Volt Property Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08632507 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2021

for

Volt Property Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms E T K Haight

M H Schaffer

N R Kapur

REGISTERED OFFICE:

Douglas House

117 Foregate Street

Chester

Cheshire

CH1 1HE

REGISTERED NUMBER:

08632507 (England and Wales)

ACCOUNTANTS:

Haines Watts

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Property, plant and equipment

4

37,382

38,906

CURRENT ASSETS

Cash at bank

29,163

10,859

CREDITORS

Amounts falling due within one year

5

59,120

40,825

NET CURRENT LIABILITIES

(29,957

)

(29,966

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,425

8,940

CAPITAL AND RESERVES

Called up share capital

6

7

7

Retained earnings

7,418

8,933

SHAREHOLDERS' FUNDS

7,425

8,940

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2022 and were signed on its behalf by:

M H Schaffer - Director

1.	STATUTORY INFORMATION

Volt Property Management 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 financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover

Turnover represents service charges receivable.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2020

and 31 July 2021

32,820

16,686

49,506

DEPRECIATION

At 1 August 2020

-

10,600

10,600

Charge for year

-

1,524

1,524

At 31 July 2021

-

12,124

12,124

NET BOOK VALUE

At 31 July 2021

32,820

4,562

37,382

At 31 July 2020

32,820

6,086

38,906

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade creditors

-

540

Other creditors

59,120

40,285

59,120

40,825

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.21

31.7.20

value:

£

£

7

Ordinary

£1

7

7