V & L (Residents) Management Limited,Ltd - AccountsLtd

For the year ended 30 December 2024

V & L (Residents) Management Limited

Directors' Report

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

Principal activities

The principal activity of the company continued to be that of property management. Directors Responsibilities Company law requires the directors to prepare financial statements for each financial year which give a true and fair view. In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is not appropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records, for safeguarding the assets of the company, and for taking reasonable steps for the prevention and detection of fraud and other irregularitites.

Directors

The directors who served the company throughout the year were as follows:

K E Dobson

C W Symes (Resigned on 04/12/2024)

A S Hampson

D A Gaston (appointed on 13/02/2024)

K E Dobson

Signed on behalf of the board of directors

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Date:

11 September 2025

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For the year ended 30 December 2024

V & L (Residents) Management Limited

Chartered Accountants' Report

Chartered Accountants' report to the Directors on the preparation of the unaudited statutory accounts of V & L

(Residents) Management Limited for the year ended 30 December 2024

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts

of V & L (Residents) Management Limited for the year ended 30 December 2024 which comprise the Income

Statement, the Statement of Financial Position and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising 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

icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of V & L (Residents) Management Limited, as a body, in

accordance with the terms of our engagement letter dated 3 September 2022. Our work has been undertaken solely to

prepare for your approval the accounts of V & L (Residents) Management Limited and state those matters that we

have agreed to state to the Board of Directors of V & L (Residents) Management 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 V & L (Residents) Management Limited and its Board of Directors as a

body for our work or for this report.

It is your duty to ensure that V & L (Residents) Management Limited has kept adequate accounting records to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of V & L

(Residents) Management Limited. You consider that V & L (Residents) Management 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 V & L (Residents) Management

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.

Turnbull & Co Accountants Limited

Chartered Accountants

Pilgrim House

Oxford Place

Plymouth

PL1 5AJ

Date:

17 September 2025

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Registered Number :

02411915

As at 30 December 2024

V & L (Residents) Management Limited

Statement of Financial Position

2023

2024

Notes

Fixed assets

Property, plant and equipment

474

632

474

632

Current assets

Trade and other receivables

7,672

13,286

2,643

Cash and cash equivalents

10,349

23,635

10,315

Trade and other payables: amounts falling due within one

year

(75,889)

(74,666)

(65,574)

(51,031)

Net current liabilities

Total assets less current liabilities

(50,557)

(64,942)

(50,557)

Net liabilities

(64,942)

Capital and reserves

Retained earnings

(50,632)

(65,017)

Other reserves

(50,557)

(64,942)

Members' Funds

For the year ended 30 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 profit or loss for each financial year in accordance with the requirements of Section

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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

K E Dobson

These financial statements were approved and authorised for issue by the Board on 11 September 2025 and were signed by:

The notes form part of these financial statements

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For the year ended 30 December 2024

V & L (Residents) Management Limited

Notes to the Financial Statements

Statutory Information

V & L (Residents) Management Limited is a private limited company, limited by guarantee, domiciled in England and

Wales, registration number 02411915.

Registered address:

Hadresham

Woolborough Lane

Outwood

Redhill

RH1 5QR

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

25% Reducing balance

Furniture and Fittings

2. Property, plant and equipment

Total

Furniture and

Fittings

Land and

Buildings

Cost or

valuation

At 31 December 2023

7,797

7,796

At 30 December 2024

7,796

7,797

Provision for depreciation and impairment

At 31 December 2023

7,165

Charge for year

158

At 30 December 2024

7,323

At 30 December 2024

Net book value

473

474

At 30 December 2023

631

632

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For the year ended 30 December 2024

V & L (Residents) Management Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2023

2024

Trade debtors

3,850

4,553

Other debtors

9,436

3,119

7,672

13,286

4. Trade and other payables: amounts falling due within one year

2023

2024

Trade creditors

4,862

3,908

Other creditors

69,804

71,981

74,666

75,889

5. Average number of persons employed

During the year the average number of employees was 4 (2023 : 4)

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