VANGUARD PROPERTY MANAGEMENT LIMITED

Company Registration Number:
08620983 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

VANGUARD PROPERTY MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

VANGUARD PROPERTY MANAGEMENT LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,108 1,400
Investments: 4 1,950,000 1,950,000
Total fixed assets: 1,951,108 1,951,400
Current assets
Debtors: 5 370,000 370,000
Cash at bank and in hand: 30,030 78,058
Total current assets: 400,030 448,058
Creditors: amounts falling due within one year:   (76,347) (134,081)
Net current assets (liabilities): 323,683 313,977
Total assets less current liabilities: 2,274,791 2,265,377
Creditors: amounts falling due after more than one year:   (953,639) (957,992)
Provision for liabilities: (248,486) (248,486)
Total net assets (liabilities): 1,072,666 1,058,899
Capital and reserves
Called up share capital: 10 10
Revaluation reserve:6798,209798,209
Profit and loss account: 274,447 260,680
Shareholders funds: 1,072,666 1,058,899

The notes form part of these financial statements

VANGUARD PROPERTY MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 August 2024
and signed on behalf of the board by:

Name: Amol Devani
Status: Director

The notes form part of these financial statements

VANGUARD PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VANGUARD PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

VANGUARD PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 17,025
Additions 948
At 31 December 2023 17,973
Depreciation
At 01 January 2023 15,625
Charge for year 1,240
At 31 December 2023 16,865
Net book value
At 31 December 2023 1,108
At 31 December 2022 1,400

VANGUARD PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

At 31 December 2023 the company held an investment property valued at £1,950,000. The directors use obtained this value using observable market prices and historical valuations provided by third parties and adjust, if necessary, for any difference in the nature, location or condition of the investment property. There has been no valuation of investment property by an independent valuer.

VANGUARD PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 370,000 370,000

VANGUARD PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Revaluation reserve

2023
£
Balance at 01 January 2023 798,209
Surplus or deficit after revaluation 0
Balance at 31 December 2023 798,209

VANGUARD PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Changes in presentation and prior period adjustments

Prior period adjustment required as deferred tax provision relating to the revaluation gain not accounted for in previous years when company moved from FRSD105 to FRS102 Section 1A.