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Company No: 05502058 (England and Wales)

VIT HORN MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

VIT HORN MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

VIT HORN MANAGEMENT LIMITED

BALANCE SHEET

As at 31 July 2023
VIT HORN MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
2023 2022
£ £
Current assets
Debtors 3 7,071 984
Cash at bank and in hand 0 6,398
7,071 7,382
Creditors: amounts falling due within one year 4 ( 736) ( 1,017)
Net current assets 6,335 6,365
Total assets less current liabilities 6,335 6,365
Net assets 6,335 6,365
Capital and reserves
Called-up share capital 100 100
Profit and loss account 6,235 6,265
Total shareholders' funds 6,335 6,365

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

Director's responsibilities:

The financial statements of VIT Horn Management Limited (registered number: 05502058) were approved and authorised for issue by the Director on 07 March 2024. They were signed on its behalf by:

D J French
Director
VIT HORN MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
VIT HORN MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

VIT Horn Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2023 2022
£ £
Amounts owed by related parties 6,636 0
Other debtors 435 984
7,071 984

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts 19 0
Taxation and social security 32 32
Other creditors 685 985
736 1,017