2022-05-012023-04-302023-04-30false10675567VJK FUTURE 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VJK FUTURE LIMITED

Registered Number
10675567
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2023

VJK FUTURE LIMITED
Company Information
for the year from 1 May 2022 to 30 April 2023

Directors

MILLER, John Joseph
MILLER, Jonathan Robert

Registered Address

1 Gemini Court
42a Throwley Way
Sutton
SM1 4AF

Registered Number

10675567 (England and Wales)
VJK FUTURE LIMITED
Statement of Financial Position
30 April 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5190253
Investment property61,210,0001,104,079
1,210,1901,104,332
Current assets
Debtors-17,538
Cash at bank and on hand5,8031,913
5,80319,451
Creditors amounts falling due within one year10(83,132)(68,833)
Net current assets (liabilities)(77,329)(49,382)
Total assets less current liabilities1,132,8611,054,950
Creditors amounts falling due after one year11(977,552)(1,021,089)
Provisions for liabilities12(20,161)(48)
Net assets135,14833,813
Capital and reserves
Called up share capital102102
Revaluation reserve85,796-
Profit and loss account49,25033,711
Shareholders' funds8135,14833,813
The financial statements were approved and authorised for issue by the Board of Directors on 20 October 2023, and are signed on its behalf by:
MILLER, John Joseph
Director
MILLER, Jonathan Robert
Director

Registered Company No. 10675567
VJK FUTURE LIMITED
Notes to the Financial Statements
for the year ended 30 April 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Investment property policy
Investment Property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 May 22600600
At 30 April 23600600
Depreciation and impairment
At 01 May 22347347
Charge for year6363
At 30 April 23410410
Net book value
At 30 April 23190190
At 30 April 22253253
6.Investment property
The fair value of the investment property has been arrived at on the basis of a valuation made by the directors on an open market value basis by reference to market evidence of transactions prices for similar properties.

£
Fair value at 01 May 221,104,079
Fair value adjustments105,921
At 30 April 231,210,000
7.Description of financial commitments other than capital commitments
National Westminster Bank PLC hold charges over the assets of the company.
8.Movements in revaluation reserve

£
Revaluations of other assets105,921
Deferred Tax on Revaluations(20,125)
At 30 April 2385,796
9.Debtors within one year

2023

2022

££
Trade debtors / trade receivables-17,538
Total-17,538
10.Creditors within one year

2023

2022

££
Bank borrowings and overdrafts43,63144,401
Taxation and social security6,53410,260
Other creditors21,190686
Accrued liabilities and deferred income11,77713,486
Total83,13268,833
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts664,674708,210
Other creditors312,878312,879
Total977,5521,021,089
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)20,16148
Total20,16148