Vendeana Properties Limited |
Registered Number:01111057 |
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2023
Vendeana Properties Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Vendeana Properties Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
57,572
234,581
2
67,520
(130,000)
3
(72,428)
302,101
Trade and other receivables |
600
157,500
4
10,881
Cash and cash equivalents |
223,890
381,390
11,481
Trade and other payables: amounts falling due within one |
year |
(20,869)
(80,161)
5
(9,388)
301,229
Net current assets
Total assets less current liabilities |
228,801
292,713
Trade and other payables: amounts falling due after more |
than one year |
(76,941)
5,000
6
233,801
Net assets
215,772
90
90
233,711
215,682
233,801
215,772
Shareholders' funds
For the year ended 30 April 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 20 June 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2023
Vendeana Properties Limited
Notes to the Financial Statements
Statutory Information
Vendeana Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 01111057. |
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Government grants
During the year the company recieved a Government Grant due to the impact of COVID 19, this has been charged to the profit and loss account. Although the full impact of COVID 19 is still uncertain the directors believe that there will not be any ongoing affect on the business and therefore accounts have been prepared on a going concern basis. |
2. Property, plant and equipment |
234,581
(177,009)
57,572
57,572
234,581
2 of 4
For the year ended 30 April 2023
Vendeana Properties Limited
Notes to the Financial Statements Continued
3. Investments held as fixed assets |
Loans to Group and participating interests |
(130,000)
(130,000)
(130,000)
(130,000)
(130,000)
(130,000)
4. Trade and other receivables |
2022
2023
157,500
600
The debtors above include the following amounts falling due after more than one year: |
147,500
-
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
-
6,312
Taxation and social security |
4,229
3,601
75,932
10,956
80,161
20,869
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
-
76,941
(5,000)
-
(5,000)
76,941
3 of 4
For the year ended 30 April 2023
Vendeana Properties Limited
Notes to the Financial Statements Continued
7. Related party transactions |
the DirectorsThe company was under the control of (Controlling Party) during this year.
8. Average number of persons employed |
During the year the average number of employees was 0
4 of 4