IRIS Accounts Production v24.2.0.383 07725570 director 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077255702022-11-30077255702023-11-30077255702022-12-012023-11-30077255702021-08-31077255702021-09-012022-11-30077255702022-11-3007725570ns15:EnglandWales2022-12-012023-11-3007725570ns14:PoundSterling2022-12-012023-11-3007725570ns10:Director12022-12-012023-11-3007725570ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007725570ns10:SmallEntities2022-12-012023-11-3007725570ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007725570ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007725570ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007725570ns10:AbridgedAccounts2022-12-012023-11-3007725570ns10:RegisteredOffice2022-12-012023-11-3007725570ns5:CurrentFinancialInstruments2023-11-3007725570ns5:CurrentFinancialInstruments2022-11-3007725570ns5:Non-currentFinancialInstruments2023-11-3007725570ns5:Non-currentFinancialInstruments2022-11-3007725570ns5:ShareCapital2023-11-3007725570ns5:ShareCapital2022-11-3007725570ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3007725570ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3007725570ns5:RetainedEarningsAccumulatedLosses2023-11-3007725570ns5:RetainedEarningsAccumulatedLosses2022-11-3007725570ns5:PlantMachinery2022-12-012023-11-3007725570ns5:Secured2023-11-3007725570ns5:Secured2022-11-3007725570ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-30077255701ns10:Director12022-11-30077255701ns10:Director12021-08-31077255701ns10:Director12022-12-012023-11-30077255701ns10:Director12021-09-012022-11-30077255701ns10:Director12023-11-30077255701ns10:Director12022-11-30
REGISTERED NUMBER: 07725570 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

V & P PROPERTY SERVICES LIMITED

V & P PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07725570)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


V & P PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: P M Davey





REGISTERED OFFICE: C/O Nigel B Butler Ltd
Basepoint Business Centre
Rivermead Drive
Swindon
Swindon
SN5 7EX





REGISTERED NUMBER: 07725570 (England and Wales)





ACCOUNTANTS: Nigel B Butler Limited
Basepoint Business Centre
Rivermead Drive
Swindon
Wiltshire
SN5 7EX

V & P PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07725570)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 215,000 215,000
215,000 215,000

CURRENT ASSETS
Debtors 15,737 59,834
Investments 60,000 60,000
Cash at bank 1,001 1,884
76,738 121,718
CREDITORS
Amounts falling due within one year 397,988 434,897
NET CURRENT LIABILITIES (321,250 ) (313,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(106,250

)

(98,179

)

CREDITORS
Amounts falling due after more than one
year

6

291,809

291,809
NET LIABILITIES (398,059 ) (389,988 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 29,004 29,004
Retained earnings (427,163 ) (419,092 )
SHAREHOLDERS' FUNDS (398,059 ) (389,988 )

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 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.

V & P PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07725570)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 August 2024 and were signed by:





P M Davey - Director


V & P PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07725570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

V & P Property Services 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 as modified by the revaluation of certain assets.

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 cost

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 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).

V & P PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07725570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 959
DEPRECIATION
At 1 December 2022
and 30 November 2023 959
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 215,000
NET BOOK VALUE
At 30 November 2023 215,000
At 30 November 2022 215,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2016 9,004
Valuation in 2021 20,000
Cost 185,996
215,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 185,996 185,996

Investment properties were valued on an open market basis on 30 November 2023 by P Davey .

V & P PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07725570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
30.11.23 30.11.22
£    £   
Repayable otherwise than by instalments
Mortgage 162,459 162,459

7. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Other loan 129,350 129,350
Mortgage 162,459 162,459
291,809 291,809

The other loan of £129,350 is secured on the business assets of the company,

The mortgage of £162,459 is secured against the investment properties of the company.

8. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 29,004

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

30.11.23 30.11.22
£    £   
P M Davey
Balance outstanding at start of year 45,544 -
Amounts advanced 1,902 45,544
Amounts repaid (46,699 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 747 45,544

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Davey.