Company Registration No. 05294185 (England and Wales)
VIP Property Management Ltd
Unaudited accounts
for the year ended 30 November 2023
VIP Property Management Ltd
Unaudited accounts
Contents
VIP Property Management Ltd
Company Information
for the year ended 30 November 2023
Directors
Mr P Argirov
Ms V Kirova
Company Number
05294185 (England and Wales)
Registered Office
106 Perth Road
London
N22 5QP
UK
VIP Property Management Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
48,776
700
Cash at bank and in hand
11,280
34,280
Creditors: amounts falling due within one year
(30,742)
(44,878)
Net current liabilities
(17,754)
(10,598)
Total assets less current liabilities
42,069
126
Creditors: amounts falling due after more than one year
(49,233)
-
Net (liabilities)/assets
(7,164)
126
Called up share capital
100
100
Profit and loss account
(7,264)
26
Shareholders' funds
(7,164)
126
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by
Mr P Argirov
Director
Company Registration No. 05294185
VIP Property Management Ltd
Notes to the Accounts
for the year ended 30 November 2023
VIP Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 05294185. The registered office is 106 Perth Road, London, N22 5QP, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
-
2,573
2,573
Additions
50,490
780
51,270
Disposals
-
(1,174)
(1,174)
At 30 November 2023
50,490
2,179
52,669
At 1 December 2022
-
1,873
1,873
Charge for the year
2,104
1,090
3,194
On disposals
-
(1,174)
(1,174)
At 30 November 2023
2,104
1,789
3,893
At 30 November 2023
48,386
390
48,776
At 30 November 2022
-
700
700
VIP Property Management Ltd
Notes to the Accounts
for the year ended 30 November 2023
5
Investments
Other investments
Valuation at 1 December 2022
10,024
Fair value adjustments
1,023
Valuation at 30 November 2023
11,047
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,283
16,800
Taxes and social security
-
2,169
Other creditors
17,459
14,603
Loans from directors
-
11,306
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
49,233
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).