Company Registration No. 10223546 (England and Wales)
Vanquish Lettings Limited
Unaudited accounts
for the year ended 31 December 2023
Vanquish Lettings Limited
Unaudited accounts
Contents
Vanquish Lettings Limited
Company Information
for the year ended 31 December 2023
Directors
Michael Tadross
Karim Talaat Fawzy Gorgy
Company Number
10223546 (England and Wales)
Registered Office
Unit 3, Warehouse Court
18 Duke Of Wellington Avenue,
London
SE18 6BY
Accountants
Heartwood Accountants Limited
103 High Street
Waltham Cross
Herts
EN87AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Vanquish Lettings Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Vanquish Lettings Limited for the year ended
31 December 2023 as set out on pages
5 -
7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Vanquish Lettings Limited, as a body, in accordance with the terms of our engagement letter dated 22 March 2019. Our work has been undertaken solely to prepare for your approval the accounts of Vanquish Lettings Limited and state those matters that we have agreed to state to the Board of Directors of Vanquish Lettings Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vanquish Lettings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Vanquish Lettings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vanquish Lettings Limited. You consider that Vanquish Lettings 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 accounts of Vanquish Lettings 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 accounts.
Heartwood Accountants Limited
Chartered Accountants
103 High Street
Waltham Cross
Herts
EN87AN
6 August 2024
Vanquish Lettings Limited
Statement of financial position
as at 31 December 2023
Tangible assets
21,733
9,380
Investments
105,043
105,043
Cash at bank and in hand
134,133
85,697
Creditors: amounts falling due within one year
(84,548)
(26,897)
Net current assets
49,585
58,800
Net assets
176,361
173,223
Called up share capital
2
2
Profit and loss account
176,359
173,221
Shareholders' funds
176,361
173,223
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. 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 6 August 2024 and were signed on its behalf by
Michael Tadross
Director
Company Registration No. 10223546
Vanquish Lettings Limited
Notes to the Accounts
for the year ended 31 December 2023
Vanquish Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 10223546. The registered office is Unit 3, Warehouse Court, 18 Duke Of Wellington Avenue, , London, SE18 6BY.
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.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,500
13,053
14,553
Additions
16,250
2,291
18,541
At 31 December 2023
17,750
15,344
33,094
At 1 January 2023
840
4,333
5,173
Charge for the year
3,550
2,638
6,188
At 31 December 2023
4,390
6,971
11,361
At 31 December 2023
13,360
8,373
21,733
At 31 December 2022
660
8,720
9,380
5
Investments
Other investments
Valuation at 1 January 2023
105,043
Valuation at 31 December 2023
105,043
Vanquish Lettings Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
24,460
12,427
Loans from directors
46
(1,031)
7
Average number of employees
During the year the average number of employees was 6 (2022: 5).