Village Close Management Company Limited - Period Ending 2022-12-31
Village Close Management Company Limited - Period Ending 2022-12-31
Registration number:
Village Close Management Company Limited
for the Year Ended 31 December 2022
Village Close Management Company Limited
Contents
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Village Close Management Company Limited
(Registration number: 07820931)
Balance Sheet as at 31 December 2022
|
Note |
2022 |
2021 |
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
1 |
1 |
|
|
Reserve fund |
5,050 |
5,040 |
|
|
Income and expenditure reserve |
3,666 |
2,831 |
|
|
Total equity |
8,717 |
7,872 |
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 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.
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
|
......................................... |
Village Close Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
UK
|
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 of the service charges raised to the lessees to fund expenditure incurred in the management of the properties during the year.
Tax
The tax expense for the period comprises current tax.
The current 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 taxable income.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Village Close Management Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
|
Debtors |
|
2022 |
2021 |
|
|
Trade debtors |
|
|
|
Prepayments |
|
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
2022 |
2021 |
|
|
Due within one year |
||
|
Trade creditors |
- |
|
|
Taxation and social security |
|
- |
|
|
|