Registration number:
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Vauxhall Bridge Road Management Company Limited
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Vauxhall Bridge Road Management Company Limited
Statement of Financial Position as at 30 September 2024
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2024 |
2023 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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General sinking fund reserve |
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Service charge account |
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Total equity |
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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:
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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
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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
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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:
The principal activity of the company is that of the management of a leasehold property
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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.
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Staff numbers |
The average number of persons employed by the company during the year was
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Debtors |
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2024 |
2023 |
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Cash at bank held by managing agents |
125,334 |
191,465 |
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Other debtors |
2,240 |
4,237 |
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Prepayments |
44,373 |
20,277 |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Taxation and social security |
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Other creditors |
3,037 |
3,574 |
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Accruals |
5,687 |
5,242 |
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