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Company Registration No. 14677440 (England and Wales)
Vital Homes Propco 2 Ltd Unaudited accounts for the period from 20 February 2023 to 31 December 2023
Vital Homes Propco 2 Ltd Unaudited accounts Contents
Page
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Vital Homes Propco 2 Ltd Company Information for the period from 20 February 2023 to 31 December 2023
Directors
James Stephen Philip Levy Elena Pashevkina
Company Number
14677440 (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 Propco 2 Ltd Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Current assets
Inventories
729,935 
Debtors
58,483 
Cash at bank and in hand
5,493 
793,911 
Creditors: amounts falling due within one year
(502,943)
Net current assets
290,968 
Total assets less current liabilities
290,968 
Creditors: amounts falling due after more than one year
(314,894)
Net liabilities
(23,926)
Capital and reserves
Called up share capital
1 
Profit and loss account
(23,927)
Shareholders' funds
(23,926)
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. 14677440
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Vital Homes Propco 2 Ltd Notes to the Accounts for the period from 20 February 2023 to 31 December 2023
1
Statutory information
Vital Homes Propco 2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 14677440. 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors
2023 
£ 
Amounts falling due within one year
Deferred tax asset
5,612 
Accrued income and prepayments
51,629 
57,241 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,242 
5
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
489,833 
Trade creditors
7,033 
Other creditors
6,077 
502,943 
6
Creditors: amounts falling due after more than one year
2023 
£ 
Amounts owed to group undertakings and other participating interests
314,894 
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Vital Homes Propco 2 Ltd Notes to the Accounts for the period from 20 February 2023 to 31 December 2023
7
Deferred taxation
2023 
£ 
Tax losses carried forward
(5,612)
2023 
£ 
Credited to other comprehensive income
(5,612)
Provision at end of period
(5,612)
8
Transactions with related parties
At the balance sheet date the company owed £314,89 to Vital Homes Group Ltd At the balance sheet date the company was owed £1,242 by Vital Homes Investments Ltd, a fellow subsidiary company.
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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