VEEB REALTY COMPANY LIMITED

Company Registration Number:
12332083 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2021

Period of accounts

Start date: 1 December 2020

End date: 30 November 2021

VEEB REALTY COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

VEEB REALTY COMPANY LIMITED

Profit And Loss Account

for the Period Ended 30 November 2021

2021 2020


£

£
Turnover: 27,324 9,825
Gross profit(or loss): 27,324 9,825
Administrative expenses: ( 9,786 ) ( 6,225 )
Operating profit(or loss): 17,538 3,600
Profit(or loss) before tax: 17,538 3,600
Tax: ( 3,707 ) ( 1,153 )
Profit(or loss) for the financial year: 13,831 2,447

VEEB REALTY COMPANY LIMITED

Balance sheet

As at 30 November 2021

Notes 2021 2020


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 7,890 9,863
Investments: 4 519,913 519,913
Total fixed assets: 527,803 529,776
Creditors: amounts falling due within one year: 6 ( 511,523 ) ( 529,221 )
Net current assets (liabilities): (511,523) (527,327)
Total assets less current liabilities: 16,280 2,449
Total net assets (liabilities): 16,280 2,449
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 16,278 2,447
Total Shareholders' funds: 16,280 2,449

The notes form part of these financial statements

VEEB REALTY COMPANY LIMITED

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 August 2022
and signed on behalf of the board by:

Name: Yuk Ki So
Status: Director

The notes form part of these financial statements

VEEB REALTY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value addedtax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers suchthat risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised byreference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costsincurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates inorder to write off the assets over their estimated useful lives:Fixtures & fittings 20% reducing balance

VEEB REALTY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 0 0

VEEB REALTY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2020 12,329 12,329
Additions
Disposals
Revaluations
Transfers
At 30 November 2021 12,329 12,329
Depreciation
At 1 December 2020 2,466 2,466
Charge for year 1,973 1,973
On disposals
Other adjustments
At 30 November 2021 4,439 4,439
Net book value
At 30 November 2021 7,890 7,890
At 30 November 2020 9,863 9,863

VEEB REALTY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Fixed assets investments note

At 30 November 2020 519,913At 30 November 2021 519,913

VEEB REALTY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Debtors

2021 2020
£ £
Trade debtors 420
Other debtors 1,474
Total   1,894

VEEB REALTY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Creditors: amounts falling due within one year note

2021 2020
£ £
Taxation and social security 3,707 1,153
Accruals and deferred income 1,454
Other creditors 507,816 526,614
Total 511,523 529,221