Violet Carter Limited 12077743 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is letting and operating of leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 12077743 2022-08-01 2023-07-31 12077743 2023-07-31 12077743 bus:OrdinaryShareClass1 2023-07-31 12077743 core:CurrentFinancialInstruments 2023-07-31 12077743 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12077743 bus:SmallEntities 2022-08-01 2023-07-31 12077743 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12077743 bus:FullAccounts 2022-08-01 2023-07-31 12077743 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12077743 bus:RegisteredOffice 2022-08-01 2023-07-31 12077743 bus:Director1 2022-08-01 2023-07-31 12077743 bus:Director2 2022-08-01 2023-07-31 12077743 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 12077743 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12077743 countries:EnglandWales 2022-08-01 2023-07-31 12077743 2022-07-31 12077743 2021-08-01 2022-07-31 12077743 2022-07-31 12077743 bus:OrdinaryShareClass1 2022-07-31 12077743 core:CurrentFinancialInstruments 2022-07-31 12077743 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12077743

Violet Carter Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Violet Carter Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Violet Carter Limited

Company Information

Directors

Mrs Amanda Young

Mr Andrew Young

Registered office

8 Armour Hill
Tilehurst
Reading
Berkshire
RG31 6JS

Accountants

Tymar Associates Limited
Chartered Certified Accountants
44 London Street
Reading
Berkshire
RG1 4SQ

 

Violet Carter Limited

(Registration number: 12077743)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

3

267,218

267,218

Current assets

 

Debtors

6,889

6,829

Cash at bank and in hand

 

33,325

35,152

 

40,214

41,981

Creditors: Amounts falling due within one year

(263,551)

(274,592)

Net current liabilities

 

(223,337)

(232,611)

Net assets

 

43,881

34,607

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

43,781

34,507

Shareholders' funds

 

43,881

34,607

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 April 2024 and signed on its behalf by:
 

.........................................
Mrs Amanda Young
Director

.........................................
Mr Andrew Young
Director

 

Violet Carter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Violet Carter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Investment properties

2023
£

At 1 August

267,218

At 31 July

267,218

There has been no valuation of investment property by an independent valuer.

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100