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Registration number: 13646526

Management Company Vine Court Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Management Company Vine Court Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 7

Detailed Profit and Loss Account

8 to 9

 

Management Company Vine Court Limited

Company Information

Directors

Scott Aaron Folan

Yvonne Lynn Mitchell

Carly Amelia Welton

Registered office

Flat 3 Vine Court
Green End Road
Hemel Hempstead
HP1 1QR

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Management Company Vine Court Limited

Directors' Report for the Year Ended 30 September 2023

The directors present their report and the financial statements for the year ended 30 September 2023.

Directors of the company

The directors who held office during the year were as follows:

Scott Aaron Folan (appointed 22 November 2022)

Yvonne Lynn Mitchell (appointed 22 November 2022)

Ricky Lee Harrison (ceased 22 November 2022)

Rebecca Kingston (appointed 22 November 2022 and ceased 12 November 2023)

Carly Amelia Welton (appointed 26 November 2022)

Principal activity

The principal activity of the company is is that of residents property management.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 4 March 2024 and signed on its behalf by:
 

.........................................
Scott Aaron Folan
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Management Company Vine Court Limited
for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Management Company Vine Court Limited for the year ended 30 September 2023 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/
rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Management Company Vine Court Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Management Company Vine Court Limited and state those matters that we have agreed to state to the Board of Directors of Management Company Vine Court Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Management Company Vine Court Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Management Company Vine Court Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Management Company Vine Court Limited. You consider that Management Company Vine Court 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 Management Company Vine Court 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.





Ross + Partners
Chartered Certified Accountants


Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

4 March 2024

 

Management Company Vine Court Limited

Profit and Loss Account for the Year Ended 30 September 2023

Note

2023
£

2022
£

Turnover

 

1,945

-

Administrative expenses

 

(1,945)

-

Operating surplus/(deficit)

 

-

-

Surplus/(deficit) before tax

-

-

Surplus/(deficit) for the financial year

 

-

-

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Management Company Vine Court Limited

(Registration number: 13646526)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

306

-

Cash at bank and in hand

 

264

-

 

570

-

Creditors: Amounts falling due within one year

5

(570)

-

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

For the financial year ending 30 September 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 March 2024 and signed on its behalf by:
 

.........................................
Scott Aaron Folan
Director

 

Management Company Vine Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 0).

3

Taxation

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2023
£

2022
£

Corporation Tax

-

-

4

Debtors

Current

2023
£

2022
£

Deferred expenditure fund

306

-

 

Management Company Vine Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals

570

-

 

Management Company Vine Court Limited

Detailed Profit and Loss Account for the Year Ended 30 September 2023

2023
 £

2022
 £

Turnover (analysed below)

1,945

-

Gross surplus (%)

100%

0%

Administrative expenses

(1,945)

-

Operating surplus/(deficit)

-

-

Surplus/(deficit) before tax

-

-

 

Management Company Vine Court Limited

Detailed Profit and Loss Account for the Year Ended 30 September 2023

2023
£

2022
£

   

Turnover

Service charge receivable

1,945

-

   

General administrative expenses

Light, heat and power

(1,149)

-

Insurance

(532)

-

Sundry expenses

(90)

-

Accountancy fees

(480)

-

Deferred expenditure fund

306

-

(1,945)

-