Company registration number 10610898 (England and Wales)
VB Properties (Hx) Ltd
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
VB Properties (Hx) Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
VB Properties (Hx) Ltd
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
501,700
531,055
Current assets
Debtors
20,000
-
0
Cash at bank and in hand
669,975
661,517
689,975
661,517
Creditors: amounts falling due within one year
(2,108)
(10,352)
Net current assets
687,867
651,165
Net assets
1,189,567
1,182,220
Capital and reserves
Called up share capital
4
46,861
46,861
Profit and loss reserves
1,142,706
1,135,359
Total equity
1,189,567
1,182,220

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 11 September 2024 and are signed on its behalf by:
R P Moore
Director
Company registration number 10610898 (England and Wales)
VB Properties (Hx) Ltd
Notes to the financial statements
for the year ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Motor vehicles
Over 5 years on a straight line basis

The directors consider that the freehold property is maintained in such a state of repair that the residual value is at least equal to its book value. As a result, the corresponding depreciation would not be material and therefore is not charged to the profit and loss account.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
VB Properties (Hx) Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 3 -
3
Tangible fixed assets
Freehold land and buildings
Motor vehicles
Total
£
£
£
Cost
At 1 January 2023
500,000
52,680
552,680
Disposals
-
0
(46,680)
(46,680)
At 31 December 2023
500,000
6,000
506,000
Depreciation and impairment
At 1 January 2023
-
0
21,625
21,625
Depreciation charged in the year
-
0
1,200
1,200
Eliminated in respect of disposals
-
0
(18,525)
(18,525)
At 31 December 2023
-
0
4,300
4,300
Carrying amount
At 31 December 2023
500,000
1,700
501,700
At 31 December 2022
500,000
31,055
531,055
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
46,861
46,861
46,861
46,861
5
Company information

VB Properties (Hx) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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