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REGISTERED NUMBER: 12170787 (England and Wales)















VINCENT-BUTLER HOMES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






VINCENT-BUTLER HOMES LTD (REGISTERED NUMBER: 12170787)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VINCENT-BUTLER HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: P J Paul
I T Paul





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 12170787 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

VINCENT-BUTLER HOMES LTD (REGISTERED NUMBER: 12170787)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,769,745
Investment property 5 1,992,342 -
1,992,342 1,769,745

CURRENT ASSETS
Debtors 6 8,158 1,846
Cash at bank 66,201 94,060
74,359 95,906
CREDITORS
Amounts falling due within one year 7 192,512 17,927
NET CURRENT (LIABILITIES)/ASSETS (118,153 ) 77,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,874,189

1,847,724

CREDITORS
Amounts falling due after more than one
year

8

(1,167,620

)

(1,147,496

)

PROVISIONS FOR LIABILITIES (190,339 ) (141,760 )
NET ASSETS 516,230 558,468

VINCENT-BUTLER HOMES LTD (REGISTERED NUMBER: 12170787)

BALANCE SHEET - continued
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 571,018 604,344
Retained earnings (54,790 ) (45,878 )
SHAREHOLDERS' FUNDS 516,230 558,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2023 and were signed on its behalf by:





P J Paul - Director


VINCENT-BUTLER HOMES LTD (REGISTERED NUMBER: 12170787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Vincent-Butler Homes 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided

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 Profit and Loss, 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.

VINCENT-BUTLER HOMES LTD (REGISTERED NUMBER: 12170787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st September 2022 1,769,745
Reclassification/transfer (1,769,745 )
At 31st August 2023 -
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 1,769,745

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 207,343
Revaluations 15,254
Reclassification/transfer 1,769,745
At 31st August 2023 1,992,342
NET BOOK VALUE
At 31st August 2023 1,992,342

Fair value at 31st August 2023 is represented by:
£   
Valuation in 2021 276,398
Valuation in 2022 469,706
Valuation in 2023 15,254
Cost 1,230,984
1,992,342

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,800 -
Prepayments 3,358 1,846
8,158 1,846

VINCENT-BUTLER HOMES LTD (REGISTERED NUMBER: 12170787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,576 9,576
Trade creditors 81 -
Directors' loan accounts 180,951 5,859
Accruals and deferred income 1,904 2,492
192,512 17,927

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,167,620 1,147,496

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Fair
value
reserve
£   
At 1st September 2022 604,344
Transfer to Fair Value Reserve (33,326 )

At 31st August 2023 571,018

11. RELATED PARTY DISCLOSURES

As at 31 August 2023 the directors I T Paul and PJ Paul are owed £180,951 (2022 - £5,859) by the company.