Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Brian Thomas Budden 12/02/2008 Claire Chambers 06/08/2015 Anthony John Franklin 07/10/2010 Michael Andrew Myers 08/08/2015 Elaine Glynis Pope 03/05/2011 Michael Joseph Ripley 14/08/2012 Anthony John Tomlinson 13/09/2011 04 September 2024 The principal activity of the Company is to manage, maintain and repair the communal areas of St Austell Urban Village. 04548574 2023-12-31 04548574 bus:Director1 2023-12-31 04548574 bus:Director2 2023-12-31 04548574 bus:Director3 2023-12-31 04548574 bus:Director4 2023-12-31 04548574 bus:Director5 2023-12-31 04548574 bus:Director6 2023-12-31 04548574 bus:Director7 2023-12-31 04548574 core:CurrentFinancialInstruments 2023-12-31 04548574 core:CurrentFinancialInstruments 2022-12-31 04548574 2022-12-31 04548574 core:RetainedEarningsAccumulatedLosses 2023-12-31 04548574 core:RetainedEarningsAccumulatedLosses 2022-12-31 04548574 2023-01-01 2023-12-31 04548574 bus:FilletedAccounts 2023-01-01 2023-12-31 04548574 bus:SmallEntities 2023-01-01 2023-12-31 04548574 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04548574 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 04548574 bus:Director1 2023-01-01 2023-12-31 04548574 bus:Director2 2023-01-01 2023-12-31 04548574 bus:Director3 2023-01-01 2023-12-31 04548574 bus:Director4 2023-01-01 2023-12-31 04548574 bus:Director5 2023-01-01 2023-12-31 04548574 bus:Director6 2023-01-01 2023-12-31 04548574 bus:Director7 2023-01-01 2023-12-31 04548574 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 04548574 (England and Wales)

ST AUSTELL URBAN VILLAGE MANAGEMENT COMPANY LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ST AUSTELL URBAN VILLAGE MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ST AUSTELL URBAN VILLAGE MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
ST AUSTELL URBAN VILLAGE MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
2023 2022
£ £
Current assets
Debtors 3 11,140 15,028
Cash at bank and in hand 1,924 3,622
13,064 18,650
Creditors: amounts falling due within one year 4 ( 14,548) ( 22,655)
Net current liabilities (1,484) (4,005)
Total assets less current liabilities (1,484) (4,005)
Net liabilities ( 1,484) ( 4,005)
Reserves
Profit and loss account ( 1,484 ) ( 4,005 )
Total reserves ( 1,484) ( 4,005)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of St Austell Urban Village Management Company Limited (registered number: 04548574) were approved and authorised for issue by the Board of Directors on 04 September 2024. They were signed on its behalf by:

Michael Andrew Myers
Director
ST AUSTELL URBAN VILLAGE MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ST AUSTELL URBAN VILLAGE MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

St Austell Urban Village Management Company Limited (the Company) is a private company limited by guarantee without share capital, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales, registered number 04548574. The address of the Company's registered office is Belmont Property Management, Daniell House, Falmouth Road, Truro, Cornwall, TR1 2HX.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of the Company is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates. The financial statements have been rounded to the nearest £1 throughout.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 7

3. Debtors

2023 2022
£ £
Trade debtors 10,900 15,028
Other debtors 240 0
11,140 15,028

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,305 388
Accruals 3,754 12,654
Other creditors 8,489 9,613
14,548 22,655

5. Liability of members

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.