Ended 31 December 2021

	2021   £	2020   £
Turnover	14,110	15,705
Administrative expenses	(15,258)	(14,506)
Operating (loss)/profit	(1,148)	1,199
(Loss)/profit before tax	(1,148)	1,199
Taxation	-	-
(Loss)/profit for the financial year	(1,148)	1,199

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

No. 5 Greenhill Management Limited

(Registration number: 05223109)
Balance Sheet as at 31 December 2021

	Note	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	4		11,788		11,853
Current assets
Debtors	5	2,898		2,332
Cash at bank and in hand		22,559		21,923
		25,457		24,255
Creditors: Amounts falling due within one year	6	(4,669)		(2,384)
Net current assets			20,788		21,871
Net assets			32,576		33,724
Capital and reserves
Called up share capital		10		10
Depreciation fund		20,908		22,056
Freehold reversion reserve		11,658		11,658
Profit and loss account		-		-
			32,576		33,724

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised for issue by the Board on 6 September 2022 and signed on its behalf by:
 

J H Stenlake

Director

No. 5 Greenhill Management Limited

Statement of Changes in Equity
for the Year Ended 31 December 2021

	Share capital £	Freehold reversion reserve £	Depreciation fund £	Profit and loss account £	Total £
At 1 January 2021	10	11,658	22,056	-	33,724
Loss for the year	-	-	-	(1,148)	(1,148)
Total comprehensive income	-	-	-	(1,148)	(1,148)
Transfers	-	-	(1,148)	1,148	-
At 31 December 2021	10	11,658	20,908	-	32,576

	Share capital £	Freehold reversion reserve £	Depreciation fund £	Profit and loss account £	Total £
At 1 January 2020	10	11,658	20,857	-	32,525
Profit for the year	-	-	-	1,199	1,199
Total comprehensive income	-	-	-	1,199	1,199
Transfers	-	-	1,199	(1,199)	-
At 31 December 2020	10	11,658	22,056	-	33,724

No. 5 Greenhill Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
62 High West Street
Dorchester
Dorset
DT1 1UY
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Gardening equipment	20% Straight line
Freehold land and buildings	Not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

No. 5 Greenhill Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2021

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2020 - 0). The average number of directors on the board during the year was 7 (2020 - 5)

4	Tangible assets

	Freehold land and buildings £	Gardening Equipment  £	Total £
Cost
At 1 January 2021	11,658	325	11,983
At 31 December 2021	11,658	325	11,983
Depreciation
At 1 January 2021	-	130	130
Charge for the year	-	65	65
At 31 December 2021	-	195	195
Carrying amount
At 31 December 2021	11,658	130	11,788
At 31 December 2020	11,658	195	11,853

5

Debtors

	2021 £	2020 £
Amounts due from lessees	700	208
Prepayments	2,198	2,124
	2,898	2,332

No. 5 Greenhill Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2021

6

Creditors

	2021 £	2020 £
Due within one year
Amounts received in advance	2,638	1,641
Other creditors and accruals	2,031	743
	4,669	2,384