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REGISTERED NUMBER: 10481336 (England and Wales)















VLW PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






VLW PROPERTIES LIMITED (REGISTERED NUMBER: 10481336)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VLW PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Ms V L Walker





REGISTERED OFFICE: Gibson House
Hurricane Court
Hurricane Close
Stafford
Staffordshire
ST16 1GZ





REGISTERED NUMBER: 10481336 (England and Wales)

VLW PROPERTIES LIMITED (REGISTERED NUMBER: 10481336)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 454 331
Investment property 5 128,591 128,591
129,045 128,922

CURRENT ASSETS
Debtors 6 573 399
Cash at bank 3,951 4,703
4,524 5,102
CREDITORS
Amounts falling due within one year 7 (117,674 ) (120,848 )
NET CURRENT LIABILITIES (113,150 ) (115,746 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,895 13,176

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 15,894 13,175
SHAREHOLDERS' FUNDS 15,895 13,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

VLW PROPERTIES LIMITED (REGISTERED NUMBER: 10481336)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





Ms V L Walker - Director


VLW PROPERTIES LIMITED (REGISTERED NUMBER: 10481336)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

VLW Properties Limited 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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 - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income
When the outcome of a transaction can be estimated reliably, turnover from rental income is recognised by reference to the completion of the rental period.

3. EMPLOYEES AND DIRECTORS

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

VLW PROPERTIES LIMITED (REGISTERED NUMBER: 10481336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 345
Additions 279
At 30 November 2023 624
DEPRECIATION
At 1 December 2022 14
Charge for year 156
At 30 November 2023 170
NET BOOK VALUE
At 30 November 2023 454
At 30 November 2022 331

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 128,591
NET BOOK VALUE
At 30 November 2023 128,591
At 30 November 2022 128,591

The director is of the opinion that the fair value of the investment properties as at 30 November 2023 accords to the value shown on the balance sheet, being £128,591 (2022 - £128,591). The value is based on a valuation by the director in 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 39 39
Prepayments and accrued income 534 360
573 399

VLW PROPERTIES LIMITED (REGISTERED NUMBER: 10481336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - (13 )
Corporation tax 894 927
Other creditors 341 341
Directors' current accounts 115,743 118,933
Accruals and deferred income 696 660
117,674 120,848

8. SECURED DEBTS

As at the balance sheet date, there was a fixed charge over the investment property held by the company in relation to the director's loan account.The charge was satisfied on 20 March 2024.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1