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Registration number: 05420087

The Spinnaker Quay Management Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

The Spinnaker Quay Management Company Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 5

 

The Spinnaker Quay Management Company Limited

Company Information

Directors

Mr D R Porter

Mr D B Griffith

Mrs M J Griffith

Mr E J R Cavanagh

Dr R J Uncles

Ms P A Johnson

Mr M B Summers

Mr G R Halladay

Mr P A Evitts

Company secretary

Ms C Y Evitts

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Spinnaker Quay Management Company Limited
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Spinnaker Quay Management Company Limited for the year ended 30 April 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Spinnaker Quay Management Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Spinnaker Quay Management Company Limited and state those matters that we have agreed to state to the Board of Directors of The Spinnaker Quay Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Spinnaker Quay Management Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Spinnaker Quay Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Spinnaker Quay Management Company Limited. You consider that The Spinnaker Quay Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Spinnaker Quay Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

14 August 2024

 

The Spinnaker Quay Management Company Limited

(Registration number: 05420087)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

70

Cash at bank and in hand

 

19,269

34,178

 

19,269

34,248

Creditors: Amounts falling due within one year

5

(1,596)

(1,598)

Net assets

 

17,673

32,650

Capital and reserves

 

Substantial maintenance reserve

8,000

23,000

Retained earnings

9,673

9,650

Shareholders' funds

 

17,673

32,650

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 August 2024 and signed on its behalf by:
 

.........................................

Dr R J Uncles

Director

 

The Spinnaker Quay Management Company Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a incorporated in England .

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

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
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Revenue recognition

Turnover comprises the value of management charge contributions relievable from tenants during the year. The company recognises revenue on the month the payment becomes due fro each tenant.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

4

Debtors

2024
£

2023
£

Trade debtors

-

70

-

70

 

The Spinnaker Quay Management Company Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,596

1,598

6

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute a maximum not exceeding £1 towards the assets of the company in the event of liquidation. It has been agreed with HM Revenue and Customs that the company be treated as dormant for corporation tax purposes.