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REGISTERED NUMBER: 04942696 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Vicars Limited

Vicars Limited (Registered number: 04942696)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Vicars Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs C Stubbs
Mrs V Knighton





SECRETARY: Mrs V Knighton





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 04942696 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Vicars Limited (Registered number: 04942696)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 14 19
Investment property 5 430,000 430,000
430,014 430,019

CURRENT ASSETS
Debtors 6 473 444
Cash at bank 10,253 7,063
10,726 7,507
CREDITORS
Amounts falling due within one year 7 (17,548 ) (14,987 )
NET CURRENT LIABILITIES (6,822 ) (7,480 )
TOTAL ASSETS LESS CURRENT LIABILITIES 423,192 422,539

CREDITORS
Amounts falling due after more than one year 8 (161,137 ) (161,137 )

PROVISIONS FOR LIABILITIES (33,481 ) (33,481 )
NET ASSETS 228,574 227,921

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 142,736 142,736
Retained earnings 11 84,838 84,185
SHAREHOLDERS' FUNDS 228,574 227,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Vicars Limited (Registered number: 04942696)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mrs C Stubbs - Director


Vicars Limited (Registered number: 04942696)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Vicars 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as services are provided

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 Income Statement, 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 (2023 - NIL).

Vicars Limited (Registered number: 04942696)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 967
DEPRECIATION
At 1 April 2023 948
Charge for year 5
At 31 March 2024 953
NET BOOK VALUE
At 31 March 2024 14
At 31 March 2023 19

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 430,000
NET BOOK VALUE
At 31 March 2024 430,000
At 31 March 2023 430,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 46,217
Valuation in 2016 50,000
Valuation in 2017 20,000
Valuation in 2018 5,000
Valuation in 2019 25,000
Valuation in 2020 30,000
Cost 253,783
430,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 253,783 253,783

The investment property was valued on an open market basis on 31 March 2024 by the directors .

Vicars Limited (Registered number: 04942696)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 473 444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 624 1,324
Directors' current accounts 15,988 12,773
Accrued expenses 936 890
17,548 14,987

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 161,137 161,137

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 161,137 161,137

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 161,137 161,137

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 84,185 142,736 226,921
Profit for the year 2,653 2,653
Dividends (2,000 ) (2,000 )
At 31 March 2024 84,838 142,736 227,574

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Vicars Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vicars Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Vicars Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vicars Limited and state those matters that we have agreed to state to the Board of Directors of Vicars Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vicars Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Vicars Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vicars Limited. You consider that Vicars Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vicars Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


6 September 2024