VM2R PROPERTY INVESTMENTS LIMITED

Company Registration Number:
06469816 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

VM2R PROPERTY INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

VM2R PROPERTY INVESTMENTS LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 275,000 275,000
Total fixed assets: 275,000 275,000
Current assets
Debtors: 4 100 100
Cash at bank and in hand: 8,816 17,064
Total current assets: 8,916 17,164
Creditors: amounts falling due within one year: 5 (46,677) (60,856)
Net current assets (liabilities): (37,761) (43,692)
Total assets less current liabilities: 237,239 231,308
Creditors: amounts falling due after more than one year: 6 (171,700) (171,700)
Provision for liabilities: (17,310) (13,156)
Total net assets (liabilities): 48,229 46,452
Capital and reserves
Called up share capital: 368 100
Profit and loss account: 47,861 46,352
Shareholders funds: 48,229 46,452

The notes form part of these financial statements

VM2R PROPERTY INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 October 2023
and signed on behalf of the board by:

Name: Mr R J Davies
Status: Director

The notes form part of these financial statements

VM2R PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the rental income received by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

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.

Other accounting policies

Investment propertyInvestment properties are included in the balance sheet at their fair value at the balance sheet date. The resulting aggregate surplus or deficit is recognised in the income statement. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.Deferred TaxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

VM2R PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

VM2R PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 275,000
At 31 January 2023 275,000
Net book value
At 31 January 2023 275,000
At 31 January 2022 275,000

VM2R PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Debtors

Debtors comprise of: Other debtors - £100 (2022 - £100)

VM2R PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due within one year note

Trade creditors - £nil (2022 - £1,320)Other creditors - £46,677 (2022 - £59,536)

VM2R PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Creditors: amounts falling due after more than one year note

Bank loans and overdraft (secured) - £171,700 (2022 - £171,700)Bank loans and overdraft are secured against the assets to which they relate.