Registered number
SC696191
Vultures Perch Ltd
Filleted Accounts
30 April 2024
Vultures Perch Ltd
Registered number: SC696191
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,460 7,460
Tangible assets 4 325,834 332,634
333,294 340,094
Current assets
Cash at bank and in hand 20,532 28,822
Creditors: amounts falling due within one year 5 (296,951) (343,649)
Net current liabilities (276,419) (314,827)
Net assets 56,875 25,267
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,775 25,167
Shareholder's funds 56,875 25,267
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Monaghan
Director
Approved by the board on 31 July 2024
Vultures Perch Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 7,460
At 30 April 2024 7,460
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 7,460
At 30 April 2023 7,460
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 340,000
At 30 April 2024 340,000
Depreciation
At 1 May 2023 7,366
Charge for the year 6,800
At 30 April 2024 14,166
Net book value
At 30 April 2024 325,834
At 30 April 2023 332,634
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 3,441
Taxation and social security costs 13,843 11,054
Other creditors 283,108 329,154
296,951 343,649
6 Other information
Vultures Perch Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13 Westport
Hairmyres
East Kilbride
G75 8QR
Vultures Perch Ltd SC696191 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 James Monaghan No description of principal activity SC696191 2022-05-01 2023-04-30 SC696191 core:WithinOneYear 2023-04-30 SC696191 core:ShareCapital 2023-04-30 SC696191 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC696191 2023-05-01 2024-04-30 SC696191 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC696191 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC696191 bus:Director40 2023-05-01 2024-04-30 SC696191 1 2023-05-01 2024-04-30 SC696191 2 2023-05-01 2024-04-30 SC696191 core:LandBuildings 2023-05-01 2024-04-30 SC696191 countries:England 2023-05-01 2024-04-30 SC696191 bus:FRS102 2023-05-01 2024-04-30 SC696191 bus:FilletedAccounts 2023-05-01 2024-04-30 SC696191 2024-04-30 SC696191 core:WithinOneYear 2024-04-30 SC696191 core:ShareCapital 2024-04-30 SC696191 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC696191 core:Goodwill 2024-04-30 SC696191 core:LandBuildings 2024-04-30 SC696191 2023-04-30 SC696191 core:Goodwill 2023-04-30 SC696191 core:LandBuildings 2023-04-30 iso4217:GBP xbrli:pure