REGISTERED NUMBER: 08422249 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

VEDRA INVESTMENTS LIMITED

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

5

Chartered Certified Accountants' Report

8

DIRECTORS:

Mrs K R Staley

D Ellis

G L Ellis

REGISTERED OFFICE:

Cotleigh

Roedowns Road

Medstead

Alton

Hampshire

GU34 5LG

REGISTERED NUMBER:

08422249 (England and Wales)

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

TURNOVER

-

-

Administrative expenses

15,340

9,330

(15,340

)

(9,330

)

Other operating income

26,481

26,290

Gain/loss on revaluation of investment property

-

11,000

OPERATING PROFIT

11,141

27,960

Interest receivable and similar income

19

1

PROFIT BEFORE TAXATION

11,160

27,961

Tax on profit

2,120

5,313

PROFIT FOR THE FINANCIAL YEAR

9,040

22,648

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

535,000

535,000

535,000

535,000

CURRENT ASSETS

Debtors

6

1,882

2,282

Cash at bank and in hand

11,543

13,657

13,425

15,939

CREDITORS

Amounts falling due within one year

7

353,393

364,947

NET CURRENT LIABILITIES

(339,968

)

(349,008

)

TOTAL ASSETS LESS CURRENT LIABILITIES

195,032

185,992

PROVISIONS FOR LIABILITIES

13,101

13,101

NET ASSETS

181,931

172,891

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

90,373

90,373

Retained earnings

91,458

82,418

SHAREHOLDERS' FUNDS

181,931

172,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered 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 28 September 2023 and were signed on its behalf by:

G L Ellis - Director

1.	STATUTORY INFORMATION

Vedra Investments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

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

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rental income

The company receives rental income which is recognised on a straight line basis over the period of the agreement. The fair values of assets used to generate this income is disclosed in the note to investment properties. The managing agents control the general repairs and maintenance of properties to ensure applicable contractual obligations are fulfilled.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2022

and 28 February 2023

737

DEPRECIATION

At 1 March 2022

and 28 February 2023

737

NET BOOK VALUE

At 28 February 2023

-

At 28 February 2022

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2022

and 28 February 2023

535,000

NET BOOK VALUE

At 28 February 2023

535,000

At 28 February 2022

535,000

Fair value at 28 February 2023 is represented by:

£

Valuation in 2017

9,374

Valuation in 2018

9,100

Valuation in 2019

21,000

Valuation in 2020

44,000

Valuation in 2021

9,000

Valuation in 2022

11,000

Cost

431,526

535,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

545

Other debtors

1,882

1,737

1,882

2,282

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

2,120

3,223

Other creditors

351,273

361,724

353,393

364,947

8.	CALLED UP SHARE CAPITAL

9.

RESERVES

Fair

value

reserve

£

At 1 March 2022

and 28 February 2023

90,373

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vedra Investments Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Vedra Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vedra Investments Limited and state those matters that we have agreed to state to the Board of Directors of Vedra Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Vedra Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vedra Investments Limited. You consider that Vedra Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vedra Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

28 September 2023