ACCOUNTS - Final Accounts

Registered number: 2409405

VICTORIA COURT (WESTCLIFF) MANAGEMENT COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

VICTORIA COURT (WESTCLIFF) MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 2409405

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	467		742
Cash at bank and in hand	5	16,456		13,162
		16,923		13,904
Creditors: amounts falling due within one year	6	(3,901)		(3,120)
Net current assets			13,022		10,784
Total assets less current liabilities			13,022		10,784

Net assets			13,022		10,784

Capital and reserves
Called up share capital		12	12
Section 20 reserve	7	6,600	4,400
Profit and loss account	7	6,410	6,372
		13,022	10,784

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VICTORIA COURT (WESTCLIFF) MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 2409405

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2025.

M Bailey	H Mercer
Director	Director
S Ray Director

The notes on pages 3 to 4 form part of these financial statements.

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VICTORIA COURT (WESTCLIFF) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

1.2

Turnover

Turnover represents subscriptions towards the administration of the common areas of Victoria Court, Tower Mews, Westcliff-on-Sea, SS0 7QJ.

1.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	General information

Victoria Court (Westcliff) Management Company Limited is a private limited company incorporated in England and Wales. The registered office is 4 Chester Court, Chester Hall Lane, Basildon, Essex, SS14 3WR.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

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VICTORIA COURT (WESTCLIFF) MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	467	742
	467	742

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	16,456	13,162
	16,456	13,162

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	3,901	3,120
	3,901	3,120

Reserves

Profit and loss account

During the year £2,200 was transferred from the Profit and loss reserve to the Section 20 reserve.

8.	Reserves
		2025	2024
		£	£

Section 20 reserve
Balance brought forward	4,400	2,200
Transfer from Profit and loss reserve fund	2,200	2,200
	6,600	4,400

This reserve fund has been established to raise funds to meet any future costs of the property.

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