Village Ways Partnership Limited - Accounts to registrar (filleted) - small 18.2

Village Ways Partnership Limited - Accounts to registrar (filleted) - small 18.2

VILLAGE WAYS PARTNERSHIP LIMITED - Company Information

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REGISTERED NUMBER: 06437987 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

VILLAGE WAYS PARTNERSHIP LIMITED
VILLAGE WAYS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06437987)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VILLAGE WAYS PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTORS: RA Hearn
M Backhouse





SECRETARY: M Backhouse





REGISTERED OFFICE: 115c Milton Road
Cambridge
Cambridgeshire
CB4 1XE





REGISTERED NUMBER: 06437987 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE
Page 1
VILLAGE WAYS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06437987)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 47,472 47,472
47,472 47,472

CURRENT ASSETS
Debtors 6 61,537 19,158
Cash at bank 67,324 138,046
128,861 157,204
CREDITORS
Amounts falling due within one year 7 55,991 64,715
NET CURRENT ASSETS 72,870 92,489
TOTAL ASSETS LESS CURRENT
LIABILITIES
120,342
139,961

CREDITORS
Amounts falling due after more than one
year
8
244,000
244,000
NET LIABILITIES (123,658 ) (104,039 )

CAPITAL AND RESERVES
Called up share capital 55,200 55,200
Retained earnings (178,858 ) (159,239 )
SHAREHOLDERS' FUNDS (123,658 ) (104,039 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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 notes on pages 4 to 5 form part of these financial statements

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VILLAGE WAYS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06437987)

BALANCE SHEET - continued
31 MARCH 2021


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 16 December 2021 and were signed on its behalf by:





M Backhouse - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
VILLAGE WAYS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06437987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1. STATUTORY INFORMATION

Village Ways Partnership 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.

At 31st March 2021 the company had net liabilities of £123,658 and total liabilities of £299,991. Included in these liabilities are amounts of loan capital totalling £244,000. The loan is unsecured and it's terms have been renegotiated in the next financial year and as such the directors have concluded that the company is a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost

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 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 April 2020
and 31 March 2021 80,239
DEPRECIATION
At 1 April 2020
and 31 March 2021 80,239
NET BOOK VALUE
At 31 March 2021 -
At 31 March 2020 -

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VILLAGE WAYS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06437987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2020
and 31 March 2021 47,472
NET BOOK VALUE
At 31 March 2021 47,472
At 31 March 2020 47,472

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 47,046 8,276
Other debtors 14,391 10,782
Called up share capital not paid 100 100
61,537 19,158

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 14,354
Social security and other taxes 1,280 -
VAT - 295
Other creditors 19,776 23,508
Accruals and deferred income 34,935 26,558
55,991 64,715

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Long term loan 244,000 244,000

The loan is unsecured. No interest is payable.

9. ULTIMATE CONTROLLING PARTY

No shareholder has overall control and the shareholders as a body control the company through mutual control.

Page 5