0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 640,116 640,116 640,116 xbrli:pure xbrli:shares iso4217:GBP 13757394 2023-01-01 2023-12-31 13757394 2023-12-31 13757394 2022-12-31 13757394 2021-11-22 2022-12-31 13757394 2022-12-31 13757394 2021-11-21 13757394 bus:Director1 2023-01-01 2023-12-31 13757394 core:AfterOneYear 2023-12-31 13757394 core:AfterOneYear 2022-12-31 13757394 core:WithinOneYear 2023-12-31 13757394 core:WithinOneYear 2022-12-31 13757394 core:ShareCapital 2023-12-31 13757394 core:ShareCapital 2022-12-31 13757394 core:RetainedEarningsAccumulatedLosses 2023-12-31 13757394 core:RetainedEarningsAccumulatedLosses 2022-12-31 13757394 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 13757394 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 13757394 bus:SmallEntities 2023-01-01 2023-12-31 13757394 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13757394 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13757394 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13757394 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 13757394
VAS INVESTMENT LIMITED
Filleted Unaudited Financial Statements
31 December 2023
VAS INVESTMENT LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
640,116
640,116
Current assets
Cash at bank and in hand
9,212
2,755
Creditors: amounts falling due within one year
5
195,804
194,995
---------
---------
Net current liabilities
186,592
192,240
---------
---------
Total assets less current liabilities
453,524
447,876
Creditors: amounts falling due after more than one year
6
449,974
449,976
---------
---------
Net assets/(liabilities)
3,550
( 2,100)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,450
( 2,200)
-------
-------
Shareholders funds/(deficit)
3,550
( 2,100)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
VAS INVESTMENT LIMITED
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr A Sivaganeshan
Director
Company registration number: 13757394
VAS INVESTMENT LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Ainsdale Crescent, Pinner, Middlesex, HA5 5SF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Income tax
The taxation expense represents the amount of current tax which is recognised on taxable profit for the current and past periods.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Freehold property
£
Cost
At 1 January 2023 and 31 December 2023
640,116
---------
Depreciation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
640,116
---------
At 31 December 2022
640,116
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
809
Other creditors
194,995
194,995
---------
---------
195,804
194,995
---------
---------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
449,974
449,976
---------
---------
The bank loan is secured by legal mortgage over the company's property and negative pledge.