IRIS Accounts Production v24.1.9.2 07107670 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071076702022-12-31071076702023-12-31071076702023-01-012023-12-31071076702021-12-31071076702022-01-012022-12-31071076702022-12-3107107670ns15:EnglandWales2023-01-012023-12-3107107670ns14:PoundSterling2023-01-012023-12-3107107670ns10:Director12023-01-012023-12-3107107670ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107107670ns10:SmallEntities2023-01-012023-12-3107107670ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107107670ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107107670ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107107670ns10:FullAccounts2023-01-012023-12-3107107670ns10:RegisteredOffice2023-01-012023-12-3107107670ns5:CurrentFinancialInstruments2023-12-3107107670ns5:CurrentFinancialInstruments2022-12-3107107670ns5:ShareCapital2023-12-3107107670ns5:ShareCapital2022-12-3107107670ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3107107670ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3107107670ns5:RetainedEarningsAccumulatedLosses2023-12-3107107670ns5:RetainedEarningsAccumulatedLosses2022-12-3107107670ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107107670ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107107670ns5:CurrentFinancialInstruments2023-01-012023-12-3107107670ns5:DeferredTaxation2022-12-3107107670ns5:DeferredTaxation2023-01-012023-12-3107107670ns5:DeferredTaxation2023-12-3107107670ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31
REGISTERED NUMBER: 07107670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VILLANDRY PROPERTY LIMITED

VILLANDRY PROPERTY LIMITED (REGISTERED NUMBER: 07107670)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VILLANDRY PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms K L Joyce





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 07107670 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

VILLANDRY PROPERTY LIMITED (REGISTERED NUMBER: 07107670)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 48,000 48,000

CURRENT ASSETS
Debtors 5 541 688
Cash at bank 6,591 6,528
7,132 7,216
CREDITORS
Amounts falling due within one year 6 26,014 26,254
NET CURRENT LIABILITIES (18,882 ) (19,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,118

28,962

PROVISIONS FOR LIABILITIES 7 814 784
NET ASSETS 28,304 28,178

CAPITAL AND RESERVES
Called up share capital 15 15
Fair value reserve 8 (8,869 ) (8,869 )
Retained earnings 37,158 37,032
SHAREHOLDERS' FUNDS 28,304 28,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24 July 2024 and were signed by:





Ms K L Joyce - Director


VILLANDRY PROPERTY LIMITED (REGISTERED NUMBER: 07107670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Villandry 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the receipt of ground rents and is recognised on the accruals basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 48,000
NET BOOK VALUE
At 31 December 2023 48,000
At 31 December 2022 48,000

VILLANDRY PROPERTY LIMITED (REGISTERED NUMBER: 07107670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 48,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 37,050 37,050

Investment property was valued on an open market basis on 31 December 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 250 250
Prepayments 291 438
541 688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 17,796 17,869
Directors' current accounts 6,788 6,788
Deferred income 518 518
Accrued expenses 912 1,079
26,014 26,254

Creditors include a loan of £6,788 from one of the directors. The loan is repayable on demand and interest free.

Other creditors include loans of £17,796 from the company shareholders. These loans are repayable on demand and interest free.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Deferred tax on losses (1,266 ) (1,296 )
Investment property fair value 2,080 2,080
814 784

Deferred
tax
£   
Balance at 1 January 2023 784
Provided during year 30
Balance at 31 December 2023 814

VILLANDRY PROPERTY LIMITED (REGISTERED NUMBER: 07107670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 (8,869 )