IRIS Accounts Production v24.3.2.46 05192796 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051927962023-04-30051927962024-04-30051927962023-05-012024-04-30051927962022-04-30051927962022-05-012023-04-30051927962023-04-3005192796ns15:EnglandWales2023-05-012024-04-3005192796ns14:PoundSterling2023-05-012024-04-3005192796ns10:Director12023-05-012024-04-3005192796ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005192796ns10:SmallEntities2023-05-012024-04-3005192796ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005192796ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005192796ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005192796ns10:FullAccounts2023-05-012024-04-3005192796ns10:OrdinaryShareClass12023-05-012024-04-3005192796ns10:CompanySecretary12023-05-012024-04-3005192796ns10:RegisteredOffice2023-05-012024-04-3005192796ns5:CurrentFinancialInstruments2024-04-3005192796ns5:CurrentFinancialInstruments2023-04-3005192796ns5:ShareCapital2024-04-3005192796ns5:ShareCapital2023-04-3005192796ns5:RetainedEarningsAccumulatedLosses2024-04-3005192796ns5:RetainedEarningsAccumulatedLosses2023-04-3005192796ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 05192796 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CHRYSALIS VCT MANAGEMENT LIMITED

CHRYSALIS VCT MANAGEMENT LIMITED (REGISTERED NUMBER: 05192796)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHRYSALIS VCT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: C P Kay





SECRETARY: C P Kay





REGISTERED OFFICE: St Magnus House
3 Lower Thames Street
London
EC3R 6HD





REGISTERED NUMBER: 05192796 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

CHRYSALIS VCT MANAGEMENT LIMITED (REGISTERED NUMBER: 05192796)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 - 41,000
Cash at bank 1,102 679
1,102 41,679
CREDITORS
Amounts falling due within one year 5 960 41,580
NET CURRENT ASSETS 142 99
TOTAL ASSETS LESS CURRENT
LIABILITIES

142

99

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 141 98
SHAREHOLDERS' FUNDS 142 99

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 January 2025 and were signed by:





C P Kay - Director


CHRYSALIS VCT MANAGEMENT LIMITED (REGISTERED NUMBER: 05192796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Chrysalis VCT Management 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under circumstances.

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

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 41,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 40,000
Social security and other taxes - 500
Accruals and deferred income 960 1,080
960 41,580

CHRYSALIS VCT MANAGEMENT LIMITED (REGISTERED NUMBER: 05192796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

7. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £nil (2023: £6,720).

8. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available under FRS 102 and not disclosed transactions with related parties as the company is a 100% subsidiary of Chrysalis VCT Plc.

During the year the company Invoiced Management Fee from Chrysalis VCT Plc amounting to £131,603 (2023: £158,967), a company which is the holding company. As at the year end, an amount of £nil (2023: £41,000) was receivable from Chrysalis VCT Plc.

During the year the company settled outstanding administration fees to Chrysalis VCT Admin Limited, a company in which the director C P Kay has an interest. As at the year end, an amount of £nil (2023: £40,000) was payable to Chrysalis VCT Admin Limited.

During the year the company paid administration fees to Livvakt Limited amount to £48,000 (2023: £nil), a company in which the director, C P Kay has an interest. As at the year end there there are no outstanding to the Company.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Chrysalis VCT Plc, a company incorporated in England & Wales.