REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
VISION PARK CYGNET MANAGEMENT COMPANY |
LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
VISION PARK CYGNET MANAGEMENT COMPANY |
LIMITED |
VISION PARK CYGNET MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05747663) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
VISION PARK CYGNET MANAGEMENT COMPANY |
LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 March 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 Office Village |
Forder Way |
Cygnet Park, Hampton |
Peterborough |
Cambridgeshire |
PE7 8GX |
VISION PARK CYGNET MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05747663) |
STATEMENT OF FINANCIAL POSITION |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 | ( |
) |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps 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 surplus or deficit for each financial year in accordance with the requirements of Sections 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
VISION PARK CYGNET MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05747663) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Vision Park Cygnet Management Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | 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. |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, |
estimates and assumptions that affect the amounts reported. These estimates and judgements |
are continually reviewed and are based on experience and other factors, including expectations |
of future events that are believed to be reasonable under the circumstances. |
No significant judgements (apart from those involving estimations) have been made by |
management in the process of applying the entity's accounting policies and preparing these |
financial statements. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will |
rarely equal the related actual outcome. There have been no key assumptions or other sources |
of estimation uncertainty that have a significant risk of causing a material adjustment to the |
carrying amounts of assets and liabilities within the next financial year |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Financial instruments |
The company holds basic financial instruments as defined in FRS102. The financial assets and |
financial liabilities of the company and their measurement basis are as follows: |
Financial assets - trade and other debtors are basic financial instruments and are debt |
instruments measured at amortised cost. Prepayments are not financial instruments. Cash at |
bank is classified as a basic financial instrument and is measured at amortised cost. |
Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments |
and are measured at amortised cost. Taxation and social security and not included in the |
financial instruments disclosure definition |
VISION PARK CYGNET MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 05747663) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2023 |
3. | ACCOUNTING POLICIES - continued |
Debtors |
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
Creditors |
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors | ( |
) |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |