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V & L (Residents) Management Limited |
Registered Number:02411915 |
For the year ended 30 December 2022
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 30 December 2022
V & L (Residents) Management Limited
Contents Page
2
Directors' Report
3
Chartered Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
3
For the year ended 30 December 2022
V & L (Residents) Management Limited
Company Information
K E Dobson
Directors
C W Symes
A S Hampson (appointed on 27 January 2023)
Devon Block Management Limited
Company Secretary
02411915
25 Stonehouse Street
Plymouth
PL1 3PE
Turnbull & Co Accountants Limited
Accountants
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
1 of 7
4
For the year ended 30 December 2022
V & L (Residents) Management Limited
Directors' Report
The directors present their report and financial statements for the year ended 30 December 2022.
The principal activity of the company continued to be that of property management. Directors Responsibilities Company law requires the directors to prepare financial statements for each financial year which give a true and fair view. In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is not appropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records, for safeguarding the assets of the company, and for taking reasonable steps for the prevention and detection of fraud and other irregularitites. |
Directors
The directors who served the company throughout the year were as follows:
K E Dobson
H MeddeltonH Meddelton
C W Symes
A S Hampson
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. |
20 November 2023
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5
For the year ended 30 December 2022
V & L (Residents) Management Limited
Chartered Accountants' Report
Chartered Accountants' report to the Directors on the preparation of the unaudited statutory accounts of V & L |
(Residents) Management Limited for the year ended 30 December 2022 |
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts |
of V & L (Residents) Management Limited for the year ended 30 December 2022 which comprise the Income |
Statement, the Statement of Financial Position and the related notes from the company's accounting records and from |
information and explanations you have given us. |
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its |
ethical and other professional requirements which are detailed at |
icaew.com/en/members/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of V & L (Residents) Management Limited, as a body, in |
accordance with the terms of our engagement letter dated 3 September 2022. Our work has been undertaken solely to |
prepare for your approval the accounts of V & L (Residents) Management Limited and state those matters that we |
have agreed to state to the Board of Directors of V & L (Residents) Management Limited, as a body, in this report in |
accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or |
assume responsibility to anyone other than V & L (Residents) Management Limited and its Board of Directors as a |
body for our work or for this report. |
It is your duty to ensure that V & L (Residents) Management Limited has kept adequate accounting records to prepare |
statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of V & L |
(Residents) Management Limited. You consider that V & L (Residents) Management Limited is exempt from the |
statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of V & L (Residents) Management |
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information |
and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. |
Turnbull & Co Accountants Limited
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
22 November 2023
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6
For the year ended 30 December 2022
V & L (Residents) Management Limited
Income Statement
2021
2022
40,685
40,685
40,685
Gross profit
40,685
(55,557)
(78,221)
4,908
-
Operating loss
(9,964)
(37,536)
Other interest receivable and similar income |
26
128
(9,938)
(37,408)
Loss before taxation
(9,938)
Loss for the financial year
(37,408)
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7
V & L (Residents) Management Limited
Statement of Financial Position
2021
2022
Property, plant and equipment |
842
1,122
2
842
1,122
Trade and other receivables |
13,176
8,695
3
26,620
Cash and cash equivalents |
18,402
27,097
39,796
Trade and other payables: amounts falling due within one |
year |
(78,517)
(75,476)
4
(38,721)
(48,379)
Net current liabilities
Total assets less current liabilities |
(47,537)
(37,599)
(47,537)
Net liabilities
(37,599)
(47,612)
(37,674)
75
75
(47,537)
(37,599)
Members' Funds
For the year ended 30 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
statements, so far as applicable to the company. |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 20 November 2023 and were signed by: |
The notes form part of these financial statements |
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8
For the year ended 30 December 2022
V & L (Residents) Management Limited
Notes to the Financial Statements
Statutory Information
V & L (Residents) Management Limited is a private limited company, limited by guarantee, domiciled in England and |
Wales, registration number 02411915. |
25 Stonehouse Street
Plymouth
PL1 3PE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Furniture and Fittings
2. Property, plant and equipment |
7,797
7,796
1
1
7,796
7,797
Provision for depreciation and impairment |
6,675
6,675
-
Charge for year
280
280
-
6,955
6,955
-
1
841
842
1
1,121
1,122
3. Trade and other receivables |
2021
2022
5,323
5,128
3,372
8,048
13,176
8,695
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9
For the year ended 30 December 2022
V & L (Residents) Management Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year |
2021
2022
4,852
8,497
70,624
70,020
75,476
78,517
5. Average number of persons employed |
During the year the average number of employees was 3 (2021 : 3)
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