Silverfin false false 30/04/2025 01/05/2024 30/04/2025 Susan Cannan 10/01/2025 27/08/2024 Robert Smith 31/03/2017 08 January 2026 The principal activity of the Company during the financial year was that of property management. 03612569 2025-04-30 03612569 bus:Director1 2025-04-30 03612569 bus:Director2 2025-04-30 03612569 core:CurrentFinancialInstruments 2025-04-30 03612569 core:CurrentFinancialInstruments 2024-04-30 03612569 2024-04-30 03612569 core:RetainedEarningsAccumulatedLosses 2025-04-30 03612569 core:RetainedEarningsAccumulatedLosses 2024-04-30 03612569 2024-05-01 2025-04-30 03612569 bus:FilletedAccounts 2024-05-01 2025-04-30 03612569 bus:SmallEntities 2024-05-01 2025-04-30 03612569 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 03612569 bus:CompanyLimitedByGuarantee 2024-05-01 2025-04-30 03612569 bus:Director1 2024-05-01 2025-04-30 03612569 bus:Director2 2024-05-01 2025-04-30 03612569 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 03612569 (England and Wales)

# ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

### (A company limited by guarantee)

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 April 2025
ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 29,038 |  | 22,742
Cash at bank and in hand |  | 16,307 |  | 57,412
|  | 45,345 |  | 80,154
Creditors: amounts falling due within one year | 4 | ( 13,479) |  | ( 23,601)
Net current assets |  | 31,866 |  | 56,553
Total assets less current liabilities |  | 31,866 |  | 56,553
Net assets |  | 31,866 |  | 56,553
Reserves |  |  |  |
Profit and loss account |  | 31,866 |  | 56,553
Total reserves |  | 31,866 |  | 56,553

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of St. Clements Vean Management Company Limited (registered number: 03612569) were approved and authorised for issue by the Director on 08 January 2026. They were signed on its behalf by:

Robert Smith Director |

ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
ST. CLEMENTS VEAN MANAGEMENT COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

St. Clements Vean Management Company Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Daniell House, Falmouth Road, Truro, TR1 2HX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 0 |  | 0

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 29,038 |  | 22,742

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 6,568 |  | 5,129
Accruals | 1,834 |  | 2,119
Other creditors | 5,077 |  | 16,353
| 13,479 |  | 23,601

#### 5. Liability of members

The members of the St. Clements Vean Management Company Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.