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Unaudited Financial Statements

for the Year Ended 31 October 2023

for

V&A Property Investments Ltd

V&A Property Investments Ltd (Registered number: 12938940)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


V&A Property Investments Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A S Garnett
V Kulkarni





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 12938940 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

V&A Property Investments Ltd (Registered number: 12938940)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 712,320 410,569

CURRENT ASSETS
Debtors 5 1,082 5,227
Cash at bank 21,628 5,182
22,710 10,409
CREDITORS
Amounts falling due within one year 6 1,845 15,980
NET CURRENT ASSETS/(LIABILITIES) 20,865 (5,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

733,185

404,998

CREDITORS
Amounts falling due after more than one
year

7

744,050

401,770
NET (LIABILITIES)/ASSETS (10,865 ) 3,228

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 14,923 14,923
Retained earnings (25,888 ) (11,795 )
SHAREHOLDERS' FUNDS (10,865 ) 3,228

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.

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:





A S Garnett - Director


V&A Property Investments Ltd (Registered number: 12938940)

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


1. STATUTORY INFORMATION

V&A Property Investments 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.

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.

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.

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.

Rental income
The company receives rental income from property and the income is recognised on an accruals basis.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 410,569
Additions 301,751
At 31 October 2023 712,320
NET BOOK VALUE
At 31 October 2023 712,320
At 31 October 2022 410,569

V&A Property Investments Ltd (Registered number: 12938940)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,082 5,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 14,960
Trade creditors 445 -
Other creditors 1,400 1,020
1,845 15,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 561,138 299,634
Other creditors 182,912 102,136
744,050 401,770

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 561,138 314,594

The company has a loan secured by way of fixed and floating charge over the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 31 October 2023 14,923

11. ULTIMATE CONTROLLING PARTY

The company is under control of the directors of the company.