REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Park Villas Management |
Company Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Park Villas Management |
Company Limited |
Park Villas Management |
Company Limited (Registered number: 01672855) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Park Villas Management |
Company Limited (Registered number: 01672855) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Robinwood | 6 |
Fernwood Court | 6 |
Estate | 6 |
Fernwood Houses | 6 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
Park Villas Management |
Company Limited (Registered number: 01672855) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Park Villas Management Company Limited is a private company, limited by shares, registered in England. Its registered office address is Jason House, Kerry Hill, Horsforth, Leeds,LS18 4JR and its registered number is 01672855. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents contributions from members under the terms of their respective leases. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Service charge and levy owing |
Prepayments and other debtors |
A balance due from members of £1,275,263 for a one-off major works levy is included in Service charge and levy owing. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Service charge in advance |
Taxation and social security |
Accrued expenses |
6. | RESERVES |
Retained | Fernwood |
earnings | Robinwood | Court |
£ | £ | £ |
At 1 January 2023 |
Profit for the year |
Transfer | (1,384,352 | ) | 709,372 | 176,078 |
At 31 December 2023 |
Park Villas Management |
Company Limited (Registered number: 01672855) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
6. | RESERVES - continued |
Fernwood |
Estate | Houses | Totals |
£ | £ | £ |
At 1 January 2023 | 150,251 |
Profit for the year |
Transfer | 806 | 498,096 | - |
At 31 December 2023 | 1,534,603 |