Vogue Investment Properties Limited 10684158 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 10684158 2023-01-01 2023-12-31 10684158 2023-12-31 10684158 bus:OrdinaryShareClass1 2023-12-31 10684158 core:CurrentFinancialInstruments 2023-12-31 10684158 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10684158 core:Non-currentFinancialInstruments 2023-12-31 10684158 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 10684158 core:FurnitureFittingsToolsEquipment 2023-12-31 10684158 bus:SmallEntities 2023-01-01 2023-12-31 10684158 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10684158 bus:FilletedAccounts 2023-01-01 2023-12-31 10684158 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10684158 bus:RegisteredOffice 2023-01-01 2023-12-31 10684158 bus:Director1 2023-01-01 2023-12-31 10684158 bus:Director2 2023-01-01 2023-12-31 10684158 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10684158 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10684158 core:RevaluationReserve core:LandBuildings 2023-01-01 2023-12-31 10684158 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 10684158 core:LandBuildings 2023-01-01 2023-12-31 10684158 core:OfficeEquipment 2023-01-01 2023-12-31 10684158 countries:EnglandWales 2023-01-01 2023-12-31 10684158 2022-12-31 10684158 core:FurnitureFittingsToolsEquipment 2022-12-31 10684158 2022-01-01 2022-12-31 10684158 2022-12-31 10684158 bus:OrdinaryShareClass1 2022-12-31 10684158 core:CurrentFinancialInstruments 2022-12-31 10684158 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10684158 core:Non-currentFinancialInstruments 2022-12-31 10684158 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 10684158 core:FurnitureFittingsToolsEquipment 2022-12-31 10684158 core:RevaluationReserve core:LandBuildings 2022-01-01 2022-12-31 10684158 core:LandBuildings 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10684158

Vogue Investment Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Vogue Investment Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Vogue Investment Properties Limited

Company Information

Directors

Mr J Holmes

Mr AD Clifton

Registered office

3C Pelham Court
Pelham Road
Nottingham
NG5 1AP

Accountants

Seals King & Co. Limited
Certified
17 Brunts Street
Mansfield
Nottinghamshire
NG18 1AX

 

Vogue Investment Properties Limited

(Registration number: 10684158)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

517

690

Investment property

5

1,473,000

1,155,000

 

1,473,517

1,155,690

Current assets

 

Debtors

6

4,229

1,447

Cash at bank and in hand

 

9,028

16,995

 

13,257

18,442

Creditors: Amounts falling due within one year

7

(79,452)

(62,095)

Net current liabilities

 

(66,195)

(43,653)

Total assets less current liabilities

 

1,407,322

1,112,037

Creditors: Amounts falling due after more than one year

7

(1,173,547)

(893,894)

Net assets

 

233,775

218,143

Capital and reserves

 

Called up share capital

8

400

400

Revaluation reserve

512,831

402,520

Retained earnings

(279,456)

(184,777)

Shareholders' funds

 

233,775

218,143

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Vogue Investment Properties Limited

(Registration number: 10684158)
Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 17 April 2024 and signed on its behalf by:
 

.........................................
Mr J Holmes
Director

.........................................
Mr AD Clifton
Director

 

Vogue Investment Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3C Pelham Court
Pelham Road
Nottingham
NG5 1AP
England

These financial statements were authorised for issue by the Board on 17 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Vogue Investment Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Office equipment

25% on reducing value

Investment property

Investment property is carried at fair value, derived from the current market prices. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Vogue Investment Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

1,238

1,238

At 31 December 2023

1,238

1,238

Depreciation

At 1 January 2023

548

548

Charge for the year

173

173

At 31 December 2023

721

721

Carrying amount

At 31 December 2023

517

517

At 31 December 2022

690

690

5

Investment properties

2023
£

At 1 January

1,155,000

Additions

207,689

Fair value adjustments

110,311

At 31 December

1,473,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2023
£

2022
£

Trade debtors

4,229

365

Other debtors

-

1,082

 

4,229

1,447

 

Vogue Investment Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

22,742

31,216

Trade creditors

 

22,150

12,595

Taxation and social security

 

24

-

Accruals and deferred income

 

2,841

2,180

Other creditors

 

31,695

16,104

 

79,452

62,095

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

1,173,547

893,894

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

400

400

400

400

       

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

512,831

512,831

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

402,520

402,520

 

Vogue Investment Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

10

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

554,301

459,403

Other borrowings

619,246

434,491

1,173,547

893,894

Current loans and borrowings

2023
£

2022
£

Bank borrowings

22,742

31,216