The Victoria Quay Residents Association Limited 02170421 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the management and administration of freehold land and buildings at Victoria Quay, Truro Digita Accounts Production Advanced 6.30.9574.0 true 02170421 2022-04-01 2023-03-31 02170421 2023-03-31 02170421 core:RetainedEarningsAccumulatedLosses 2023-03-31 02170421 core:ShareCapital 2023-03-31 02170421 core:CurrentFinancialInstruments 2023-03-31 02170421 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02170421 core:LandBuildings 2023-03-31 02170421 bus:SmallEntities 2022-04-01 2023-03-31 02170421 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02170421 bus:FullAccounts 2022-04-01 2023-03-31 02170421 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02170421 bus:RegisteredOffice 2022-04-01 2023-03-31 02170421 bus:Director6 2022-04-01 2023-03-31 02170421 bus:Director7 2022-04-01 2023-03-31 02170421 bus:Director9 2022-04-01 2023-03-31 02170421 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02170421 core:LandBuildings 2022-04-01 2023-03-31 02170421 countries:UnitedKingdom 2022-04-01 2023-03-31 02170421 2022-03-31 02170421 core:LandBuildings 2022-03-31 02170421 2021-04-01 2022-03-31 02170421 2022-03-31 02170421 core:RetainedEarningsAccumulatedLosses 2022-03-31 02170421 core:ShareCapital 2022-03-31 02170421 core:CurrentFinancialInstruments 2022-03-31 02170421 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 02170421 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure

The Victoria Quay Residents Association Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2023

Registration number: 02170421

 

The Victoria Quay Residents Association Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

The Victoria Quay Residents Association Limited

Company Information

Directors

M R Brooks

J D Peach

R R Gilliland

Registered office

C/O Belmont Property Management
Daniell House
Falmouth Road
Truro
Cornwall
TR1 2HX

Accountants

Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

 

The Victoria Quay Residents Association Limited

Balance Sheet

31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

25,001

25,001

Current assets

 

Debtors

5

4,023

6,318

Cash at bank and in hand

 

55,237

42,138

 

59,260

48,456

Creditors: Amounts falling due within one year

6

(18,039)

(18,043)

Net current assets

 

41,221

30,413

Net assets

 

66,222

55,414

Capital and reserves

 

Called up share capital

7

26

26

Profit and loss account

66,196

55,388

Shareholders' funds

 

66,222

55,414

 

The Victoria Quay Residents Association Limited

Balance Sheet

31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 October 2023 and signed on its behalf by:
 

.........................................
M R Brooks
Director

Company Registration Number: 02170421

 

The Victoria Quay Residents Association Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/O Belmont Property Management
Daniell House
Falmouth Road
Truro
Cornwall
TR1 2HX

These financial statements were authorised for issue by the Board on 28 October 2023.

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

These financial statements have been prepared in accordance with 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.

Turnover

Turnover represents service charges receivable. Service charges are recognised when the company fulfils its contractual obligations to residents by supplying services.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Freehold land is stated at cost and is not depreciated

Asset class

Depreciation method and rate

Freehold Land and Buildings

NIL

 

The Victoria Quay Residents Association Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.




 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

25,001

25,001

At 31 March 2023

25,001

25,001

Depreciation

Carrying amount

At 31 March 2023

25,001

25,001

At 31 March 2022

25,001

25,001

The figure for land and buildings include £25,000 being the acquisition cost of the foreshore at Malpas (which is not depreciated) and a nominal value of £1 in respect of the reversionary interest in the freehold of the remaining property.

 

The Victoria Quay Residents Association Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

5

Debtors

2023
£

2022
£

Trade debtors

463

3,363

Prepayments

3,560

2,955

4,023

6,318

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

17,242

16,896

Other creditors

257

607

Accruals and deferred income

540

540

18,039

18,043

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

26

26

26

26