Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2No description of principal activity22022-04-01falsefalsetrue 08560663 2022-04-01 2023-03-31 08560663 2021-04-01 2022-03-31 08560663 2023-03-31 08560663 2022-03-31 08560663 c:Director2 2022-04-01 2023-03-31 08560663 d:CurrentFinancialInstruments 2023-03-31 08560663 d:CurrentFinancialInstruments 2022-03-31 08560663 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08560663 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08560663 d:ShareCapital 2023-03-31 08560663 d:ShareCapital 2022-03-31 08560663 d:RetainedEarningsAccumulatedLosses 2023-03-31 08560663 d:RetainedEarningsAccumulatedLosses 2022-03-31 08560663 c:OrdinaryShareClass1 2022-04-01 2023-03-31 08560663 c:OrdinaryShareClass1 2023-03-31 08560663 c:OrdinaryShareClass1 2022-03-31 08560663 c:FRS102 2022-04-01 2023-03-31 08560663 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08560663 c:FullAccounts 2022-04-01 2023-03-31 08560663 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08560663 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08560663













LONDON VECTIS LIMITED
UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023


 
LONDON VECTIS LIMITED
REGISTERED NUMBER:08560663


BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
718,118
-

Cash at bank and in hand
  
908,600
1,641,572

  
1,626,718
1,641,572

Creditors: amounts falling due within one year
 4 
(47,301)
(62,936)

Net current assets
  
 
 
1,579,417
 
 
1,578,636

Total assets less current liabilities
  
1,579,417
1,578,636

  

Net assets
  
1,579,417
1,578,636


Capital and reserves
  

Called up share capital 
 5 
1,500,000
1,500,000

Profit and loss account
  
79,417
78,636

  
1,579,417
1,578,636


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2023.




S F Dabell
Director

Page 1


 
LONDON VECTIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

London Vectis Limited is incorporated and domiciled in England and Wales.  The registered office is Harwood House, 43 Harwood Road, London, SW6 4QP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of properties sold during the year, exclusive of value added tax.

  
2.3

Stocks and work in progress

Stock consists of work in progress relating to property under development and is valued at the lower of cost and net realisable value.  Cost includes all direct costs relating to the property development.  All costs associated with finance raised by the company in order to be able to undertake these developments, including loan arrangement fees and interest payable, are taken to the profit and loss account as incurred.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans with related parties.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2


 
LONDON VECTIS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
40,000
40,000

Trade creditors
3,833
3,180

Corporation tax
168
16,576

Other creditors
120
-

Accruals and deferred income
3,180
3,180

47,301
62,936



5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,500,000 (2022 - 1,500,000) Ordinary shares of £1.00 each
1,500,000
1,500,000


 
Page 3