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REGISTERED NUMBER: 02383863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE VILLAGE MANAGEMENT COMPANY LIMITED

THE VILLAGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02383863)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE VILLAGE MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: B Ma Siy
J Turner
N Papachristidis
J Bouchon





SECRETARY: Acceptance Company Limited





REGISTERED OFFICE: Old Kingsland Cottage
Kingsland
Newdigate
Dorking
RH5 5DB





REGISTERED NUMBER: 02383863 (England and Wales)





ACCOUNTANTS: H & E Johnson
Chartered Accountants
Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX

THE VILLAGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02383863)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 13,403 26,562
Cash at bank 166,787 169,848
180,190 196,410
CREDITORS
Amounts falling due within one year 6 55,182 60,548
NET CURRENT ASSETS 125,008 135,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,008

135,862

CREDITORS
Amounts falling due after more than one
year

7

153,824

150,563
NET LIABILITIES (28,816 ) (14,701 )

CAPITAL AND RESERVES
Called up share capital 36 36
Retained earnings (28,852 ) (14,737 )
SHAREHOLDERS' FUNDS (28,816 ) (14,701 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




B Ma Siy - Director


THE VILLAGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02383863)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Village Management Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

THE VILLAGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02383863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 4,600
DEPRECIATION
At 1 April 2023
and 31 March 2024 4,600
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,403 26,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,125 9,615
Trade creditors 10,310 20,809
Taxation and social security 827 467
Other creditors 26,920 29,657
55,182 60,548

THE VILLAGE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02383863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Reserve funds20242023
£   £   
Sinking fund104,475105,464
Reserve fund49,34945,099
153,824150,563



The balance on the sinking fund account of £104,475 is represented by the following bank balances:


£   
Hudson 45,841
Lift3,190
Madison 45,788
Garden9,656

104,475