Buena Vista Management Company Ltd 06272064 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is residential property management Digita Accounts Production Advanced 6.30.9574.0 true true 06272064 2023-07-01 2024-06-30 06272064 2024-06-30 06272064 core:CurrentFinancialInstruments 2024-06-30 06272064 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 06272064 bus:SmallEntities 2023-07-01 2024-06-30 06272064 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06272064 bus:FilletedAccounts 2023-07-01 2024-06-30 06272064 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06272064 bus:RegisteredOffice 2023-07-01 2024-06-30 06272064 bus:Director1 2023-07-01 2024-06-30 06272064 bus:CompanyLimitedByGuarantee 2023-07-01 2024-06-30 06272064 countries:England 2023-07-01 2024-06-30 06272064 2022-07-01 2023-06-30 06272064 2023-06-30 06272064 core:CurrentFinancialInstruments 2023-06-30 06272064 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 06272064

Buena Vista Management Company Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Buena Vista Management Company Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Buena Vista Management Company Ltd

(Registration number: 06272064)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,131

1,011

Cash at bank and in hand

 

16,898

20,327

 

18,029

21,338

Creditors: Amounts falling due within one year

5

(3,577)

(3,620)

Net assets

 

14,452

17,718

Reserves

 

Profit and loss account

14,452

17,718

Surplus

 

14,452

17,718

For the financial year ending 30 June 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 23 August 2024 and signed on its behalf by:
 


Mrs Elizabeth Backwith
Director

 

Buena Vista Management Company Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Westcotts
Timberly
South Street
Axminster
Devon
EX13 5AD

Principal activity

The principal activity of the company is residential property management

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 in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Buena Vista Management Company Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Prepayments

1,131

1,011

1,131

1,011

 

Buena Vista Management Company Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

3,577

3,620

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.