REGISTERED NUMBER: 03188056 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VICTORIA QUAYS MANAGEMENT

SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M C Browne

M Greenhalgh

R E L Barlow

J Webb

S Walsh

SECRETARY:

J H Watson Property Management Limited

REGISTERED OFFICE:

Glendevon House

4 Hawthorn Park

Coal Road

leeds

West Yorkshire

LS14 1PQ

REGISTERED NUMBER:

03188056 (England and Wales)

AUDITORS:

Fortus Audit LLP

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

175,529

179,781

CURRENT ASSETS

Debtors

5

29,082

29,893

Cash at bank

141,013

197,590

170,095

227,483

CREDITORS

Amounts falling due within one year

6

10,517

16,584

NET CURRENT ASSETS

159,578

210,899

TOTAL ASSETS LESS CURRENT LIABILITIES

335,107

390,680

CAPITAL AND RESERVES

Called up share capital

7

122

122

Retained earnings

334,985

390,558

SHAREHOLDERS' FUNDS

335,107

390,680

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

A M C Browne - Director

1.	STATUTORY INFORMATION

Victoria Quays Management Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover represents the total of service charges invoiced to tenants during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

CCTV system

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

CCTV

property

system

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

212,615

4,128

216,743

DEPRECIATION

At 1 April 2024

32,834

4,128

36,962

Charge for year

4,252

-

4,252

At 31 March 2025

37,086

4,128

41,214

NET BOOK VALUE

At 31 March 2025

175,529

-

175,529

At 31 March 2024

179,781

-

179,781

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Service charges due

10,552

10,171

Other debtors

122

27

Prepayments

18,408

19,695

29,082

29,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Receipts in advance

-

5,523

Trade creditors

5,601

7,201

Corporation tax

1,527

-

Creditors and accruals

3,389

3,860

10,517

16,584

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

122

Ordinary

1

122

122

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frances Howard BFP FCA (Senior Statutory Auditor)

for and on behalf of Fortus Audit LLP

9.	MANAGING AGENTS ANNUAL DECLARATION

Management fees

During the year J H Watson Property Management Limited, as appointed agent to manage the common areas of the development, received a fixed fee of £15,801 plus VAT.

Company secretarial fees

During the year J H Watson Property Management Limited, appointed to act as company secretary for the company, received a fixed fee of £785 plus VAT.

Professional and consultancy fees

Specialist fees for services provided by J H Watson Property Management Limited in the year were: -

Professional fees in relation to compliance - £3,079 plus VAT

Professional fees in relation to major works - £3,600 plus VAT