Village Close Management Company Limited - Period Ending 2018-12-31

Registration number: 07820931

Village Close Management Company Limited

Unaudited Financial Statements

for the Period from 1 November 2017 to 31 December 2018

Alextra Group Ltd
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Village Close Management Company Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Village Close Management Company Limited

(Registration number: 07820931)
Balance Sheet as at 31 December 2018

	Note	2018 £	2017 £
Current assets
Debtors	3	315	405
Cash at bank and in hand		4,602	3,910
		4,917	4,315
Creditors: Amounts falling due within one year	4	(4,917)	(4,315)
Net assets/(liabilities)		-	-
Capital and reserves
Total equity		-	-

For the financial period ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 22 May 2019
 

.........................................

Mr PC Abbott
Director

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

Page 1

Village Close Management Company Limited

Notes to the Financial Statements for the Period from 1 November 2017 to 31 December 2018

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:
Barn 1
Somerford Business Court
Somerford
Congleton
Cheshire
CW12 4SN
UK

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

The financial statements have been prepared under the historical cost convention in accordance with 'The Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

This company is responsible for the management of Village Close development and collects service charges from the lessees in order to fund expenditure incurred in the management of the properties.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises only the element of the service charges collected from the lessees to fund expenditure incurred in the management of the properties during the year.

3

Debtors

	2018 £	2017 £
Trade debtors	165	235
Prepayments	150	170
	315	405

Page 2

Village Close Management Company Limited

Notes to the Financial Statements for the Period from 1 November 2017 to 31 December 2018

4

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	348	1,088
Other creditors	4,569	3,227
	4,917	4,315

5. Prior year adjustment

The accounts have been restated to incorporate the assets and liabilities of the company. The change has resulted in no amendment to taxation or distributable profits as at 31 December 2017.

Summary of prior year accounting impact
Increase in creditors - Trade creditors £1,088
Increase in creditors - Other creditors £3,227
Increase in debtors - Trade debtors £235
Increase in debtors - Other debtors £170
Increase in cash at bank £3,910

Page 3