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REGISTERED NUMBER: 09997280 (England and Wales)











Unaudited Financial Statements for the Year Ended 28 February 2023

for

VN Investments Ltd

VN Investments Ltd (Registered number: 09997280)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VN Investments Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A J Vickers
B L K Neo





REGISTERED OFFICE: Bell House
Ashford Hill
Thatcham
Berkshire
RG19 8BB





REGISTERED NUMBER: 09997280 (England and Wales)





ACCOUNTANTS: Richard Hopes Ltd
Bell House
Ashford Hill
Thatcham
Berkshire
RG19 8BB

VN Investments Ltd (Registered number: 09997280)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 801 943
Investment property 5 885,000 885,000
885,801 885,943

CURRENT ASSETS
Debtors 6 270 256
Cash at bank 11,944 10,421
12,214 10,677
CREDITORS
Amounts falling due within one year 7 136,306 147,245
NET CURRENT LIABILITIES (124,092 ) (136,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

761,709

749,375

CREDITORS
Amounts falling due after more than one
year

8

(618,524

)

(618,524

)

PROVISIONS FOR LIABILITIES (20,297 ) (20,324 )
NET ASSETS 122,888 110,527

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 85,881 85,881
Retained earnings 36,907 24,546
122,888 110,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VN Investments Ltd (Registered number: 09997280)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





A J Vickers - Director


VN Investments Ltd (Registered number: 09997280)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

VN Investments Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover consists of rental income received in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
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
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

VN Investments Ltd (Registered number: 09997280)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 2,500
DEPRECIATION
At 1 March 2022 1,557
Charge for year 142
At 28 February 2023 1,699
NET BOOK VALUE
At 28 February 2023 801
At 28 February 2022 943

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 885,000
NET BOOK VALUE
At 28 February 2023 885,000
At 28 February 2022 885,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2017 778,974
Valuation in 2018 71,026
Valuation in 2022 35,000
885,000

If Investment Properties had not been revalued they would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 778,974 778,974

Investment Properties were valued on an open market basis on 28 February 2023 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Prepayments and accrued income 270 256

VN Investments Ltd (Registered number: 09997280)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 2,926 865
Directors' loan accounts 132,180 145,180
Accruals and deferred income 1,200 1,200
136,306 147,245

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans more 5 yrs non-inst 618,524 618,524

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 618,524 618,524

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 618,524 618,524

10. RESERVES
Fair
value
reserve
£   
At 1 March 2022
and 28 February 2023 85,881