Registered number
13379828
Vineyard Property Group Ltd
Filleted Accounts
31 May 2023
Vineyard Property Group Ltd
Registered number: 13379828
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 515,904 246,859
Current assets
Debtors 4 - 77,647
Cash at bank and in hand 16,189 842
16,189 78,489
Creditors: amounts falling due within one year 5 (177,571) (164,008)
Net current liabilities (161,382) (85,519)
Total assets less current liabilities 354,522 161,340
Creditors: amounts falling due after more than one year 6 (367,775) (176,230)
Net liabilities (13,253) (14,890)
Capital and reserves
Called up share capital 200 200
Profit and loss account (13,453) (15,090)
Shareholders' funds (13,253) (14,890)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nathan Rodway
Director
Approved by the board on 14 February 2024
Vineyard Property Group Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 June 2022 246,859
Additions 269,045
At 31 May 2023 515,904
4 Debtors 2023 2022
£ £
Other debtors - 77,647
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 177,571 164,008
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 367,775 176,230
7 Other information
Vineyard Property Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
68 Upton Road
Moreton
Wirral
CH46 0SF
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