Company Registration No. 10425429 (England and Wales)
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
Richard Cook
(Appointed 23 August 2018)
Yvonne Falk Ponsford
(Appointed 23 August 2018)
Stephen Maycock
(Appointed 16 August 2018)
Secretary
Stride & Son Limited
Company number
10425429
Registered office
Stride & Son Limited
Southdown House
St John's Street
Chichester
West Sussex
PO19 1XQ
Accountants
Jones Avens Limited
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
PO19 8FX
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2018
- 1 -
The directors present their annual report and financial statements for the period ended 31 December 2018.
Principal activities
The principal activity of the company continued to be that of the management of the communal areas of Vesta (Chichester) for the benefit of the residents.
Directors
The directors who held office during the period and up to the date of signature of the financial statements were as follows:
Richard Cook
(Appointed 23 August 2018)
Yvonne Falk Ponsford
(Appointed 23 August 2018)
Stephen Maycock
(Appointed 16 August 2018)
Stephen Holloway
(Appointed 23 August 2018 and resigned 15 October 2018)
Arthur Essex
(Appointed 16 August 2018 and resigned 4 November 2018)
Christopher Chiles
(Resigned 16 August 2018)
Iain Mitchell
(Resigned 16 August 2018)
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
By order of the board
Stride & Son Limited
Secretary
6 September 2019
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2018
31 December 2018
- 2 -
2018
2017
Notes
£
£
£
£
Net assets
-
-
Members' funds
-
-
For the financial period ended 31 December 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 September 2019 and are signed on its behalf by:
Richard Cook
Director
Company Registration No. 10425429
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018
- 3 -
1
Accounting policies
Company information
Vesta (Chichester) Management Company Limited is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
Stride & Son Limited, Southdown House, St John's Street, Chichester, West Sussex, PO19 1XQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Reporting period
The entity's reporting period changed and the financial statements are presented for a 14 months period. The longer period is due to the company aligning it's year end with the year end of the service charge accounts for Vesta (Chichester). Due to this, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.3
Profit and loss account
The company has not traded during the period or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
2
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
3
Related party transactions
Service charge accounts:
Service charge contributions include amounts received from R Cook, Y Falk Ponsford and S Maycock for service charges, who are all directors of Vesta (Chichester) Management Company Limited.