Registered number
12420657
VIVRE HOMES 2 LTD
Filleted Accounts
30 June 2023
VIVRE HOMES 2 LTD
Registered number: 12420657
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,943,109 1,721,213
Current assets
Cash at bank and in hand 10,042 37,610
Creditors: amounts falling due within one year 4 (7,761) (1,554)
Net current assets 2,281 36,056
Total assets less current liabilities 1,945,390 1,757,269
Creditors: amounts falling due after more than one year 5 (1,921,285) (1,781,285)
Net assets/(liabilities) 24,105 (24,016)
Capital and reserves
Called up share capital 2 2
Profit and loss account 24,103 (24,018)
Shareholders' funds 24,105 (24,016)
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.
C M Aston
Director
Approved by the board on 12 December 2023
VIVRE HOMES 2 LTD
Notes to the Accounts
for the year ended 30 June 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).
Rental income
Rental income represents the value of rents receivable under occupational leases and is credited to the profit and loss account on a straight line basis over the terms of the leases.
Investment properties
Investment properties are included at the purchased cost including directly attributable expenditure. Changes in fair value of the property are recognised through the profit and loss account of the period. Depreciation is not provided in respect of freehold investment properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment properties
£
Cost
At 1 July 2022 1,721,213
Additions 221,896
At 30 June 2023 1,943,109
Depreciation
At 30 June 2023 -
Net book value
At 30 June 2023 1,943,109
At 30 June 2022 1,721,213
Freehold land and buildings: 2023 2022
£ £
Historical cost 1,943,109 1,721,213
Cumulative depreciation based on historical cost - -
1,943,109 1,721,213
The investment properties were valued on 30 June 2023 by the directors.The directors are of the opinion that this fairly represents an open market value on an existing use basis.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 6,160 -
Other creditors 1,601 1,554
7,761 1,554
5 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,921,285 1,781,285
6 Related party transactions
At 30 June 2023 the amount of £1,921285.(2022:£1,781,285) was shown due to The Sugarhouse Group Ltd. C Aston and R Napier are directors and shareholders of The Sugarhouse Group Ltd.
7 Controlling party
The Company is owned and controlled by the directors. No single director has control.
8 Other information
VIVRE HOMES 2 LTD is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor, Richmond House
47 Headingley Lane
Leeds
West Yorkshire
LS6 1DP
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