Company registration number 10425429 (England and Wales)
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
Richard Cook
Peter Howlett
(Appointed 16 August 2022)
Stephen Holloway
(Appointed 16 August 2022)
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 YEAR ENDED 31 DECEMBER 2022
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2022.
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 year and up to the date of signature of the financial statements were as follows:
Richard Cook
Yvonne Falk Ponsford
(Resigned 1 September 2022)
Peter Howlett
(Appointed 16 August 2022)
Stephen Holloway
(Appointed 16 August 2022)
Small companies exemption
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
11 August 2023
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 2 -
2022
2021
Notes
£
£
£
£
Net assets
Members' funds
For the financial year ended 31 December 2022 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.
The members have not required the company to obtain an audit of its financial statements for the year 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 11 August 2023 and are signed on its behalf by:
Peter Howlett
Director
Company Registration No. 10425429
VESTA (CHICHESTER) MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year 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
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
3
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.
4
Related party transactions
Service charge accounts:
Service charge contributions include amounts received from R Cook, P Howlett and S Holloway for service charges, who are all directors of Vesta (Chichester) Management Company Limited.