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Company Registration No. 14242161 (England and Wales)
Vital Homes Developments Ltd Unaudited accounts for the period from 19 July 2022 to 31 December 2023
Vital Homes Developments Ltd Unaudited accounts Contents
Page
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Vital Homes Developments Ltd Company Information for the period from 19 July 2022 to 31 December 2023
Directors
James Stephen Philip Levy Elena Pashevkina
Company Number
14242161 (England and Wales)
Registered Office
20 Rowsley Avenue London NW4 1AJ England
Accountants
Bell Howley Perrotton LLP 53 Davies Street Mayfair London W1K 5JH
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Vital Homes Developments Ltd Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Current assets
Inventories
703,892 
Debtors
30,307 
Cash at bank and in hand
371 
734,570 
Creditors: amounts falling due within one year
(463,924)
Net current assets
270,646 
Total assets less current liabilities
270,646 
Creditors: amounts falling due after more than one year
(308,918)
Net liabilities
(38,272)
Capital and reserves
Called up share capital
1 
Profit and loss account
(38,273)
Shareholders' funds
(38,272)
For the period ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by
James Stephen Philip Levy Director Company Registration No. 14242161
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Vital Homes Developments Ltd Notes to the Accounts for the period from 19 July 2022 to 31 December 2023
1
Statutory information
Vital Homes Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 14242161. The registered office is 20 Rowsley Avenue, London, NW4 1AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
23 
Deferred tax asset
8,977 
Accrued income and prepayments
21,307 
30,307 
5
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
456,707 
Trade creditors
1,826 
Other creditors
5,391 
463,924 
6
Creditors: amounts falling due after more than one year
2023 
£ 
Amounts owed to group undertakings and other participating interests
308,918 
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Vital Homes Developments Ltd Notes to the Accounts for the period from 19 July 2022 to 31 December 2023
7
Deferred taxation
2023 
£ 
Tax losses carried forward
(8,977)
2023 
£ 
Credited to the profit and loss account
(8,977)
Provision at end of period
(8,977)
8
Transactions with related parties
At the balance sheet date the company owed £308,918 to Vital Homes Group Ltd.
9
Controlling party
The immediate and ultimate holding company is Vital Homes Group Ltd, a company incorporated in England and Wales.
10
Average number of employees
During the period the average number of employees was 2.
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