6 Queens Gardens Management Limited FILLETED ACCOUNTS COVER
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Company No. 03267266
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6 Queens Gardens Management Limited BALANCE SHEET REGISTRAR
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at
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Company No.
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Notes
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2019
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2018
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£
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£
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Fixed assets
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Tangible assets
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2
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Current assets
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Debtors
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3
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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4
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(
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(
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Net current assets
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Total assets less current liabilities
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Net assets
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Capital and reserves
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Called up share capital
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Revaluation reserve
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5
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(
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Capital redemption reserve
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5
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Total equity
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 23 April 2019
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And signed on its behalf by:
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Mr. T G J Gibbon
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Director
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6 Queens Gardens Management Limited NOTES TO THE ACCOUNTS REGISTRAR
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for the year ended 31 March 2019
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1
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Accounting policies
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Basis of preparation
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Freehold investment property
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No depreciation is provided in respect of investment properties. |
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Trade and other debtors
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Trade and other creditors
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Leased assets
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Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. |
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Provisions
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Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. |
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2
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Tangible fixed assets
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Land and buildings
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Total
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£
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£
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Cost or revaluation
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At 1 April 2018
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At 31 March 2019
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Net book values
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At 31 March 2019
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At 31 March 2018
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3
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Debtors
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2019
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2018
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£
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£
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Other debtors
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Prepayments and accrued income
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4
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Creditors:
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amounts falling due within one year
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2019
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2018
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£
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£
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Other creditors
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Accruals and deferred income
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5
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Reserves
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Revaluation Reserve
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Capital redemption reserve
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Total other reserves
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£
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£
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£
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At 1 April 2017
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Movement on revaluation reserve
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(
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(
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Transfers
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(
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(
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At 31 March 2018 and 1 April 2018
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(
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Movement on revaluation reserve
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Transfers
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At 31 March 2019
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6
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Related party disclosures
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Controlling party
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Immediate controlling party
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7
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Additional information
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Its registered number is:
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Its registered office is:
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