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REGISTERED NUMBER: 11313453 (England and Wales)













Unaudited Financial Statements

for the Year Ended 5 April 2023

for

Virgo Investments Ltd

Virgo Investments Ltd (Registered number: 11313453)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Virgo Investments Ltd

Company Information
for the Year Ended 5 April 2023







DIRECTORS: J M Brook
P Brook





REGISTERED OFFICE: Lower Plaza 1
Gateway Plaza
Fitzwilliam Street
Barnsley
South Yorkshire
S70 2RF





REGISTERED NUMBER: 11313453 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Virgo Investments Ltd (Registered number: 11313453)

Balance Sheet
5 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,124,458 1,184,137

CURRENT ASSETS
Cash at bank 53,161 65,264

CREDITORS
Amounts falling due within one year 5 1,080 5,526
NET CURRENT ASSETS 52,081 59,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,176,539

1,243,875

CREDITORS
Amounts falling due after more than one
year

6

(550,780

)

(550,780

)

PROVISIONS FOR LIABILITIES 8 (23,639 ) (35,631 )
NET ASSETS 602,120 657,464

CAPITAL AND RESERVES
Called up share capital 9 450,000 450,000
Fair value reserve 100,777 151,902
Retained earnings 51,343 55,562
SHAREHOLDERS' FUNDS 602,120 657,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Virgo Investments Ltd (Registered number: 11313453)

Balance Sheet - continued
5 April 2023


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 13 September 2023 and were signed on its behalf by:





J M Brook - Director


Virgo Investments Ltd (Registered number: 11313453)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Virgo Investments Ltd 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Financial instruments
Financial assets
Short term debtors and cash at bank are measured at amortised cost. Other financial assets, such as listed investments, are measured at fair value through the profit and loss account.

Financial liabilities
Short term trade creditors are measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Income recognition
Investment income is recognised when it can be measured reliably and it is probable that the income will be received.

Investments
Listed investments are included at fair value. Gains and losses are recognised in the Profit and Loss Account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the investments are sold.

Virgo Investments Ltd (Registered number: 11313453)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2022 1,184,137
Additions 250,668
Disposals (254,063 )
Revaluations (56,284 )
At 5 April 2023 1,124,458
NET BOOK VALUE
At 5 April 2023 1,124,458
At 5 April 2022 1,184,137

Cost or valuation at 5 April 2023 is represented by:

Other
investments
£   
Valuation in 2023 124,415
Cost 1,000,043
1,124,458

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 4,506
Accruals and deferred income 1,080 1,020
1,080 5,526

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 550,780 550,780

Virgo Investments Ltd (Registered number: 11313453)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 550,780 550,780

The bank loan attracts interest at 1.25% over base rate and is secured by way of a fixed and floating charge over the company and all assets.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,639 35,631

Deferred
tax
£   
Balance at 6 April 2022 35,631
Provided during year (11,992 )
Balance at 5 April 2023 23,639

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary A £1 2 2
449,998 Ordinary B £1 449,998 449,998
450,000 450,000