Vyvyan House Limited - Period Ending 2017-11-30

Registration number: 05636146

Vyvyan House Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2017

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Vyvyan House Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Financial Statements	7 to 8

Vyvyan House Limited

Company Information

Directors

Mr MB Trounce Ms NT Clements Mr CS Mitchell

 

Company secretary

Ms NT Clements

Registered office

First Floor Flat Vyvyan House Clifton Park Bristol BRISTOL BS8 3BZ

 

Accountants

HSJ Accountants Ltd Severn House Hazell Drive Newport South Wales NP10 8FY

Page 1

Vyvyan House Limited

Directors' Report for the Year Ended 30 November 2017

The directors present their report and the financial statements for the year ended 30 November 2017.

Directors of the company

The directors who held office during the year were as follows:

Mr MB Trounce

Ms NT Clements - Company secretary and director

Mr CS Mitchell

Principal activity

The principal activity of the company is to carry out the business of management of the property known as Vyvyan House, Clifton Park, Clifton, Bristol. BS8 3BZ.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 31 August 2018 and signed on its behalf by:

.........................................
Ms NT Clements
Company secretary and director

Page 2

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Vyvyan House Limited
for the Year Ended 30 November 2017

As described on the balance sheet you are responsible for the compilation of the accounts for the year ended 30 November 2017, as set out on pages 4 to 8, and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled the unaudited accounts from the accounting records and from information and explanations supplied to us.

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

31 August 2018

Page 3

Vyvyan House Limited

Profit and Loss Account for the Year Ended 30 November 2017

	Total 30 November 2017 £	Total 30 November 2016 £
Turnover
Contributions from owners of the flats	913	820
Less: Expenses
Light, heat and power	241	203
Repairs and maintenance	250	350
Accountancy fees	397	360
Bank charges	55	82
	(943)	(995)
Operating loss	(30)	(175)
Loss before tax	(30)	(175)
Loss for the financial year	(30)	(175)

The notes on pages 7 to 8 form an integral part of these financial statements.

Page 4

Vyvyan House Limited

(Registration number: 05636146)
Balance Sheet as at 30 November 2017

	Note	2017 £	2016 £
Current assets
Cash at bank and in hand		14	44
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		11	41
Total equity		14	44

For the financial year ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 August 2018 and signed on its behalf by:
 

.........................................

Ms NT Clements

Company secretary and director

The notes on pages 7 to 8 form an integral part of these financial statements.

Page 5

Vyvyan House Limited

Statement of Changes in Equity for the Year Ended 30 November 2017

	Share capital £	Profit and loss account £	Total £
At 1 December 2016	3	41	44
Loss for the year	-	(30)	(30)
Total comprehensive income	-	(30)	(30)
At 30 November 2017	3	11	14

	Share capital £	Profit and loss account £	Total £
At 1 December 2015	3	216	219
Loss for the year	-	(175)	(175)
Total comprehensive income	-	(175)	(175)
At 30 November 2016	3	41	44

The notes on pages 7 to 8 form an integral part of these financial statements.

Page 6

Vyvyan House Limited

Notes to the Financial Statements for the Year Ended 30 November 2017

1	General information

The company registration number is: 05636146

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
First Floor Flat
Vyvyan House
Clifton Park
Bristol
BRISTOL
BS8 3BZ

These financial statements were authorised for issue by the Board on 31 August 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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Vyvyan House Limited

Notes to the Financial Statements for the Year Ended 30 November 2017

3	Tangible assets

The company acquired for no consideration the freehold interest of the common parts of and access ways leading to Vyvyan House. The company acquired the freehold interest in the three flats together with relevant garages and gardens, by the issue in 2008 to each flat owner a uniform lease of 999 years over their flat together with relevant garages and gardens.

4	Share capital

Allotted, called up and fully paid shares

	2017		2016
	No.	£	No.	£
Ordinary of £1 each	3	3	3	3

5	Transition to FRS 102

These financial statements for the year ended 30 November 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 December 2015.

The transition to FRS 102 Section 1A small entities has resulted in no changes to the accounting policies of those used previously. There were also no restatements or remeasurements required to the profit and loss account or the balance sheet for the previous or current accounting period.

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