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REGISTERED NUMBER: 09545624 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Vulcan Property Limited

Vulcan Property Limited (Registered number: 09545624)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vulcan Property Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: A Gillick





REGISTERED OFFICE: Suite 11, Fulham Business Exchange
The Boulevard, Suite 11
Fulham Business Exchange, The Boulevard
SW6 2TL





REGISTERED NUMBER: 09545624 (England and Wales)






Vulcan Property Limited (Registered number: 09545624)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £   
CURRENT ASSETS
Stocks 500,000 1,465,073
Debtors 4 1,671,690 1,587,175
Cash at bank 47,165 81,687
2,218,855 3,133,935
CREDITORS
Amounts falling due within one year 5 3,686,943 5,080,542
NET CURRENT LIABILITIES (1,468,088 ) (1,946,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,468,088

)

(1,946,607

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (1,468,188 ) (1,946,707 )
SHAREHOLDERS' FUNDS (1,468,088 ) (1,946,607 )

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





A Gillick - Director


Vulcan Property Limited (Registered number: 09545624)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Vulcan Property 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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
Although the balance sheet is negative, the Director has indicated his intention to support the company for the foreseeable future, a period not expected to be less than one year.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 1,000 1,000
Other debtors 1,670,690 1,586,175
1,671,690 1,587,175

Vulcan Property Limited (Registered number: 09545624)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 2,269,173 3,655,073
Trade creditors 11,824 20,163
Other creditors 1,405,946 1,405,306
3,686,943 5,080,542

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary 100 100 100

7. RESERVES
Retained
earnings
£   

At 1 May 2022 (1,946,707 )
Profit for the year 478,519
At 30 April 2023 (1,468,188 )

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by paragraph 33.1A of FRS 102 "Related Party Disclosures" not to disclose transactions with its parent company and fellow subsidiaries within the group

9. PARENT COMPANY

The ultimate and immediate parent company is G Asset Management Limited, a company registered in England and Wales. G Asset Management Limited has immediate control by virtue of the fact that it holds 100% of the issued share capital of the company

G Asset Management Limited Registered Office is 11 Fulham Business Exchange, The Boulevard, London, England, SW6 2TL