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Registration number: 14008468

Viburnum Estates Ltd

Unaudited Filleted Financial Statements

for the Period from 29 March 2022 to 28 February 2023

 

Viburnum Estates Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Viburnum Estates Ltd

(Registration number: 14008468)
Statement of Financial Position as at 28 February 2023

Note

2023
£

Fixed assets

 

Investments

4

100

Current assets

 

Debtors

5

100

Cash at bank and in hand

 

1,000

 

1,100

Creditors: Amounts falling due within one year

6

(2,950)

Net current liabilities

 

(1,850)

Net liabilities

 

(1,750)

Capital and reserves

 

Called up share capital

7

200

Profit and loss account

(1,950)

Shareholders' deficit

 

(1,750)

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 25 November 2023
 

.........................................
J W Mulley
Director

 

Viburnum Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of a holding company

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Group accounts not prepared

Group accounts have not been prepared on the basis that the group qualifies as a small group..

Going concern

The financial statements have been prepared on a going concern basis. This is based on the continued support of the director and the company's subsidiary.

 

Viburnum Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2022 to 28 February 2023 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Viburnum Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2022 to 28 February 2023 (continued)

4

Investments

2023
£

Investments in subsidiaries

100

Subsidiaries

£

Cost or valuation

Additions

100

Provision

Carrying amount

At 28 February 2023

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

Subsidiary undertakings

Viburnum SW Ltd

C/oWomble Bond Dickinson (UK) LLP
The Spark,
Drayman's Way
Newcastle Helix,
Newcastle Upon Tyne
NE4 5DE

England & Wales

Ordinary share capital

100%

Subsidiary undertakings

Viburnum SW Ltd

The principal activity of Viburnum SW Ltd is is that of housebuilding and development of building projects. Its financial period end is 31 August.

 

Viburnum Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2022 to 28 February 2023 (continued)

5

Debtors

2023
£

Other debtors

100

100

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

2,410

Accruals and deferred income

 

540

 

2,950

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary £1 shares of £1 each

100

100

     

Allotted, called up and not fully paid shares

 

2023

 

No.

£

Ordinary £1 shares of £1 each

100

100

     

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Viburnum Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2022 to 28 February 2023 (continued)

9

Related party transactions

Summary of transactions with subsidiaries

Viburnum SW Ltd
 Loan of £2,410 was received from subsidiary in period and is included in creditors.
 Loan is interest free and repayable on demand