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REGISTERED NUMBER: 11757248 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

VDBi Limited

VDBi Limited (Registered number: 11757248)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


VDBi Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: J J van den Burg
L M Vandenburg





REGISTERED OFFICE: 26 Little Fryth
Finchampstead
Wokingham
Berkshire
RG40 3RN





REGISTERED NUMBER: 11757248 (England and Wales)





ACCOUNTANTS: Millward, May & Co
Suite 9 Market House
21 Market Place
Wokingham
Berkshire
RG40 1AP

VDBi Limited (Registered number: 11757248)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 436,000 414,000

CURRENT ASSETS
Debtors 5 78,866 151,670
Cash at bank 156,109 16,537
234,975 168,207
CREDITORS
Amounts falling due within one year 6 611,691 549,336
NET CURRENT LIABILITIES (376,716 ) (381,129 )
TOTAL ASSETS LESS CURRENT LIABILITIES 59,284 32,871

PROVISIONS FOR LIABILITIES 11,500 10,614
NET ASSETS 47,784 22,257

CAPITAL AND RESERVES
Called up share capital 7 120 120
Other reserves 57,163 45,249
Retained earnings (9,499 ) (23,112 )
SHAREHOLDERS' FUNDS 47,784 22,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





J J van den Burg - Director


VDBi Limited (Registered number: 11757248)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

VDBi Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 414,000
Additions 7,291
Revaluations 14,709
At 31 January 2023 436,000
NET BOOK VALUE
At 31 January 2023 436,000
At 31 January 2022 414,000

VDBi Limited (Registered number: 11757248)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2022 55,863
Valuation in 2023 14,709
Cost 365,428
436,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 365,428 358,137

Investment property was valued on an open market basis on 31 January 2023 by Zoopla .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 78,866 151,670

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other creditors 611,691 549,336

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
120 Ordinary £1 120 120

8. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £609,375 (2022 - £547,629). This loan is interest free, repayable on demand and shown within other creditors.

During the period the company maintained a loan account with a connected company. The companies are connected through the significant interest of the directors. At the period end the connected company owed the company £78,011 (2022 - £150,000). This loan is interest bearing and shown within other debtors.