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REGISTERED NUMBER: 10262998 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

V & F HOMES LIMITED

V & F HOMES LIMITED (REGISTERED NUMBER: 10262998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V & F HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A D C Brown
Ms L S Handford
G J C Hickman
C J Vaughan





SECRETARY: Tayler Bradshaw Limited





REGISTERED OFFICE: 24 Haymarket
Haymarket
London
SW1Y 4DG





REGISTERED NUMBER: 10262998 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

V & F HOMES LIMITED (REGISTERED NUMBER: 10262998)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 10,833,125 7,948,875

CURRENT ASSETS
Debtors 5 209,179 498,616
Cash at bank 431,813 53,038
640,992 551,654
CREDITORS
Amounts falling due within one year 6 321,156 257,679
NET CURRENT ASSETS 319,836 293,975
TOTAL ASSETS LESS CURRENT LIABILITIES 11,152,961 8,242,850

CREDITORS
Amounts falling due after more than one
year

7

2,205,000

-
NET ASSETS 8,947,961 8,242,850

CAPITAL AND RESERVES
Called up share capital 127,068 122,978
Share premium 7,885,932 7,860,772
Capital redemption reserve 410 -
Retained earnings 934,551 259,100
SHAREHOLDERS' FUNDS 8,947,961 8,242,850

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 & F HOMES LIMITED (REGISTERED NUMBER: 10262998)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





C J Vaughan - Director


V & F HOMES LIMITED (REGISTERED NUMBER: 10262998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

V & F Homes Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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 (2022 - NIL).

V & F HOMES LIMITED (REGISTERED NUMBER: 10262998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 7,948,875
Additions 3,735,695
Disposals (851,445 )
At 31 December 2023 10,833,125
NET BOOK VALUE
At 31 December 2023 10,833,125
At 31 December 2022 7,948,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 6,846 -
Amounts owed by group undertakings 43,450 -
Other debtors 158,883 498,616
209,179 498,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 2,357 -
Amounts owed to group undertakings - 137,800
Taxation and social security 284,269 74,183
Other creditors 34,530 45,696
321,156 257,679

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 1,455,000 -
Other creditors 750,000 -
2,205,000 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,455,000 -

Repayable by instalments
Other loans more 5yrs instal 750,000 -