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REGISTERED NUMBER: 03176030 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

THE VIRTUAL OFFICE GROUP LIMITED

THE VIRTUAL OFFICE GROUP LIMITED (REGISTERED NUMBER: 03176030)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE VIRTUAL OFFICE GROUP LIMITED

Company Information
for the year ended 30 November 2023







Directors: S M Bakewell
M P Bowes
T A Miller
A C F Nissen





Secretary: A C F Nissen





Registered office: 4th Floor, 49 St James's Street
London
SW1A 1AH





Registered number: 03176030 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

THE VIRTUAL OFFICE GROUP LIMITED (REGISTERED NUMBER: 03176030)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 8,554 -
Investments 5 8,172 12,906
16,726 12,906

Current assets
Debtors 6 264,898 204,960
Cash at bank 111,814 78,924
376,712 283,884
Creditors
Amounts falling due within one year 7 324,090 184,520
Net current assets 52,622 99,364
Total assets less current liabilities 69,348 112,270

Capital and reserves
Called up share capital 8 7,143 7,143
Share premium 81,841 81,841
Retained earnings (19,636 ) 23,286
Shareholders' funds 69,348 112,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





A C F Nissen - Director


THE VIRTUAL OFFICE GROUP LIMITED (REGISTERED NUMBER: 03176030)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

The Virtual Office Group Limited is a private company, limited by shares, registered in the United Kingdom. The company's registered office 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade and other debtors is carried out regularly. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

There is estimation uncertainty in calculating impairment of fixed asset investments. A full line by line review of investments is carried out regularly. Whilst every attempt is made to ensure that impairments are as accurate as possible, there remains a risk that the carrying amount of fixed asset investments do not match the amounts that will ultimately prove to be recoverable.

Turnover
Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the services have been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - Straight line over 3 to 5 years

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.


THE VIRTUAL OFFICE GROUP LIMITED (REGISTERED NUMBER: 03176030)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is provided using the liability method on all timing differences between the recognition of gains and losses in the financial statements and recognition in tax computations. A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be sufficient future taxable profits from which underlying timing differences can be deducted.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Equipment
£
Cost
At 1 December 2022 126,541
Additions 8,554
At 30 November 2023 135,095
Depreciation
At 1 December 2022
and 30 November 2023 126,541
Net book value
At 30 November 2023 8,554
At 30 November 2022 -

5. Fixed asset investments

2023 2022
£ £
Shares in group undertakings 108 108
Other loans 8,064 12,798
8,172 12,906

THE VIRTUAL OFFICE GROUP LIMITED (REGISTERED NUMBER: 03176030)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


5. Fixed asset investments - continued

Additional information is as follows:
Shares in
group
undertakings
£
Cost
At 1 December 2022
and 30 November 2023 108
Net book value
At 30 November 2023 108
At 30 November 2022 108
Other loans
£
At 1 December 2022 12,798
Repayment in year (4,734 )
At 30 November 2023 8,064

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 18,112 16,337
Amounts owed by group undertakings 165,982 171,029
Other debtors 71,678 11,628
Prepayments and accrued income 9,126 5,966
264,898 204,960

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 121,047 54,952
Amounts owed to group undertakings 49,054 82,004
Social security and other taxes 5,241 7,939
VAT 6,503 7,835
Other creditors 134,990 24,749
Accrued expenses 7,255 7,041
324,090 184,520

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
7,143 Ordinary £1 7,143 7,143

9. Directors' advances, credits and guarantees

The loan is interest free and repayable on demand.