Vestbrown Family Investments Limited 12370244 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c. Digita Accounts Production Advanced 6.30.9574.0 true 12370244 2022-01-01 2022-12-31 12370244 2022-12-31 12370244 core:RetainedEarningsAccumulatedLosses 2022-12-31 12370244 core:ShareCapital 2022-12-31 12370244 core:CurrentFinancialInstruments 2022-12-31 12370244 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12370244 bus:SmallEntities 2022-01-01 2022-12-31 12370244 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 12370244 bus:FullAccounts 2022-01-01 2022-12-31 12370244 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 12370244 bus:RegisteredOffice 2022-01-01 2022-12-31 12370244 bus:CompanySecretary1 2022-01-01 2022-12-31 12370244 bus:Director1 2022-01-01 2022-12-31 12370244 bus:Director2 2022-01-01 2022-12-31 12370244 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12370244 countries:EnglandWales 2022-01-01 2022-12-31 12370244 2021-01-01 2021-12-31 12370244 2021-12-31 12370244 core:RetainedEarningsAccumulatedLosses 2021-12-31 12370244 core:ShareCapital 2021-12-31 12370244 core:CurrentFinancialInstruments 2021-12-31 12370244 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 12370244

Vestbrown Family Investments Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Vestbrown Family Investments Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Vestbrown Family Investments Limited

Company Information

Directors

Mr M F Hogan

Mr P S Coates

Company secretary

Mrs Jennifer Moralee

Registered office

Dere Street House
Bowburn North Industrial Estate
Bowburn
Durham
DH6 5PF

Accountants

Azets
Bulman House
Regent Centre
Gosforth
Newcastle upon Tyne
NE3 3LS

 

Vestbrown Family Investments Limited

(Registration number: 12370244)
Statement of Financial Position as at 31 December 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

407,507

7

Cash at bank and in hand

 

2,185

-

 

409,692

7

Creditors: Amounts falling due within one year

5

(422,666)

-

Net (liabilities)/assets

 

(12,974)

7

Capital and reserves

 

Called up share capital

7

7

Profit and loss account

(12,981)

-

Total equity

 

(12,974)

7

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised for issue by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
Mr M F Hogan
Director

 

Vestbrown Family Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is Dere Street House, Bowburn North Industrial Estate, Bowburn, Durham, DH6 5PF.United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Vestbrown Family Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

4

Debtors

Note

2022
£

2021
£

Amounts owed by group undertakings

407,500

-

Other debtors

 

7

7

 

407,507

7

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

1,500

-

Other creditors

421,166

-

422,666

-