IRIS Accounts Production v23.3.1.45 02904228 Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029042282022-11-30029042282023-11-30029042282022-12-012023-11-30029042282021-11-30029042282021-12-012022-11-30029042282022-11-3002904228ns10:Originalns15:EnglandWales2022-12-012023-11-3002904228ns14:PoundSterlingns10:Original2022-12-012023-11-3002904228ns10:Originalns10:Director12022-12-012023-11-3002904228ns10:Original2022-12-012023-11-3002904228ns10:Original2023-11-3002904228ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3002904228ns10:Originalns10:SmallEntities2022-12-012023-11-3002904228ns10:Originalns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3002904228ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002904228ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3002904228ns10:Originalns10:FullAccounts2022-12-012023-11-3002904228ns10:Original2021-12-012022-11-3002904228ns10:Originalns10:Director22022-12-012023-11-3002904228ns10:CompanySecretary1ns10:Original2022-12-012023-11-3002904228ns10:Originalns10:RegisteredOffice2022-12-012023-11-3002904228ns10:Original2022-11-3002904228ns10:Originalns5:CurrentFinancialInstruments2023-11-3002904228ns10:Originalns5:CurrentFinancialInstruments2022-11-3002904228ns10:Originalns5:Non-currentFinancialInstruments2023-11-3002904228ns10:Originalns5:Non-currentFinancialInstruments2022-11-3002904228ns5:ShareCapitalns10:Original2023-11-3002904228ns5:ShareCapitalns10:Original2022-11-3002904228ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3002904228ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3002904228ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-12-012023-11-3002904228ns10:Originalns5:PlantMachinery2022-12-012023-11-3002904228ns10:Originalns5:FurnitureFittings2022-12-012023-11-3002904228ns10:Originalns5:MotorVehicles2022-12-012023-11-3002904228ns10:Originalns5:LandBuildings2022-11-3002904228ns10:Originalns5:PlantMachinery2022-11-3002904228ns10:Originalns5:FurnitureFittings2022-11-3002904228ns10:Originalns5:MotorVehicles2022-11-3002904228ns10:Original2022-11-3002904228ns10:Originalns5:LandBuildings2022-12-012023-11-3002904228ns10:Originalns5:LandBuildings2023-11-3002904228ns10:Originalns5:PlantMachinery2023-11-3002904228ns10:Originalns5:FurnitureFittings2023-11-3002904228ns10:Originalns5:MotorVehicles2023-11-3002904228ns10:Originalns5:LandBuildings2022-11-3002904228ns10:Originalns5:PlantMachinery2022-11-3002904228ns10:Originalns5:FurnitureFittings2022-11-3002904228ns10:Originalns5:MotorVehicles2022-11-3002904228ns10:Originalns5:CostValuation2022-11-3002904228ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3002904228ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3002904228ns5:Securedns10:Original2023-11-3002904228ns5:Securedns10:Original2022-11-30
REGISTERED NUMBER: 02904228 (England and Wales)















VANITY HALL LIMITED

Unaudited Financial Statements for the Year Ended 30 November 2023






VANITY HALL LIMITED (REGISTERED NUMBER: 02904228)






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


VANITY HALL LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: W J Hall
Mrs K Hall





SECRETARY: Mrs K Hall





REGISTERED OFFICE: Unit 20 Waterfall Lane Trading Estate
Cradley Heath
West Midlands
B64 6PU





REGISTERED NUMBER: 02904228 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

VANITY HALL LIMITED (REGISTERED NUMBER: 02904228)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,554,362 1,450,536
Investments 5 100 100
1,554,462 1,450,636

CURRENT ASSETS
Debtors 6 80,260 24,858
Cash at bank 1,189 2,012
81,449 26,870
CREDITORS
Amounts falling due within one year 7 680,056 397,965
NET CURRENT LIABILITIES (598,607 ) (371,095 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,855

1,079,541

CREDITORS
Amounts falling due after more than one
year

8

(512,394

)

(559,968

)

PROVISIONS FOR LIABILITIES (59,908 ) (96,904 )
NET ASSETS 383,553 422,669

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 383,453 422,569
383,553 422,669

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 directors acknowledge their 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.

VANITY HALL LIMITED (REGISTERED NUMBER: 02904228)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





W J Hall - Director


VANITY HALL LIMITED (REGISTERED NUMBER: 02904228)

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

1. STATUTORY INFORMATION

Vanity Hall 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

VANITY HALL LIMITED (REGISTERED NUMBER: 02904228)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 1,036,678 337,249 87,326 52,321 1,513,574
Additions 307,105 30,700 - - 337,805
Disposals - (180,649 ) - - (180,649 )
At 30 November 2023 1,343,783 187,300 87,326 52,321 1,670,730
DEPRECIATION
At 1 December 2022 8,963 18,718 28,264 7,093 63,038
Charge for year 20,090 28,567 3,629 13,081 65,367
Eliminated on disposal - (12,037 ) - - (12,037 )
At 30 November 2023 29,053 35,248 31,893 20,174 116,368
NET BOOK VALUE
At 30 November 2023 1,314,730 152,052 55,433 32,147 1,554,362
At 30 November 2022 1,027,715 318,531 59,062 45,228 1,450,536

The net book value of tangible fixed assets includes £ 46,747 (2022 - £ 57,753 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 100
NET BOOK VALUE
At 30 November 2023 100
At 30 November 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 80,260 24,858

VANITY HALL LIMITED (REGISTERED NUMBER: 02904228)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,500 38,500
Hire purchase contracts 15,130 19,630
Trade creditors - 38,161
Amounts owed to group undertakings 598,875 274,123
Other creditors 27,551 27,551
680,056 397,965

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 505,772 538,216
Hire purchase contracts 6,622 21,752
512,394 559,968

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 544,272 576,716
Hire purchase contracts 21,752 41,382
566,024 618,098

The bounce back loan is unsecured and was taken out under the Coronavirus Bounce Back Scheme.

The hire purchase liability is secured on the assets to which the finance relates.

The mortgage is secured on the asset to which it relates.