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REGISTERED NUMBER: 09337583 (England and Wales)














VAUXHALL WAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






VAUXHALL WAY LIMITED (REGISTERED NUMBER: 09337583)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VAUXHALL WAY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTOR: T S Sahota





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 09337583 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

VAUXHALL WAY LIMITED (REGISTERED NUMBER: 09337583)

STATEMENT OF FINANCIAL POSITION
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,726,978 2,506,978

CURRENT ASSETS
Debtors 6 3,537,676 3,434,859
Cash at bank 1,210,311 32,146
4,747,987 3,467,005
CREDITORS
Amounts falling due within one year 7 663,340 1,127,876
NET CURRENT ASSETS 4,084,647 2,339,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,811,625

4,846,107

CREDITORS
Amounts falling due after more than one
year

8

-

(7,500

)

PROVISIONS FOR LIABILITIES (9,500 ) (7,886 )
NET ASSETS 5,802,125 4,830,721

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Non distributable reserve 9 40,500 52,099
Retained earnings 9 5,761,525 4,778,522
SHAREHOLDERS' FUNDS 5,802,125 4,830,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VAUXHALL WAY LIMITED (REGISTERED NUMBER: 09337583)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2022 and were signed by:





T S Sahota - Director


VAUXHALL WAY LIMITED (REGISTERED NUMBER: 09337583)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Vauxhall Way Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

VAUXHALL WAY LIMITED (REGISTERED NUMBER: 09337583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 2,506,978
Disposals (800,000 )
Revaluations 20,000
At 31 December 2021 1,726,978
NET BOOK VALUE
At 31 December 2021 1,726,978
At 31 December 2020 2,506,978

Investment properties were valued on an open market basis on 31 December 2021 by the director.

If investment properties had not been revalued they would have been included at historical cost totalling £1,676,978.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 3,537,676 3,434,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 640,000
Taxation and social security 226,246 35,851
Other creditors 437,094 452,025
663,340 1,127,876

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 7,500

9. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 January 2021 4,778,522 52,099 4,830,621
Profit for the year 971,404 971,404
Trf of revaluation in year 11,599 (11,599 ) -
At 31 December 2021 5,761,525 40,500 5,802,025

VAUXHALL WAY LIMITED (REGISTERED NUMBER: 09337583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

10. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, brought forward loans in aggregate of £18,742 were repaid by the company. At the year end the director was owed £373,094.

11. COVID-19

During the current accounting period the world was dramatically affected by the Covid-19 pandemic. The director has reviewed the company's position at the balance sheet date and up to the date of signing these accounts and have concluded that there are no material post balance sheet event adjustments required to the carrying amounts of the company's assets and liabilities as a result of the pandemic. They also do not consider that there will be any material financial effect from the pandemic that will impact on the company's ability to continue as a going concern for a period of 12 months from the date of approval of these accounts.