Registration number:
for the Year Ended
Chartered Accountants
Victoria Court Management Company (Weymouth) Limited
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Victoria Court Management Company (Weymouth) Limited
Company Information
Director |
Mrs K F Van Deurs Goss |
Company secretary |
Coco Property Group Limited |
Registered office |
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Accountants |
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Victoria Court Management Company (Weymouth) Limited
Director's Report
for the Year Ended 31 July 2024
The director presents her report and the financial statements for the year ended 31 July 2024.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity is that of property management in respect of the property known as Victoria Court, situated at 638 Dorchester Road, Weymouth.
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
Coco Property Group Limited
Company secretary
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Victoria Court Management Company (Weymouth) Limitedfor the Year Ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Victoria Court Management Company (Weymouth) Limited for the year ended 31 July 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 Victoria Court Management Company (Weymouth) Limited, as a body, in accordance with the terms of our engagement letter dated 24 October 2019. Our work has been undertaken solely to prepare for your approval the accounts of Victoria Court Management Company (Weymouth) Limited and state those matters that we have agreed to state to the Board of Directors of Victoria Court Management Company (Weymouth) 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 Victoria Court Management Company (Weymouth) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Victoria Court Management Company (Weymouth) 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 loss of Victoria Court Management Company (Weymouth) Limited. You consider that Victoria Court Management Company (Weymouth) 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 Victoria Court Management Company (Weymouth) 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.
Chartered Accountants
34 High East Street
Dorchester
Dorset
DT1 1HA
Victoria Court Management Company (Weymouth) Limited
Profit and Loss Account
for the Year Ended 31 July 2024
Note |
2024 |
2023 |
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Turnover |
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Administrative expenses |
( |
( |
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Operating deficit |
(9,223) |
(2,384) |
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Deficit before tax |
( |
( |
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Taxation |
- |
- |
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Deficit for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Victoria Court Management Company (Weymouth) Limited
(Registration number: 04256868)
Balance Sheet as at 31 July 2024
Note |
2024 |
2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and Reserves |
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Profit and Loss Account |
(12,747) |
(3,524) |
For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges her 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
Director
Victoria Court Management Company (Weymouth) Limited
Statement of Changes in Equity
for the Year Ended 31 July 2024
Profit and Loss Account |
Total |
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At 1 August 2023 |
( |
( |
Deficit for the year |
( |
( |
At 31 July 2024 |
( |
( |
Profit and Loss Account |
Total |
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At 1 August 2022 |
( |
( |
Deficit for the year |
( |
( |
At 31 July 2023 |
(3,524) |
(3,524) |
Victoria Court Management Company (Weymouth) Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024
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:
England
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. The company is in a net liabilities position at the year end. The directors will continue to support the company in meeting its debts as and when they fall due.
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.
Victoria Court Management Company (Weymouth) Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.
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
Debtors |
2024 |
2023 |
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Amounts due from lessees |
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Other debtors and prepayments |
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Creditors |
2024 |
2023 |
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Due within one year |
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Amounts in advance from lessees |
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Other creditors and accruals |
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