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REGISTERED NUMBER: 03272183 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2022

for

VIRTUAL OFFICE SERVICES LIMITED

VIRTUAL OFFICE SERVICES LIMITED (REGISTERED NUMBER: 03272183)

Contents of the Financial Statements
for the year ended 30 November 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VIRTUAL OFFICE SERVICES LIMITED

Company Information
for the year ended 30 November 2022







Directors: R P Nissen
A C F Nissen





Secretary: A C F Nissen





Registered office: 180 Piccadilly
London
W1J 9HF





Registered number: 03272183 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY

VIRTUAL OFFICE SERVICES LIMITED (REGISTERED NUMBER: 03272183)

Balance Sheet
30 November 2022

2022 2021
Notes £ £
Current assets
Debtors 4 117,348 143,754

Creditors
Amounts falling due within one year 5 104,491 110,841
Net current assets 12,857 32,913
Total assets less current liabilities 12,857 32,913

Capital and reserves
Called up share capital 6 2 2
Retained earnings 12,855 32,911
Shareholders' funds 12,857 32,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2023 and were signed on its behalf by:





A C F Nissen - Director


VIRTUAL OFFICE SERVICES LIMITED (REGISTERED NUMBER: 03272183)

Notes to the Financial Statements
for the year ended 30 November 2022


1. Statutory information

Virtual Office Services Limited is a private company, limited by shares, registered in the United Kingdom. The company's registered office 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.

Going concern
The financial statements have been prepared on a going concern basis. The basis is considered appropriate by the directors.

The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

The financial statements do not include any adjustments that would be required if the going concern concept was not deemed appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade and other debtors is carried out regularly. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the services have been provided.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current tax.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VIRTUAL OFFICE SERVICES LIMITED (REGISTERED NUMBER: 03272183)

Notes to the Financial Statements - continued
for the year ended 30 November 2022


3. Employees and directors

The average number of employees during the year was 5 (2021 - 4 ) .

4. Debtors: amounts falling due within one year
2022 2021
£ £
Trade debtors 29,771 33,681
Amounts owed by group undertakings 83,890 105,872
Prepayments and accrued income 3,687 4,201
117,348 143,754

5. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 1,073 324
Other creditors 102,910 108,507
Accrued expenses 508 2,010
104,491 110,841

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
2 Ordinary £1 2 2

7. Ultimate parent company

The company's ultimate parent undertaking is The Virtual Office Group Limited, a company incorporated in England and Wales.