Varsity Place Management Company Limited

Varsity Place Management Company Limited

VARSITY PLACE MANAGEMENT COMPANY LIMITED - Company Information

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Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03019566 Dr C Amorim Mr T J Davies Mr I M Kennedy Dr J R Thorne Common Ground Estate & Property Management Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03019566 2022-12-31 03019566 2023-12-31 03019566 2023-01-01 2023-12-31 03019566 frs-core:CurrentFinancialInstruments 2023-12-31 03019566 frs-core:FurnitureFittings 2023-12-31 03019566 frs-core:FurnitureFittings 2022-12-31 03019566 frs-core:OtherReservesSubtotal 2023-12-31 03019566 frs-core:ShareCapital 2023-12-31 03019566 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03019566 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03019566 frs-bus:SmallEntities 2023-01-01 2023-12-31 03019566 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03019566 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03019566 frs-bus:Director1 2023-01-01 2023-12-31 03019566 frs-bus:Director2 2023-01-01 2023-12-31 03019566 frs-bus:Director3 2023-01-01 2023-12-31 03019566 frs-bus:Director4 2023-01-01 2023-12-31 03019566 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03019566 frs-countries:EnglandWales 2023-01-01 2023-12-31 03019566 2021-12-31 03019566 2022-12-31 03019566 2022-01-01 2022-12-31 03019566 frs-core:CurrentFinancialInstruments 2022-12-31 03019566 frs-core:OtherReservesSubtotal 2022-12-31 03019566 frs-core:ShareCapital 2022-12-31
Registered number: 03019566
Varsity Place Management Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Varsity Place Management Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Varsity Place Management Company Limited
Balance Sheet
As At 31 December 2023
Balance Sheet
Registered number: 03019566
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 21,191 44,948
Cash at bank and in hand 32,817 64,807
54,008 109,755
Creditors: Amounts Falling Due Within One Year 6 (6,903 ) (47,555 )
NET CURRENT ASSETS (LIABILITIES) 47,105 62,200
TOTAL ASSETS LESS CURRENT LIABILITIES 47,105 62,200
NET ASSETS 47,105 62,200
CAPITAL AND RESERVES
Called up share capital 7 42 42
Other reserves 47,063 62,158
SHAREHOLDERS' FUNDS 47,105 62,200
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T J Davies
Director
11 April 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Varsity Place Management Company Limited
Notes to the Financial Statements
For The Year Ended 31 December 2023
Notes to the Financial Statements
1. General Information
Varsity Place Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03019566 . The registered office is Chiltern House, 45 Station Road, Henley-On-Thames, RG9 1AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, excluding directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 2,677
As at 31 December 2023 2,677
Depreciation
As at 1 January 2023 2,677
As at 31 December 2023 2,677
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
Page 2
Page 3
Varsity Place Management Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,418 7,212
Prepayments and accrued income 13,698 37,661
Other debtors 75 75
21,191 44,948
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,205 41,590
Accruals and deferred income 5,698 5,965
6,903 47,555
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 42 42
Page 3