Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr R Smith 31/03/2017 08 September 2023 The principal activity of the Company during the financial year was that of property management. 03612569 2023-04-30 03612569 bus:Director1 2023-04-30 03612569 core:CurrentFinancialInstruments 2023-04-30 03612569 core:CurrentFinancialInstruments 2022-04-30 03612569 2022-04-30 03612569 core:RetainedEarningsAccumulatedLosses 2023-04-30 03612569 core:RetainedEarningsAccumulatedLosses 2022-04-30 03612569 2022-05-01 2023-04-30 03612569 bus:FullAccounts 2022-05-01 2023-04-30 03612569 bus:SmallEntities 2022-05-01 2023-04-30 03612569 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03612569 bus:CompanyLimitedByGuarantee 2022-05-01 2023-04-30 03612569 bus:Director1 2022-05-01 2023-04-30 03612569 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Company No: 03612569 (England and Wales)

ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
2023 2022
£ £
Current assets
Debtors 3 13,758 10,758
Cash at bank and in hand 123,886 128,913
137,644 139,671
Creditors: amounts falling due within one year 4 ( 32,014) ( 8,602)
Net current assets 105,630 131,069
Total assets less current liabilities 105,630 131,069
Net assets 105,630 131,069
Reserves
Profit and loss account 105,630 131,069
Total reserves 105,630 131,069

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of St. Clements Vean Management Company Limited (registered number: 03612569) were approved and authorised for issue by the Director on 08 September 2023. They were signed on its behalf by:

Mr R Smith
Director
ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

St. Clements Vean Management Company Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Daniell House, Falmouth Road, Truro, TR1 2HX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Debtors

2023 2022
£ £
Other debtors 13,758 10,758

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,692 1,005
Accruals 1,833 2,556
Other creditors 27,489 5,041
32,014 8,602

5. Liability of members

The members of the St. Clements Vean Management Company Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.