Registered number: 10212342 | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
Prepared By: | ||||||||
L A Morgan | ||||||||
Top Floor | ||||||||
42 High Street | ||||||||
Portishead | ||||||||
Bristol | ||||||||
BS20 6EL |
Virtue Property UK Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10212342 | ||||||||
ACCOUNTANTS | ||||||||
L A Morgan | ||||||||
Top Floor | ||||||||
42 High Street | ||||||||
Portishead | ||||||||
Bristol | ||||||||
BS20 6EL |
Virtue Property UK Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Virtue Property UK Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
21,313 | 20,648 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (346,260) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 2,060,956 | 1,914,733 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 215,892 | 112,289 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Virtue Property UK Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
2. TANGIBLE FIXED ASSETS |
Cost |
At 30/06/2023 |
Depreciation |
At 30/06/2023 |
Net Book Amounts |
At 30/06/2023 |
3. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/07/2022 | 2,405,000 | 2,405,000 | ||||||
Revaluation | 215,000 | 215,000 | ||||||
At 30/06/2023 | 2,620,000 | 2,620,000 | ||||||
The properties have been shown at their fair values and the increase has been taken to the profit and loss account. | ||||||||
Virtue Property UK Limited | ||||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
UK corporation tax | 2,013 | 2,013 | ||||||
Other debtors | 14,118 | 14,918 | ||||||
16,131 | 16,931 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
PAYE control | 4,497 | 2,366 | ||||||
Directors current account | 115,949 | 116,749 | ||||||
Loans | 19,684 | 135,710 | ||||||
Other creditors | 19,997 | 15,297 | ||||||
Accruals | 108,886 | 96,786 | ||||||
269,013 | 366,908 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 2,060,956 | 1,914,733 | ||||||
2,060,956 | 1,914,733 | |||||||
Mortgages are secured on the properties held by the Company. | ||||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
Virtue Property UK Limited | ||||||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 95,352 | 31,618 | ||||||
95,352 | 31,618 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
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10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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