Registered number
10090621
VMB Estates Ltd
Filleted Accounts
30 September 2022
VMB Estates Ltd
Registered number: 10090621
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 730,961 730,961
Current assets
Debtors 4 7,748 5,449
Cash at bank and in hand 1,522 1,574
9,270 7,023
Creditors: amounts falling due within one year 5 (164,326) (167,050)
Net current liabilities (155,056) (160,027)
Total assets less current liabilities 575,905 570,934
Creditors: amounts falling due after more than one year 6 (453,646) (453,655)
Net assets 122,259 117,279
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 116,645 116,645
Profit and loss account 5,613 633
Shareholder's funds 122,259 117,279
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Neumann
Director
Approved by the board on 3 November 2023
VMB Estates Ltd
Notes to the Accounts
for the year ended 30 September 2022
1 Accounting policies
Basis of preparation
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2021 730,961
At 30 September 2022 730,961
Depreciation
At 30 September 2022 -
Net book value
At 30 September 2022 730,961
At 30 September 2021 730,961
4 Debtors 2022 2021
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 7,747 5,448
Other debtors 1 1
7,748 5,449
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 27,104 46,572
Amounts owed to group undertakings and undertakings in which the company has a participating interest 118,963 120,330
Taxation and social security costs 1,316 148
Other creditors 16,943 -
164,326 167,050
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 453,646 453,655
7 Revaluation reserve 2022 2021
£ £
At 1 October 2021 116,645 70,645
Gain on revaluation of land and buildings - 46,000
At 30 September 2022 116,645 116,645
8 Other information
VMB Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
55 Stanley Rd
Salford
M7 4FR
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