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Company Registration No. 10619666 (England and Wales)
VCG PROPERTY LIMITED Unaudited accounts for the year ended 28 February 2023
VCG PROPERTY LIMITED Unaudited accounts Contents
Page
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VCG PROPERTY LIMITED Company Information for the year ended 28 February 2023
Directors
Victoria Clare Grant Pickford Joshua James Pickford
Company Number
10619666 (England and Wales)
Registered Office
Old Coach House Bulls Lane Salisbury Wiltshire SP5 5DJ England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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VCG PROPERTY LIMITED Accountants' report
Accountants' report to the board of directors of VCG PROPERTY LIMITED on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VCG PROPERTY LIMITED for the year ended 28 February 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of VCG PROPERTY LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of VCG PROPERTY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VCG PROPERTY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that VCG PROPERTY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of VCG PROPERTY LIMITED. You consider that VCG PROPERTY 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 accounts of VCG PROPERTY 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 3 August 2023
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VCG PROPERTY LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
406,115 
406,115 
Investment property
305,246 
305,246 
711,361 
711,361 
Current assets
Cash at bank and in hand
2,971 
5,548 
Creditors: amounts falling due within one year
(225,889)
(260,689)
Net current liabilities
(222,918)
(255,141)
Total assets less current liabilities
488,443 
456,220 
Creditors: amounts falling due after more than one year
(436,716)
(436,716)
Net assets
51,727 
19,504 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
51,717 
19,494 
Shareholders' funds
51,727 
19,504 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by
Joshua James Pickford Director Company Registration No. 10619666
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VCG PROPERTY LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
VCG PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10619666. The registered office is Old Coach House, Bulls Lane, Salisbury, Wiltshire, SP5 5DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 20% and 25% on cost
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VCG PROPERTY LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 March 2022
398,812 
42,199 
441,011 
Revaluations
7,302 
- 
7,302 
At 28 February 2023
406,114 
42,199 
448,313 
Depreciation
At 1 March 2022
- 
34,896 
34,896 
Charge for the year
- 
7,302 
7,302 
At 28 February 2023
- 
42,198 
42,198 
Net book value
At 28 February 2023
406,114 
1 
406,115 
At 28 February 2022
398,812 
7,303 
406,115 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
305,246 
At 28 February 2023
305,246 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,590 
2,716 
Loans from directors
216,879 
257,553 
Accruals
420 
420 
225,889 
260,689 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
436,716 
436,716 
Aggregate of amounts that fall due for payment after five years
- 
436,716 
8
Transactions with related parties
At the period end, the company owed £216,879 (2022 - £257,553) to the Directors. The loan is interest fee and repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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