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ST. GEORGE'S BUSINESS CENTRE MANAGEMENT COMPANY LIMITED - Company Information

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St George's Business Centre Management Company Limited

Registered Number:02371556

For the year ended 31 March 2023

England and Wales

Unaudited Financial Statements

Registered Number :

02371556

As at 31 March 2023

St George's Business Centre Management Company Limited

Statement of Financial Position

2022

2023

Notes

Current assets

Trade and other receivables

Total assets less current liabilities

Net assets

Capital and reserves

Called up share capital

Shareholders' funds

For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 profit or loss for each financial year in accordance with the requirements

of Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

Mrs E A Jefferson Director

R J Jefferson Director

These financial statements were approved and authorised for issue by the Board on 14 December 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2023

St George's Business Centre Management Company Limited

Notes to the Financial Statements

Statutory Information

St George's Business Centre Management Company Limited is a private limited company, limited by shares,

domiciled in England and Wales, registration number 02371556.

Registered address:

c/o Summit Bookkeeping Ltd

Bryn Awel, Brithdir

Dolgellau

Gwynedd

LL40 2RR

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and

the Companies Act 2006. The financial statements have been prepared under the historical costs convention

as modified by the revaluation of certain assets.

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 equity instruments. If payment is

deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar

debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are

presented as such in the Statement of Financial Position. Finance costs and gains or losses relating to financial

liabilities are included in the Statement of Income and Retained Earnings. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial

liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments

are debited direct to equity.

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For the year ended 31 March 2023

St George's Business Centre Management Company Limited

Notes to the Financial Statements Continued

Related parties

For the purposes of these financial statements, a party is considered to be related to the company if:

i. the party has the ability, directly or indirectly, through one or more intermediaries, to control the

company or exercise significant influence over the company in making financial and operating policy

decisions, or has joint control over the company;

ii. the company and the party are subject to common control;

iii. the party is an associate of the company or a joint venture in which the company is a venture;

iv. the party is a member of key management personnel of the company or the company's parent, or a close

family member of such an individual, or is an entity under the control, joint control or significant influence of

such individuals;

v. the party is a close family member of a party referred to in (i) or is an entity under the control, joint

control or significant influence of such individuals;

vi. the party is a post-employment benefit plan which is for the benefit of employees of the company or of

any entity that is a related party of the company; or

vii. the party, or any member of a group of which it is part, provides key management personnel services to

the company or its parent.

Close family members of an individual are those family members who may be expected to influence, or be

influenced by, that individual in their dealings with the entity.

2. Trade and other receivables

2022

2023

Other debtors

3. Average number of persons employed

During the year the average number of employees was 0 (2022: 0)

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