Village Close Management Company Limited 07820931 false 2023-01-01 2023-06-30 2023-06-30 The principal activity of the company is residential property management. Digita Accounts Production Advanced 6.30.9574.0 true 07820931 2023-01-01 2023-06-30 07820931 2023-06-30 07820931 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07820931 bus:SmallEntities 2023-01-01 2023-06-30 07820931 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-06-30 07820931 bus:FullAccounts 2023-01-01 2023-06-30 07820931 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-06-30 07820931 bus:RegisteredOffice 2023-01-01 2023-06-30 07820931 bus:CompanySecretaryDirector1 2023-01-01 2023-06-30 07820931 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-06-30 07820931 countries:EnglandWales 2023-01-01 2023-06-30 07820931 2022-01-01 2022-12-31 07820931 2022-12-31 07820931 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 07820931

Village Close Management Company Limited

Unaudited Financial Statements

for the Period from 1 January 2023 to 30 June 2023

 

Village Close Management Company Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Village Close Management Company Limited

(Registration number: 07820931)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

44

525

Cash at bank and in hand

 

11,251

8,194

 

11,295

8,719

Creditors: Amounts falling due within one year

5

(1,698)

(2)

Net assets

 

9,597

8,717

Capital and reserves

 

Called up share capital

1

1

Reserve fund

5,040

5,050

Income and expenditure reserve

4,556

3,666

Total equity

 

9,597

8,717

For the financial period ending 30 June 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 July 2024
 

.........................................
Ms D O'Brien
Company secretary and director

 

Village Close Management Company Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Riverside House
Three Trading Estate
River Lane
Chester
Cheshire
CH4 8RQ

2

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

The financial statements have been prepared under the historical cost convention in accordance with 'The Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

This company is responsible for the management of Village Close development and collects service charges from the lessees in order to fund expenditure incurred in the management of the properties.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises of the service charges raised to the lessees to fund expenditure incurred in the management of the properties during the year.

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

Village Close Management Company Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

-

480

Prepayments

44

45

 

44

525

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,550

-

Taxation and social security

8

2

Accruals and deferred income

140

-

1,698

2