Viewjoin Property Management Limited 02569537 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the maintenance of flats 1-10, 59/61 Earls Avenue, Folkestone, Kent. Digita Accounts Production Advanced 6.30.9574.0 true true 02569537 2023-04-01 2024-03-31 02569537 2024-03-31 02569537 core:RetainedEarningsAccumulatedLosses 2024-03-31 02569537 core:ShareCapital 2024-03-31 02569537 core:SharePremium 2024-03-31 02569537 core:CurrentFinancialInstruments 2024-03-31 02569537 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02569537 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 02569537 bus:SmallEntities 2023-04-01 2024-03-31 02569537 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02569537 bus:FilletedAccounts 2023-04-01 2024-03-31 02569537 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02569537 bus:RegisteredOffice 2023-04-01 2024-03-31 02569537 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 02569537 bus:Director1 2023-04-01 2024-03-31 02569537 bus:Director7 2023-04-01 2024-03-31 02569537 bus:Director9 2023-04-01 2024-03-31 02569537 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02569537 core:LandBuildings 2023-04-01 2024-03-31 02569537 countries:EnglandWales 2023-04-01 2024-03-31 02569537 2023-03-31 02569537 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 02569537 2022-04-01 2023-03-31 02569537 2023-03-31 02569537 core:RetainedEarningsAccumulatedLosses 2023-03-31 02569537 core:ShareCapital 2023-03-31 02569537 core:SharePremium 2023-03-31 02569537 core:CurrentFinancialInstruments 2023-03-31 02569537 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02569537 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 02569537

Viewjoin Property Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

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Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

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Company Information

Directors

Mrs A D Samson

Mr D C Lewis

Ms A Adams

Mr S C Secular

Company secretary

Mr S C Secular

Registered office

1-2 Rhodium Point Hawkinge Business Park
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ

 

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(Registration number: 02569537)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,751

5,751

Current assets

 

Debtors

5

197

2,246

Cash at bank and in hand

 

7,277

4,279

 

7,474

6,525

Creditors: Amounts falling due within one year

6

(2,117)

(299)

Net current assets

 

5,357

6,226

Net assets

 

11,108

11,977

Capital and reserves

 

Called up share capital

8

8

Share premium reserve

6,566

6,566

Retained earnings

4,534

5,403

Shareholders' funds

 

11,108

11,977

For the financial year ending 31 March 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 Income and Expenditure Account.

Approved and authorised by the Board on 1 October 2024 and signed on its behalf by:
 

.........................................
Ms A Adams
Director

   
     
 

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1-2 Rhodium Point Hawkinge Business Park
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ
United Kingdom

The principal place of business is:
Flats 1-10
59/61 Earls Avenue
Folkestone
Kent
CT20 2HA
United Kingdom

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.

Going concern

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

Revenue recognition

Income comprises the fair value of the consideration received or receivable in respect of service charges and ground rents in the ordinary course of the company’s activities.

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.

 

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

The company does not provide for depreciation on its fixed assets.

Asset class

Depreciation method and rate

Freehold Property

This is not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

5,751

5,751

At 31 March 2024

5,751

5,751

Depreciation

Carrying amount

At 31 March 2024

5,751

5,751

At 31 March 2023

5,751

5,751

Included within the net book value of land and buildings above is £5,751 (2023 - £5,751) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Prepayments

197

2,246

 

197

2,246

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

149

149

Accruals and deferred income

1,968

150

2,117

299