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REGISTERED NUMBER: 12349913 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 October 2023

for

V & M Management Services Ltd

V & M Management Services Ltd (Registered number: 12349913)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V & M Management Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr M C Johnson
Mrs V A Johnson





REGISTERED OFFICE: Units 3 - 4,
Ashbourne Court
Manners Industrial Estate
Ilkeston
Derbyshire
DE7 8EF





REGISTERED NUMBER: 12349913 (England and Wales)





ACCOUNTANTS: Haines Watts
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

V & M Management Services Ltd (Registered number: 12349913)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,661 82,478
Investment property 5 1,452,804 363,621
1,460,465 446,099

CURRENT ASSETS
Debtors 6 34,969 101,949
Cash at bank 8,331 171,202
43,300 273,151
CREDITORS
Amounts falling due within one year 7 935,576 485,145
NET CURRENT LIABILITIES (892,276 ) (211,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

568,189

234,105

CREDITORS
Amounts falling due after more than one
year

8

(322,866

)

(32,263

)

PROVISIONS FOR LIABILITIES (1,915 ) (15,671 )
NET ASSETS 243,408 186,171

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 243,406 186,169
SHAREHOLDERS' FUNDS 243,408 186,171

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

V & M Management Services Ltd (Registered number: 12349913)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr M C Johnson - Director


V & M Management Services Ltd (Registered number: 12349913)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

V & M Management Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Investment property
Investment properties are included at the open market value of each property as estimated by the Directors as at the Balance Sheet date. The surplus or deficit arising from revaluation is recognised in the Statement of Income and Retained Earnings.

No depreciation is provided on Investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

V & M Management Services Ltd (Registered number: 12349913)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 102,471
Additions 6,072
Disposals (88,480 )
At 31 October 2023 20,063
DEPRECIATION
At 1 November 2022 19,993
Charge for year 24,957
Eliminated on disposal (32,548 )
At 31 October 2023 12,402
NET BOOK VALUE
At 31 October 2023 7,661
At 31 October 2022 82,478

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 363,621
Additions 1,089,183
At 31 October 2023 1,452,804
NET BOOK VALUE
At 31 October 2023 1,452,804
At 31 October 2022 363,621

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 24,892 42,209
Amounts owed by participating interests 994 794
Other debtors 9,083 58,946
34,969 101,949

V & M Management Services Ltd (Registered number: 12349913)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 23,200 -
Hire purchase contracts - 12,489
Trade creditors 26,260 9,986
Amounts owed to participating interests 679,700 439,800
Taxation and social security 35,469 18,478
Other creditors 170,947 4,392
935,576 485,145

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 322,866 -
Hire purchase contracts - 32,263
322,866 32,263

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years -
by instalment 230,066 -
230,066 -

9. SECURITY

The bank loan is secured by a fixed charge on the property held within the company.