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Registration number: 04359592

Vauxhall Bridge Road Management Company Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Vauxhall Bridge Road Management Company Limited

Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

171,947

215,979

Creditors: Amounts falling due within one year

5

(9,131)

(9,209)

Net assets

 

162,816

206,770

Capital and reserves

 

General sinking fund reserve

61,198

83,438

Service charge account

101,618

123,332

Total equity

 

162,816

206,770

For the financial year ending 30 September 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................

P Bottomley

Director

Company registration number: 04359592

 

Vauxhall Bridge Road Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
Building 3
566 Chiswick High Road
London
W4 5YA

The principal activity of the company is that of the management of a leasehold property

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a deficit for the year ended 30 September 2024 but had net assets of £162,816 at that date. The company has continued to receive service charge amounts from the leaseholders as demanded.

Having made enquiries the directors have reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of service charges in the ordinary course of the company's activities.

The company recognises turnover on the basis of the amounts demanded from leaseholders in respect of the financial period.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Vauxhall Bridge Road Management Company Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

3

Staff numbers

The average number of persons employed by the company during the year was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Cash at bank held by managing agents

125,334

191,465

Other debtors

2,240

4,237

Prepayments

44,373

20,277

171,947

215,979

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

407

393

Other creditors

3,037

3,574

Accruals

5,687

5,242

9,131

9,209