REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 10 OCTOBER 2022 TO 31 DECEMBER 2023 |
FOR |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 10 OCTOBER 2022 TO 31 DECEMBER 2023 |
FOR |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14409546) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 OCTOBER 2022 TO 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 10 OCTOBER 2022 TO 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Melcombe Place |
London |
NW1 6JJ |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14409546) |
REPORT OF THE DIRECTORS |
FOR THE PERIOD 10 OCTOBER 2022 TO 31 DECEMBER 2023 |
The directors present their report with the financial statements of the company for the period 10 October 2022 to 31 December 2023. |
INCORPORATION |
The company was incorporated on 10 October 2022 . |
PRINCIPAL ACTIVITY |
The company's principal activities comprise the control, supervision and management of the site known as Vale Park South, Evesham. |
DIRECTOR |
D P Gallant was appointed as a director on 10 October 2022 and held office from then until after 31 December 2023 but prior to the date of this report. |
M Tucker and P Chapman were appointed as directors after 31 December 2023 but prior to the date of this report. |
QUALIFYING THIRD PARTY INDEMNITY PROVISIONS |
The company's Articles of Association provide, subject to the provisions of UK legislation, an indemnity for directors and officers of the company in respect of liabilities they may incur in defending certain proceedings against them. |
DIRECTORS' RESPONSIBILITIES STATEMENT |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14409546) |
REPORT OF THE DIRECTORS |
FOR THE PERIOD 10 OCTOBER 2022 TO 31 DECEMBER 2023 |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14409546) |
INCOME STATEMENT |
FOR THE PERIOD 10 OCTOBER 2022 TO 31 DECEMBER 2023 |
Notes | £ |
SERVICE CHARGES RECEIVABLE |
Service charge expenditure | ( |
) |
GROSS PROFIT |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL PERIOD |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14409546) |
BALANCE SHEET |
31 DECEMBER 2023 |
Notes | £ |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
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 |
VALE PARK SOUTH MANAGEMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14409546) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 OCTOBER 2022 TO 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Vale Park South Management Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Service charges receivable |
Service charges receivable comprises the reimbursement of service charge expenditure deployed by the |
management company on behalf of the service charge fund for Vale Park South, Evesham. |
Recognition of income |
Service charges receivable is recognised in the financial statements concurrently with the recognition of the service charge expenditure that is being funded. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | OPERATING PROFIT |
The directors received no remuneration in respect of their services to the company for the period. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |