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Logo On Report
Registered Number: 05328417
England and Wales

 

 

 

VERRIER PRIVATE COMPANY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
Report to the directors on the preparation of the unaudited statutory accounts of Verrier Private Company Ltd for the year ended 31 January 2023

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Verrier Private Company Ltd for the year ended 31 January 2021 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.



This report is made solely to the Board of Directors of Verrier Private Company Ltd, as a body, in accordance with the terms of our engagement letter dated 15th April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Verrier Private Company Ltd and state those matters that we have agreed to state to the Board of Directors of Verrier Private Company Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Verrier Private Company Ltd and its Board of Directors as a body for our work or for this report.


It is your duty to ensure that Verrier Private Company Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Verrier Private Company Ltd. You consider that Verrier Private Company Ltd is exempt from the statutory audit requirement for the year.



....................................................
M3 Evolve
169 Moor Lane
Upminster
Essex
RM14 1HQ
28 September 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 3,233,856    2,992,633 
3,233,856    2,992,633 
Current assets      
Debtors 2,867    4,451 
Cash at bank and in hand 38,178    3,430 
41,045    7,881 
Creditors: amount falling due within one year (5,656)   (14,595)
Net current assets 35,389    (6,714)
 
Total assets less current liabilities 3,269,245    2,985,919 
Creditors: amount falling due after more than one year (2,550,428)   (2,199,646)
Provisions for liabilities (145,575)   (145,575)
Net assets 573,242    640,698 
 

Capital and reserves
     
Called up share capital 5    5 
Fair Value Reserves 4 496,704    496,704 
Profit and loss account 76,533    143,989 
Shareholder's funds 573,242    640,698 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 September 2023 and were signed on its behalf by:


-------------------------------
Daniel Verrier
Director
2
General Information
Verrier Private Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 05328417, registration address 169 Moor Lane, Upminster, Essex, RM14 1HQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Revenue represents rents receivable.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
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:
Computer Equipment 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 2 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Investment properties   Total
  £   £   £
At 01 February 2022 4,330    2,992,161    2,996,491 
Additions   241,695    241,695 
Disposals (4,330)     (4,330)
At 31 January 2023   3,233,856    3,233,856 
Depreciation
At 01 February 2022 3,858      3,858 
Charge for year    
On disposals (3,858)     (3,858)
At 31 January 2023    
Net book values
Closing balance as at 31 January 2023   3,233,856    3,233,856 
Opening balance as at 01 February 2022 472    2,992,161    2,992,633 


4.

Fair Value Reserves

2023
£
  2022
£
Fair Value Reserve b/fwd 496,704    496,704 
496,704    496,704 

3