Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-317The company is a residents' property management company which, through the appointed managing agents, undertakes the management and administration of the Little Venice Estate, Little Venice, London W9 under a management scheme approved pursuant to Section 19(1) of the Leasehold Reform Act 1967.2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse6true 02348078 2023-01-01 2023-12-31 02348078 2022-01-01 2022-12-31 02348078 2023-12-31 02348078 2022-12-31 02348078 c:Director4 2023-01-01 2023-12-31 02348078 c:Director7 2023-01-01 2023-12-31 02348078 d:Buildings 2023-12-31 02348078 d:Buildings 2022-12-31 02348078 d:CurrentFinancialInstruments 2023-12-31 02348078 d:CurrentFinancialInstruments 2022-12-31 02348078 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02348078 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02348078 d:ShareCapital 2023-12-31 02348078 d:ShareCapital 2022-12-31 02348078 d:RetainedEarningsAccumulatedLosses 2023-12-31 02348078 d:RetainedEarningsAccumulatedLosses 2022-12-31 02348078 c:FRS102 2023-01-01 2023-12-31 02348078 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02348078 c:FullAccounts 2023-01-01 2023-12-31 02348078 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02348078 2 2023-01-01 2023-12-31 02348078 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02348078










LITTLE VENICE ESTATE MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LITTLE VENICE ESTATE MANAGEMENT LIMITED
 

CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 
LITTLE VENICE ESTATE MANAGEMENT LIMITED
REGISTERED NUMBER: 02348078

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
31,105
31,105

Current assets
  

Debtors: amounts falling due within one year
 5 
110,760
100,591

Creditors: amounts falling due within one year
 6 
(30,065)
(18,039)

Net current assets
  
 
 
80,695
 
 
82,552

  

Net assets
  
111,800
113,657


Capital and reserves
  

Called up share capital 
  
63
63

Profit and loss account
  
111,737
113,594

  
111,800
113,657


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2024.



Kenneth Wright
Edmund J Rolls
Director
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
LITTLE VENICE ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares, incorporated in England. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Rents receivable are credited to the statement of comprehensive income in the year in which the income is due.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

  
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 2

 
LITTLE VENICE ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
LITTLE VENICE ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 6).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2023
31,105



At 31 December 2023

31,105






Net book value



At 31 December 2023
31,105



At 31 December 2022
31,105

Page 4

 
LITTLE VENICE ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
921
-

Other debtors
109,511
100,528

Called up share capital not paid
63
63

Prepayments and accrued income
265
-

110,760
100,591



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to service charge
25,008
13,130

Corporation tax
669
669

Other creditors
100
-

Accruals and deferred income
4,288
4,240

30,065
18,039


 
Page 5