ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

MARSTON GATE MANAGEMENT COMPANY LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2021-01-312021-01-312020-02-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03696969 2020-02-01 2021-01-31 03696969 2019-02-01 2020-01-31 03696969 2021-01-31 03696969 2020-01-31 03696969 c:Director1 2020-02-01 2021-01-31 03696969 d:CurrentFinancialInstruments 2021-01-31 03696969 d:CurrentFinancialInstruments 2020-01-31 03696969 d:CurrentFinancialInstruments d:WithinOneYear 2021-01-31 03696969 d:CurrentFinancialInstruments d:WithinOneYear 2020-01-31 03696969 d:ShareCapital 2021-01-31 03696969 d:ShareCapital 2020-01-31 03696969 c:FRS102 2020-02-01 2021-01-31 03696969 c:AuditExempt-NoAccountantsReport 2020-02-01 2021-01-31 03696969 c:FullAccounts 2020-02-01 2021-01-31 03696969 c:PrivateLimitedCompanyLtd 2020-02-01 2021-01-31 iso4217:GBP xbrli:pure

Registered number: 03696969









MARSTON GATE MANAGEMENT COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2021
 
MARSTON GATE MANAGEMENT COMPANY LIMITED
REGISTERED NUMBER: 03696969

BALANCE SHEET
AS AT 31 JANUARY 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
135,227
85,800

Cash at bank and in hand
  
53,522
66,963

  
188,749
152,763

Creditors: amounts falling due within one year
 5 
(187,383)
(151,397)

Net current assets
  
 
 
1,366
 
 
1,366

Total assets less current liabilities
  
1,366
1,366

  

Net assets
  
1,366
1,366


Capital and reserves
  

Called up share capital 
  
1,366
1,366

  
1,366
1,366


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 M Smith
Director

Date: 2 September 2021

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

Page 1
 
MARSTON GATE MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021

1.


General information

Marston 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 January 2021 (2020: year ended 31 January 2020).

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 -3).

Page 2
 
MARSTON GATE MANAGEMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021

4.


Debtors

2021
2020
£
£


Service charge arrears
94,252
58,862

Other debtors
29,830
24,609

Called up share capital not paid
1,000
1,000

Prepayments
10,145
1,329

135,227
85,800



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
91,221
-

Other taxation and social security
-
5,629

Other creditors
22,276
13,644

Accruals and deferred income
73,886
132,124

187,383
151,397


Page 3