REGISTERED NUMBER: |
VALENTINE COURT MANAGEMENT COMPANY |
(HUNSTANTON) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
REGISTERED NUMBER: |
VALENTINE COURT MANAGEMENT COMPANY |
(HUNSTANTON) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
VALENTINE COURT MANAGEMENT COMPANY |
(HUNSTANTON) LIMITED (REGISTERED NUMBER: 02732276) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 5 |
VALENTINE COURT MANAGEMENT COMPANY |
(HUNSTANTON) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
VALENTINE COURT MANAGEMENT COMPANY |
(HUNSTANTON) LIMITED (REGISTERED NUMBER: 02732276) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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 profit or loss 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. |
VALENTINE COURT MANAGEMENT COMPANY |
(HUNSTANTON) LIMITED (REGISTERED NUMBER: 02732276) |
STATEMENT OF FINANCIAL POSITION - continued |
31 DECEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
VALENTINE COURT MANAGEMENT COMPANY |
(HUNSTANTON) LIMITED (REGISTERED NUMBER: 02732276) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Valentine Court Management Company (Hunstanton) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the variable service charges made on the residents to cover the cost of administering and maintaining the property, together with the ground rent received. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Debtors and prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Creditors | 2,054 | 1,157 |
Corporation tax |
Payments in advance |
VALENTINE COURT MANAGEMENT COMPANY |
(HUNSTANTON) LIMITED (REGISTERED NUMBER: 02732276) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
6. | GENERAL INFORMATION |
Controlling Party |
The company, which is also the landlord, is controlled by the directors, who are also members and tenants of the company. |
Residential Management Company Status |
The service charges and fees received by the company are solely derived from the members. |
Under Section 42 Landlord and Tenant Act 1987 funds received from tenants as variable service charges are held under a statutory trust, and, accordingly, these funds being held for the benefit of the tenants, are held in the company's bank account. |
In the opinion of the directors the company's activities are fully mutual and for this reason it is considered that there is no requirement for a separate bank account, outside the company, to be set up to hold surplus funds. |
During the year the company paid a £247 (2022 £243) premium in respect of Directors and Officers liability insurance for the protection of the directors. |