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CARLTON GATE MANAGEMENT COMPANY LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
Carlton Gate Management Company Limited is a limited liability company incorporated in England and Wales with its principal place of business and registered office address at The Tea House, Hall Road, London, United Kingdom, NW8 9RF.
The principal activity of the company continued to be that of managing agent for the residential development known as Carlton Gate.
The company's functional and presentational currency is £ Sterling.
2.
Accounting policies
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Basis of preparation of financial statements
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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
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The following principal accounting policies have been applied:
Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
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Cash and cash equivalents
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Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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The serving directors were the only employees of the company during the current and preceeding year.
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Allotted, called up and fully paid
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1
Developers share of £
10
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276 Ordinary shares of £
10
each
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