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REGISTERED NUMBER: 07431158 (England and Wales)















Virtue Estates Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Virtue Estates Ltd (Registered number: 07431158)






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


Virtue Estates Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr T Charalambous



REGISTERED OFFICE: 97 Judd Street
London
WC1H 9JG



REGISTERED NUMBER: 07431158 (England and Wales)



ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG



BANKERS: HSBC
88 The Broadway
Muswell Hill
London
N10 3RX

Virtue Estates Ltd (Registered number: 07431158)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 703 879

CURRENT ASSETS
Debtors 5 55,878 64,299
Cash at bank and in hand 29,293 46,982
85,171 111,281
CREDITORS
Amounts falling due within one year 6 14,458 15,799
NET CURRENT ASSETS 70,713 95,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,416

96,361

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 71,406 96,351
SHAREHOLDERS' FUNDS 71,416 96,361

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 director acknowledges his 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.

Virtue Estates Ltd (Registered number: 07431158)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





Mr T Charalambous - Director


Virtue Estates Ltd (Registered number: 07431158)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Virtue Estates 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 etc - 25% on reducing balance

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 (2022 - NIL).

Virtue Estates Ltd (Registered number: 07431158)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 6,413
DEPRECIATION
At 1 January 2023 5,534
Charge for year 176
At 31 December 2023 5,710
NET BOOK VALUE
At 31 December 2023 703
At 31 December 2022 879

5. DEBTORS
31/12/23 31/12/22
£    £   
Amounts falling due within one year:
Trade debtors 14,875 -
Other debtors 41,003 24,299
55,878 24,299

Amounts falling due after more than one year:
Amounts owed by participating interests - 40,000

Aggregate amounts 55,878 64,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Taxation and social security 12,274 13,690
Other creditors 2,184 2,109
14,458 15,799