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COMPANY REGISTRATION NUMBER: 09978470
Vanguard Right to Build Limited
Filleted Unaudited Financial Statements
28 February 2023
Vanguard Right to Build Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
Current assets
Debtors
3
2,314
1,909
Cash at bank and in hand
19,994
19,994
-------
-------
22,308
21,903
Creditors: amounts falling due within one year
4
3,393
3,393
-------
-------
Net current assets
18,915
18,510
-------
-------
Total assets less current liabilities
18,915
18,510
Accruals and deferred income
2,365
1,960
-------
-------
Net assets
16,550
16,550
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
16,549
16,549
-------
-------
Shareholders funds
16,550
16,550
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 September 2023 , and are signed on behalf of the board by:
I.J. Kibble
Director
Company registration number: 09978470
Vanguard Right to Build Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales with the company registration number 09978470 . The address of the registered office is 5 Silk Mill Court, Silk Mill Lane, Winchcombe, GL54 5HZ.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
3. Debtors
2023
2022
£
£
Trade debtors
2,313
1,908
Other debtors
1
1
------
------
2,314
1,909
------
------
4. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
3,393
3,393
------
------
5. Director's advances, credits and guarantees
At the reporting date a directors loan account was in credit by £3,393 (2021: £3,393). There is no fixed term for repayment and no interest is charged.
6. Related party transactions
The company was under the control of I.J. Kibble during the current and previous period.