Company registration number 01564251 (England and Wales)
29 VENTNOR VILLAS RESIDENTS ASSOCIATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
29 VENTNOR VILLAS RESIDENTS ASSOCIATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
29 VENTNOR VILLAS RESIDENTS ASSOCIATION LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
630
630
Current assets
Cash at bank and in hand
518
747
Creditors: amounts falling due within one year
4
(502)
(731)
Net current assets
16
16
Net assets
646
646
Capital and reserves
Called up share capital
16
16
Profit and loss reserves
630
630
Total equity
646
646

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 2 March 2026 and are signed on its behalf by:
N Engels
Director
Company registration number 01564251 (England and Wales)
29 VENTNOR VILLAS RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

29 Ventnor Villas Residents Association Limited is a private company limited by shares incorporated in England and Wales. The registered office is Garden Flat, 29b Ventnor Villas, Hove, East Sussex, BN3 3DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Included at cost in tangible fixed assets is the freehold interest of 29 Ventnor Villas, Hove, East Sussex, BN3 3DA which is not depreciated or revalued.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.4

Bank account

At the balance sheet date the company bank account contained £502 (2024 - £731) which is held on trust for the leaseholders of 29 Ventnor Villas, Hove, East Sussex, BN3 3DA under section 42 of the Landlords and Tenant Act 1987.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2024 - 0).

29 VENTNOR VILLAS RESIDENTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2025 and 31 December 2025
630
Depreciation and impairment
At 1 January 2025 and 31 December 2025
-
0
Carrying amount
At 31 December 2025
630
At 31 December 2024
630

This represents the freehold reversion in the land and buildings at 29 Ventnor Villas, Hove, Sussex, BN3 3DA, stated at cost.

4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
502
731
5
Financial commitments, guarantees and contingent liabilities

The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases. At 31 December 2025 the company had not entered into any non-cancellable contractual commitments (2024 - £Nil).

6
Ultimate controlling party

The directors are of the opinion that no one person has ultimate control of the company, due to the fact that there are four shareholders, each holding 4 shares.

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