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Registration number: 06946206

Peverell Avenue (60-66) West Manco Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

image-name

Chartered Accountants

 

Peverell Avenue (60-66) West Manco Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Peverell Avenue (60-66) West Manco Limited

Company Information

Directors

Ms A J Morton

J C Reis

Company secretary

Michelmores Secretaries Limited

Registered office

Woodwater House
Pynes Hill
Exeter
EX2 5WR

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Peverell Avenue (60-66) West Manco Limited

Directors' Report
for the Year Ended 30 June 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

Ms A J Morton

J C Reis

Principal activity

The principal activity of the company has been the provision of property management services in respect of the premises at 60-66 Peverell Avenue West, Poundbury, Dorchester

Small companies provision statement

This report has 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.

Approved by the Board on 29 January 2025 and signed on its behalf by:




Ms A J Morton
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Peverell Avenue (60-66) West Manco Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Peverell Avenue (60-66) West Manco Limited for the year ended 30 June 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Peverell Avenue (60-66) West Manco Limited, as a body, in accordance with the terms of our engagement letter dated 30 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Peverell Avenue (60-66) West Manco Limited and state those matters that we have agreed to state to the Board of Directors of Peverell Avenue (60-66) West Manco Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peverell Avenue (60-66) West Manco Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Peverell Avenue (60-66) West Manco Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Peverell Avenue (60-66) West Manco Limited. You consider that Peverell Avenue (60-66) West Manco Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Peverell Avenue (60-66) West Manco Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

31 January 2025

 

Peverell Avenue (60-66) West Manco Limited

Profit and Loss Account
for the Year Ended 30 June 2024

2024
£

2023
£

Turnover

52,002

51,497

Administrative expenses

(47,586)

(39,231)

Operating surplus

4,416

12,266

Surplus before tax

4,416

12,266

Tax on profit

-

-

Surplus for the financial year

4,416

12,266

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Peverell Avenue (60-66) West Manco Limited

(Registration number: 06946206)
Balance Sheet as at 30 June 2024

Note

2024
 

2023
 

   

£

£

£

£

Current assets

   

 

Debtors

4

 

10,185

 

11,313

Cash at bank and in hand

   

45,144

 

29,110

   

55,329

 

40,423

Creditors: Amounts falling due within one year

5

 

(14,351)

 

(3,861)

Net assets

   

40,978

 

36,562

Profit and loss account

 

40,978

 

36,562

 

   

40,978

 

36,562

For the financial year ending 30 June 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.

Approved and authorised by the Board on 29 January 2025 and signed on its behalf by:
 



Ms A J Morton
Director

 

Peverell Avenue (60-66) West Manco Limited

Statement of Changes in Equity
for the Year Ended 30 June 2024

Analysis of Profit and Loss Account

Profit and loss account- Flats
£

Profit and loss account- Magna Flats
£

Profit and loss account- Houses
£

Profit and loss account- Fuel
£

Total
£

At 1 July 2023

25,465

8,038

1,756

1,303

36,562

Surplus/(deficit) for the year

7,090

923

162

(3,759)

4,416

Total comprehensive income

7,090

923

162

(3,759)

4,416

At 30 June 2024

32,555

8,961

1,918

(2,456)

40,978

Profit and loss account- Flats
£

Profit and loss account- Magna Flats
£

Profit and loss account- Houses
£

Profit and loss account- Fuel
£

Total
£

At 1 July 2022

13,251

2,451

11,374

(2,780)

24,296

Surplus for the year

7,355

682

146

4,083

12,266

Total comprehensive income

7,355

682

146

4,083

12,266

Transfers

4,859

4,905

(9,764)

-

-

At 30 June 2023

25,465

8,038

1,756

1,303

36,562

 

Peverell Avenue (60-66) West Manco Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Woodwater House
Pynes Hill
Exeter
EX2 5WR

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.

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 residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

 

Peverell Avenue (60-66) West Manco Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors on the board during the year was 2 (2023 - 2).

4

Debtors

2024
£

2023
£

Amounts due from lessees - Service charges

1,772

3,321

Amounts due from lessees - Fuel

6,424

6,790

Prepayments

1,989

1,061

Other debtors

-

141

 

10,185

11,313

5

Creditors

2024
£

2023
£

Due within one year

Amounts received in advance from lessees

3,900

45

Accruals

1,812

1,540

Other creditors

8,639

2,276

14,351

3,861