10212342falsethe development and rental of properties2022-07-012023-06-30http://www.companieshouse.gov.uk/2022-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-06-30http://www.companieshouse.gov.uk/cd:Director12022-07-012023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-07-012023-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-07-012023-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-07-012023-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-06-30http://www.companieshouse.gov.uk/2022-07-012023-06-30http://www.companieshouse.gov.uk/2022-06-30http://www.companieshouse.gov.uk/cd:FRS1022022-07-012023-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-07-012023-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-07-012023-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10212342

Virtue Property UK Limited

ACCOUNTS
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
Patrick Hughes
REGISTERED OFFICE
139 High Street
Portishead
Bristol
BS20 6PY
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 Sheet3
Notes To The Accounts4
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 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets22,620,0002,405,000
CURRENT ASSETS
Debtors416,13116,931
Cash at bank and in hand5,1823,717
21,31320,648
CREDITORS: Amounts falling due within one year5269,013366,908
NET CURRENT LIABILITIES(247,700)(346,260)
TOTAL ASSETS LESS CURRENT LIABILITIES2,372,3002,058,740
CREDITORS: Amounts falling due after more than one year62,060,9561,914,733
PROVISIONS FOR LIABILITIES AND CHARGES895,35231,618
NET ASSETS215,992112,389
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account215,892112,289
SHAREHOLDERS' FUNDS215,992112,389
For the year ending 30/06/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/03/2024 and signed on their behalf by
.............................
Patrick Hughes
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
PropertiesTotal
££
Fair value
At 01/07/20222,405,0002,405,000
Revaluation215,000215,000
At 30/06/20232,620,0002,620,000
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 20232022
££
Amounts falling due within one year
UK corporation tax2,0132,013
Other debtors14,11814,918
16,13116,931
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
PAYE control4,4972,366
Directors current account115,949116,749
Loans19,684135,710
Other creditors19,99715,297
Accruals108,88696,786
269,013366,908
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr2,060,9561,914,733
2,060,9561,914,733
Mortgages are secured on the properties held by the Company.
7. EMPLOYEES
20232022
No.No.
Average number of employees22

Virtue Property UK Limited

8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation95,35231,618
95,35231,618
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 of £1 each100100
100100
1
10. RELATED PARTY TRANSACTIONS
The director has reduced his loan from £116,749 to £115,949. It is interest free and has no fixed repayment terms.