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REGISTERED NUMBER: 02732276 (England and Wales)















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: Mrs B A Thurston
Mr S J Thurston





SECRETARY: Mrs C Gregg





REGISTERED OFFICE: 20 Kings Lynn Road
Hunstanton
Norfolk
PE36 5HP





BUSINESS ADDRESS: 3 Valentine Court
Valentine Road
Hunstanton
Norfolk
PE36 5NP





REGISTERED NUMBER: 02732276 (England and Wales)






VALENTINE COURT MANAGEMENT COMPANY
(HUNSTANTON) LIMITED (REGISTERED NUMBER: 02732276)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 3,407 2,217
Cash at bank and in hand 22,764 14,085
26,171 16,302
CREDITORS
Amounts falling due within one year 5 10,920 5,840
NET CURRENT ASSETS 15,251 10,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,251

10,462

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 15,243 10,454
SHAREHOLDERS' FUNDS 15,251 10,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 6 March 2024 and were signed on its behalf by:




Mrs B A Thurston - Director



Mr S J Thurston - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

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 3,407 2,217

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Creditors 2,054 1,157
Corporation tax 1,241 483
Payments in advance 7,625 4,200
10,920 5,840

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.