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REGISTERED NUMBER: 08983235 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

VIP Investments (Rainham) Limited

VIP Investments (Rainham) Limited (Registered number: 08983235)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIP Investments (Rainham) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D T Andrews





REGISTERED OFFICE: Frog Lane
Off Marsh Way
Rainham
Essex
RM13 8UG





REGISTERED NUMBER: 08983235 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

VIP Investments (Rainham) Limited (Registered number: 08983235)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,641,906 1,641,906

CURRENT ASSETS
Debtors 6 711,931 503,233
Cash at bank 18,660 73,846
730,591 577,079
CREDITORS
Amounts falling due within one year 7 659,911 902,779
NET CURRENT ASSETS/(LIABILITIES) 70,680 (325,700 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,712,586

1,316,206

CREDITORS
Amounts falling due after more than one
year

8

469,783

529,733
NET ASSETS 1,242,803 786,473

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 51,800 51,800
Retained earnings 1,190,703 734,373
SHAREHOLDERS' FUNDS 1,242,803 786,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VIP Investments (Rainham) Limited (Registered number: 08983235)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 2 November 2023 and were signed by:





D T Andrews - Director


VIP Investments (Rainham) Limited (Registered number: 08983235)

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

1. STATUTORY INFORMATION

VIP Investments (Rainham) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents rent receivable.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

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 balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2022
and 31 March 2023 1,641,906
NET BOOK VALUE
At 31 March 2023 1,641,906
At 31 March 2022 1,641,906

There is inevitably a degree of judgement in valuing properties of this nature, which could only be tested in the market itself. The directors consider that the cost of undertaking a professional valuation would outweigh any potential benefits.

VIP Investments (Rainham) Limited (Registered number: 08983235)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 27,791 25,322
Other debtors 684,140 477,911
711,931 503,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 59,949 58,476
Trade creditors 56,554 35,532
Taxation and social security 249,175 151,721
Other creditors 294,233 657,050
659,911 902,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 469,783 529,733

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 529,732 588,209

The bank loan is secured by way of a fixed and floating charge over the company's current and future assets.