REGISTERED NUMBER: |
VICTORIA ROAD (HITCHIN) MAINTENANCE |
COMPANY LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 DECEMBER 2024 |
REGISTERED NUMBER: |
VICTORIA ROAD (HITCHIN) MAINTENANCE |
COMPANY LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 DECEMBER 2024 |
VICTORIA ROAD (HITCHIN) MAINTENANCE |
COMPANY LIMITED (REGISTERED NUMBER: 02617640) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 DECEMBER 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
VICTORIA ROAD (HITCHIN) MAINTENANCE |
COMPANY LIMITED (REGISTERED NUMBER: 02617640) |
BALANCE SHEET |
1 DECEMBER 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account | 7 |
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 surplus or deficit 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 |
VICTORIA ROAD (HITCHIN) MAINTENANCE |
COMPANY LIMITED (REGISTERED NUMBER: 02617640) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Victoria Road (Hitchin) Maintenance Company Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Financial instruments |
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. |
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
VICTORIA ROAD (HITCHIN) MAINTENANCE |
COMPANY LIMITED (REGISTERED NUMBER: 02617640) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1 DECEMBER 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 2 December 2023 |
and 1 December 2024 |
DEPRECIATION |
At 2 December 2023 |
and 1 December 2024 |
NET BOOK VALUE |
At 1 December 2024 |
At 1 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Service charges due |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Service charges levied in advance |
Accrued expenses |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
At 2 December 2023 |
Surplus for the year |
At 1 December 2024 |
8. | ULTIMATE CONTROLLING PARTY |
VICTORIA ROAD (HITCHIN) MAINTENANCE |
COMPANY LIMITED (REGISTERED NUMBER: 02617640) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1 DECEMBER 2024 |
9. | LIMITED BY GUARANTEE |
Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the Company's assets if it should be wound up while he or she is a Member or within one year after he or she ceases to be a Member, for payment of the Company's debts and liabilities contracted before he or she ceases to be a Member, and of the costs, charges and expenses of winding up, and for the adjustments of the rights of the contributories among themselves. |