Registered number
03168600
Vemar Limited
Filleted Accounts
31 March 2022
Vemar Limited
Registered number: 03168600
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,737,500 2,737,500
Current assets
Cash at bank and in hand 13,036 17,348
Creditors: amounts falling due within one year 4 (1,615) (1,091)
Net current assets 11,421 16,257
Total assets less current liabilities 2,748,921 2,753,757
Creditors: amounts falling due after more than one year 5 (492,129) (497,229)
Net assets 2,256,792 2,256,528
Capital and reserves
Called up share capital 99 99
Redem reserve - b/fwd 1 1
Revaluation reserve 6 2,079,734 2,079,734
Profit and loss account 176,958 176,694
Shareholders' funds 2,256,792 2,256,528
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
……………………………………..
S H Roberts
Director
Approved by the board on 13 September 2022
Vemar Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2021 2,737,500
At 31 March 2022 2,737,500
Depreciation
At 31 March 2022 -
Net book value
At 31 March 2022 2,737,500
At 31 March 2021 2,737,500
4 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 1,615 1,091
5 Creditors: amounts falling due after one year 2022 2021
£ £
Other creditors 492,129 497,229
6 Revaluation reserve 2022 2021
£ £
At 1 April 2021 2,079,734 2,079,734
At 31 March 2022 2,079,734 2,079,734
7 Other information
Vemar Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Bedfordshire
LU7 2LX
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