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Company Registration No. 12463624 (England and Wales)
VRRE Limited Unaudited accounts for the year ended 28 February 2023
VRRE Limited Unaudited accounts Contents
Page
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VRRE Limited Company Information for the year ended 28 February 2023
Director
Stefano Romanin
Company Number
12463624 (England and Wales)
Registered Office
20 North Audley Street London W1K 6LX United Kingdom
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VRRE Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
120,726 
126,970 
Investments
2,063,035 
- 
2,183,761 
126,970 
Current assets
Debtors
2,671 
2,356 
Cash at bank and in hand
48,523 
35,097 
51,194 
37,453 
Creditors: amounts falling due within one year
- 
(105)
Net current assets
51,194 
37,348 
Total assets less current liabilities
2,234,955 
164,318 
Creditors: amounts falling due after more than one year
(2,286,984)
(167,832)
Net liabilities
(52,029)
(3,514)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(52,129)
(3,614)
Shareholders' funds
(52,029)
(3,514)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Stefano Romanin Director Company Registration No. 12463624
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VRRE Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
VRRE Limited is a private company, limited by shares, registered in England and Wales, registration number 12463624. The registered office is 20 North Audley Street, London, W1K 6LX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will be able to continue trading for the foreseeable future. The director, having made reasonable enquiries, has determined that agreements in place will ensure that the business has the required resources to continue trading for the foreseeable future.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the life of the underlying lease asset
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2022
139,458 
At 28 February 2023
139,458 
Depreciation
At 1 March 2022
12,488 
Charge for the year
6,244 
At 28 February 2023
18,732 
Net book value
At 28 February 2023
120,726 
At 28 February 2022
126,970 
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VRRE Limited Notes to the Accounts for the year ended 28 February 2023
5
Investments
Other investments 
£ 
Valuation at 1 March 2022
- 
Additions
2,063,035 
Valuation at 28 February 2023
2,063,035 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,671 
2,356 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
105 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
2,286,984 
167,832 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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