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Registered number: 11159835
Vertwig Ltd
Financial Statements
For The Year Ended 31 January 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11159835
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 205,229 205,229
205,229 205,229
Creditors: Amounts Falling Due Within One Year 5 (14,002 ) (4,125 )
NET CURRENT ASSETS (LIABILITIES) (14,002 ) (4,125 )
TOTAL ASSETS LESS CURRENT LIABILITIES 191,227 201,104
Creditors: Amounts Falling Due After More Than One Year 6 (212,648 ) (211,377 )
NET LIABILITIES (21,421 ) (10,273 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (21,422 ) (10,274 )
SHAREHOLDERS' FUNDS (21,421) (10,273)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs M Pinto Loureiro
Director
03/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vertwig Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11159835 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 205,229
5. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Bank loans and overdrafts 444 457
Other creditors 13,558 3,668
14,002 4,125
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Other creditors 212,648 211,377
Page 3
Page 4
7. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 1 1
Page 4