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REGISTERED NUMBER: 14074875 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

VANTAGE POINT INVESTMENTS LTD

VANTAGE POINT INVESTMENTS LTD (REGISTERED NUMBER: 14074875)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VANTAGE POINT INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S J Marsland
Mr Z Nash
Mr N J Murphy
Mr D L Peterson



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 14074875 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Natwest Plc
15 Victoria Street
Paignton
Devon
TQ4 5DE



SOLICITORS: Scott Richards Solicitors
Newfoundland House
4 Regent Street
Teignmouth
Devon
TQ14 8SL

VANTAGE POINT INVESTMENTS LTD (REGISTERED NUMBER: 14074875)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,805 5,773
Investment property 5 1,050,100 1,049,360
1,057,905 1,055,133

CURRENT ASSETS
Debtors 6 41,359 58,219
Cash at bank 33,068 32,601
74,427 90,820
CREDITORS
Amounts falling due within one year 7 399,738 395,553
NET CURRENT LIABILITIES (325,311 ) (304,733 )
TOTAL ASSETS LESS CURRENT LIABILITIES 732,594 750,400

CREDITORS
Amounts falling due after more than one
year

8

(703,632

)

(727,429

)

PROVISIONS FOR LIABILITIES (1,951 ) (1,443 )
NET ASSETS 27,011 21,528

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 26,951 21,468
SHAREHOLDERS' FUNDS 27,011 21,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

VANTAGE POINT INVESTMENTS LTD (REGISTERED NUMBER: 14074875)

BALANCE SHEET - continued
31 MARCH 2024


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 31 July 2024 and were signed on its behalf by:




Mr S J Marsland - Director Mr Z Nash - Director




Mr N J Murphy - Director Mr D L Peterson - Director


VANTAGE POINT INVESTMENTS LTD (REGISTERED NUMBER: 14074875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Vantage Point 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.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

VANTAGE POINT INVESTMENTS LTD (REGISTERED NUMBER: 14074875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 - 6,327 6,327
Additions 429 3,006 3,435
At 31 March 2024 429 9,333 9,762
DEPRECIATION
At 1 April 2023 - 554 554
Charge for year 86 1,317 1,403
At 31 March 2024 86 1,871 1,957
NET BOOK VALUE
At 31 March 2024 343 7,462 7,805
At 31 March 2023 - 5,773 5,773

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,049,360
Additions 740
At 31 March 2024 1,050,100
NET BOOK VALUE
At 31 March 2024 1,050,100
At 31 March 2023 1,049,360

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,987 31,119
Amounts recoverable on contract 10,145 13,931
Other debtors - 12,364
Directors' current accounts 2,227 -
Prepayments - 805
41,359 58,219

VANTAGE POINT INVESTMENTS LTD (REGISTERED NUMBER: 14074875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,021 23,007
Trade creditors 11,740 15,567
Tax 1,370 3,580
VAT 7,716 6,085
MNA Ltd Intercompany account 337,957 327,695
Rent in advance 14,187 14,187
Accrued expenses 2,747 5,432
399,738 395,553

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 25,089 23,797
Bank loans - 2-5 years 83,744 79,430
Bank loans more 5 yr by instal 594,799 624,202
703,632 727,429

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 594,799 624,202

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 727,653 750,436

The bank loan is a mortgage on the freehold property of the company. Term runs to August 2042.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Mr S J Marsland
Balance outstanding at start of year - -
Amounts advanced 567 16
Amounts repaid - (16 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 567 -

VANTAGE POINT INVESTMENTS LTD (REGISTERED NUMBER: 14074875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr Z Nash
Balance outstanding at start of year - -
Amounts advanced 462 16
Amounts repaid - (16 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 462 -

Mr N J Murphy
Balance outstanding at start of year - -
Amounts advanced 701 16
Amounts repaid - (16 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 701 -

Mr D L Peterson
Balance outstanding at start of year - -
Amounts advanced 497 12
Amounts repaid - (12 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 497 -

Loans are unsecured, interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the period the company had a loan from Marsland Nash Associates Ltd, a company Mr S Marsland, Mr Z Nash, Mr N Murphy and Mr D Peterson, Directors, are also Directors of, details as follows:-

Balance outstanding at start of period: £327,695
Amounts advanced: £49,226
Amounts repaid: £38,964
Balance outstanding at end of period: £337,957

The loan is unsecured and repayable on demand. Interest is charged at 12% in the year on credit loan balances.