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REGISTERED NUMBER: 03188056 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

VICTORIA QUAYS MANAGEMENT
SERVICES LIMITED

VICTORIA QUAYS MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03188056)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VICTORIA QUAYS MANAGEMENT
SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: Ms A M C Browne
Mr M Greenhalgh
Mr E Rodgers
Dr R E L Barlow
Mr D K Webb





SECRETARY: J H Watson Property Management Limited





REGISTERED OFFICE: Glendevon House
4 Hawthorn Park
Coal Road
Leeds
LS14 1PQ





REGISTERED NUMBER: 03188056 (England and Wales)





AUDITORS: Fortus Audit LLP
Chartered Accountants & Statutory Auditors
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

VICTORIA QUAYS MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03188056)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 184,033 187,947

CURRENT ASSETS
Debtors 5 24,210 20,695
Cash at bank 191,814 156,657
216,024 177,352
CREDITORS
Amounts falling due within one year 6 14,967 14,761
NET CURRENT ASSETS 201,057 162,591
TOTAL ASSETS LESS CURRENT LIABILITIES 385,090 350,538

CAPITAL AND RESERVES
Called up share capital 7 95 95
Retained earnings 384,995 350,443
SHAREHOLDERS' FUNDS 385,090 350,538

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





Ms A M C Browne - Director


VICTORIA QUAYS MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03188056)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Victoria Quays Management Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents the total of service charges invoiced to tenants during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
CCTV system - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

VICTORIA QUAYS MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03188056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Freehold CCTV
property system Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 212,615 4,128 216,743
DEPRECIATION
At 1 April 2022 24,668 4,128 28,796
Charge for year 3,914 - 3,914
At 31 March 2023 28,582 4,128 32,710
NET BOOK VALUE
At 31 March 2023 184,033 - 184,033
At 31 March 2022 187,947 - 187,947

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Service charges due 9,054 7,257
Prepayments 15,156 13,438
24,210 20,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Receipts in advance 6,995 8,847
Corporation tax 489 570
Creditors and accruals 7,483 5,344
14,967 14,761

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
91 Ordinary 1 95 95

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Dixon ACA (Senior Statutory Auditor)
for and on behalf of Fortus Audit LLP