No. 5 Greenhill Management Limited - Period Ending 2022-12-31

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 N C Parker Mrs I J Michaels

Company secretary

Templehill Property Management Limited

Registered office

49 High West Street Dorchester Dorset DT1 1UT

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 2022

The directors present their report and the financial statements for the year ended 31 December 2022.

Directors of the company

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

S C Fowley

J M James

Ms C A Taylor

A R Adams

J H Stenlake

P S Drewett

Mrs J Y Thick (ceased 1 July 2022)

N C Parker (appointed 23 June 2022)

Mrs I J Michaels (appointed 23 November 2022)

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 12 September 2023 and signed on its behalf by:

Templehill Property Management 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 2022

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 2022 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 profit 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

25 September 2023

No. 5 Greenhill Management Limited

Profit and Loss Account
for the Year Ended 31 December 2022

	2022   £	2021   £
Turnover	17,500	14,110
Administrative expenses	(15,867)	(15,258)
Operating profit/(loss)	1,633	(1,148)
Profit/(loss) before tax	1,633	(1,148)
Taxation	-	-
Profit/(loss) for the financial year	1,633	(1,148)

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 2022

	Note	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	4		11,723		11,788
Current assets
Debtors	5	3,654		2,898
Cash at bank and in hand		22,452		22,559
		26,106		25,457
Creditors: Amounts falling due within one year	6	(3,620)		(4,669)
Net current assets			22,486		20,788
Net assets			34,209		32,576
Capital and reserves
Called up share capital		10		10
Depreciation fund		22,541		20,908
Freehold reversion reserve		11,658		11,658
Profit and loss account		-		-
			34,209		32,576

For the financial year ending 31 December 2022 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 by the Board on 12 September 2023 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 2022

	Share capital £	Freehold reversion reserve £	Depreciation fund £	Profit and loss account £	Total £
At 1 January 2022	10	11,658	20,908	-	32,576
Profit for the year	-	-	-	1,633	1,633
Total comprehensive income	-	-	-	1,633	1,633
Transfers	-	-	1,633	(1,633)	-
At 31 December 2022	10	11,658	22,541	-	34,209

	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

No. 5 Greenhill Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

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:
49 High West Street
Dorchester
Dorset
DT1 1UT
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The cost of acquiring the freehold reversion of No. 5 Greenhill Management Limited is not depreciated as its value is higher than cost.

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

No. 5 Greenhill Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

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.

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 (2021 - 0). The average number of directors on the board during the year was 8 (2021 - 7)

4	Tangible assets

	Freehold land and buildings £	Gardening Equipment  £	Total £
Cost
At 1 January 2022	11,658	325	11,983
At 31 December 2022	11,658	325	11,983
Depreciation
At 1 January 2022	-	195	195
Charge for the year	-	65	65
At 31 December 2022	-	260	260
Carrying amount
At 31 December 2022	11,658	65	11,723
At 31 December 2021	11,658	130	11,788

5

Debtors

	2022 £	2021 £
Amounts due from lessees	843	700
Prepayments	2,811	2,198
	3,654	2,898

No. 5 Greenhill Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

6

Creditors

	2022 £	2021 £
Due within one year
Amounts received in advance	1,288	2,638
Other creditors and accruals	2,332	2,031
	3,620	4,669