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REGISTERED NUMBER: 04700795 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

VOOMA PROPERTY INVESTMENTS LTD

VOOMA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 04700795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

VOOMA PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr R Van Der Merwe





SECRETARY: Mrs S Hans-Van Der Merwe





REGISTERED OFFICE: The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 04700795 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

VOOMA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 04700795)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125 147
Investments 5 246,000 246,000
246,125 246,147

CURRENT ASSETS
Cash at bank 568 453

CREDITORS
Amounts falling due within one year 6 50,729 51,517
NET CURRENT LIABILITIES (50,161 ) (51,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,964

195,083

CREDITORS
Amounts falling due after more than one
year

7

(132,288

)

(132,288

)

PROVISIONS FOR LIABILITIES (8,489 ) (8,489 )
NET ASSETS 55,187 54,306

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 8 70,550 70,550
Retained earnings (17,363 ) (18,244 )
SHAREHOLDERS' FUNDS 55,187 54,306

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VOOMA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 04700795)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





Mr R Van Der Merwe - Director


VOOMA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 04700795)

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

1. STATUTORY INFORMATION

Vooma Property Investments 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 represents rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

VOOMA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 04700795)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 3,231
DEPRECIATION
At 1 April 2022 3,084
Charge for year 22
At 31 March 2023 3,106
NET BOOK VALUE
At 31 March 2023 125
At 31 March 2022 147

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 246,000
NET BOOK VALUE
At 31 March 2023 246,000
At 31 March 2022 246,000

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2004 157,813
Valuation in 2005 (1,841 )
Valuation in 2006 14,450
Valuation in 2007 31,550
Valuation in 2008 5,000
Valuation in 2009 (70,000 )
Valuation in 2012 20,000
Valuation in 2013 28,028
Valuation in 2014 40,000
Valuation in 2016 21,000
246,000

VOOMA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 04700795)

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

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 157,813 157,813

Fixed asset investments were valued on an open market basis on 31 March 2023 by R Van der Merwe, director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,349 1,320
Taxation and social security 1,270 1,058
Other creditors 48,110 49,139
50,729 51,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 132,288 132,288

8. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 70,550

9. RELATED PARTY DISCLOSURES

During the year rent of £9,600 (2022: £9,600) was paid to the company by Mr Van der Merwe.

10. ULTIMATE CONTROL

During the year under review the company was under the ultimate control of R van der Merwe, director and shareholder.

11. GOING CONCERN

The accounts have been prepared on a going concern basis as in the opinion of the directors, the company will become profitable in future years. The directors intend to support the company for the foreseeable future.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VOOMA PROPERTY INVESTMENTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vooma Property Investments Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Vooma Property Investments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vooma Property Investments Ltd and state those matters that we have agreed to state to the director of Vooma Property Investments Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Vooma Property Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vooma Property Investments Ltd. You consider that Vooma Property Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vooma Property Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


13 March 2024