Valleyside Management Company Ltd

Latest Income & Expenditure and Balance Sheet

The following income & Expenditure report provides details of costs incurred for the past few years and anticipated costs for the next few years. The Balance Sheet shows how much is owed by and to the company. The accounts summaries show income and expenditure in the years when they were incurred as required by Financial Reporting Standards and recommended by the ICAEW Technical Release on Residential Service Charge Accounts (Section 2.2).

Income & Expenditure
Balance Sheet

Valleyside Freehold Ltd

The company purchased the freehod of the site for 17-25 Valleyside, Swindon on 5 December 2019. The purchase was funded by advance payments for new leases from 8 of the leaseholders plus additional loans to cover the costs of the freehold interests of the remaining four leaseholders.

Valleyside Management Company Ltd

The Statutory Accounts are as filed at Companies House and are accounts in statutory format for each calendar year.  It is not a statutory requirement that detailed costs are shown within these accounts although for many of the years the directors have voluntarily shown the information for the benefit of leaseholders.