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REGISTERED NUMBER: 06399935 (England and Wales)


















VSGE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 24 DECEMBER 2022






VSGE PROPERTIES LIMITED (REGISTERED NUMBER: 06399935)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 24 DECEMBER 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VSGE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 24 DECEMBER 2022







DIRECTORS: Mr M L Evans
Mr E Cole





SECRETARY: Mr M L Evans





REGISTERED OFFICE: 16 Druslyn Road
West Cross
Swansea
West Glamorgan
SA3 5QQ





REGISTERED NUMBER: 06399935 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

VSGE PROPERTIES LIMITED (REGISTERED NUMBER: 06399935)

ABRIDGED BALANCE SHEET
24 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,098 161,098

CURRENT ASSETS
Cash at bank 815 815

CREDITORS
Amounts falling due within one year 84,916 89,039
NET CURRENT LIABILITIES (84,101 ) (88,224 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,997

72,874

CREDITORS
Amounts falling due after more than
one year

5

38,050

35,377
NET ASSETS 38,947 37,497

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,945 37,495
SHAREHOLDERS' FUNDS 38,947 37,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 December 2022 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.

VSGE PROPERTIES LIMITED (REGISTERED NUMBER: 06399935)

ABRIDGED BALANCE SHEET - continued
24 DECEMBER 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 24 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 December 2023 and were signed on its behalf by:





Mr M L Evans - Director


VSGE PROPERTIES LIMITED (REGISTERED NUMBER: 06399935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 24 DECEMBER 2022


1. STATUTORY INFORMATION

VSGE Properties Limited 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.

The accounts are prepared on a going concern basis as the company continues to benefit from the support of the directors and its bankers.

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.
Land and buildings - not provided
Plant and machinery etc - Straight line over 3 years

Taxation
Taxation for the period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 24 December 2022 162,598
DEPRECIATION
At 1 January 2022
and 24 December 2022 1,500
NET BOOK VALUE
At 24 December 2022 161,098
At 31 December 2021 161,098

VSGE PROPERTIES LIMITED (REGISTERED NUMBER: 06399935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 24 DECEMBER 2022


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 32,011 12,609

6. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 39,560 41,069