REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2019 |
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CHRYSALIS VCT MANAGEMENT LIMITED |
REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2019 |
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FOR |
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CHRYSALIS VCT MANAGEMENT LIMITED |
CHRYSALIS VCT MANAGEMENT LIMITED (REGISTERED NUMBER: 05192796) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CHRYSALIS VCT MANAGEMENT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditor |
Astral House |
Granville Way |
Bicester |
Oxfordshire |
OX26 4JT |
CHRYSALIS VCT MANAGEMENT LIMITED (REGISTERED NUMBER: 05192796) |
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BALANCE SHEET |
31 OCTOBER 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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CHRYSALIS VCT MANAGEMENT LIMITED (REGISTERED NUMBER: 05192796) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
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1. | STATUTORY INFORMATION |
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Chrysalis VCT Management Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires |
management to exercise its judgement in the process of applying accounting policies. The areas involving a |
higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the |
financial statements, are disclosed in the accounting policies below. |
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Estimates and judgements are continually evaluated and are based on historical experience and other factors, |
including expectations of future events that are believed to be reasonable under circumstances. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the |
entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when |
the stage of completion can be reliably measured. |
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Pensions |
The company operates a defined contribution pension scheme and the pension charge represents the amounts |
payable by the company to the fund in respect of the year. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Tax |
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Social security and other taxes |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 |
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CHRYSALIS VCT MANAGEMENT LIMITED (REGISTERED NUMBER: 05192796) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
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6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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7. | PENSION COMMITMENTS |
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The company operates a defined contributions pension scheme. The assets of the scheme are held separately |
from those of the company in an independently administered fund. The pension cost charge represents |
contributions payable by the company to the fund and amounted to £10,800 (2018: £10,800). |
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8. | RELATED PARTY TRANSACTIONS |
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The company has taken advantage of the exemption available under FRS 102 and not disclosed transactions with |
related parties as the company is a 100% subsidiary of Chrysalis VCT Plc. |
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During the year the company paid administration fees to Chrysalis VCT Admin Limited amounting to £nil (2018: |
£58,020), a company in which one of the directors, C P Kay has an interest. As at the year end, an amount of £nil |
(2018: £nil) was payable to Chrysalis VCT Admin Limited. |
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During the year the company paid administration fees to Chrysalis VCT Support Limited amount to £75,000 |
(2018: £75,000), a company in which one of the directors, C P Kay has an interest. As at the year end, an amount |
of £nil (2018: £nil) was payable to Chrysalis VCT Support Limited. |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent company is Chrysalis VCT Plc, a company incorporated in England & Wales. |