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REGISTERED NUMBER: 08986350 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Viners Capital Properties Limited

Viners Capital Properties Limited (Registered number: 08986350)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Viners Capital Properties Limited (Registered number: 08986350)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 825 205
Investment property 5 14,681,832 14,681,832
14,682,657 14,682,037

CURRENT ASSETS
Debtors 6 27,433 15,393
Cash at bank 332,328 298,158
359,761 313,551
CREDITORS
Amounts falling due within one year 7 (528,249 ) (388,371 )
NET CURRENT LIABILITIES (168,488 ) (74,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,514,169

14,607,217

CREDITORS
Amounts falling due after more than one
year

8

(10,807,035

)

(11,285,433

)
NET ASSETS 3,707,134 3,321,784

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 3,706,734 3,321,384
3,707,134 3,321,784

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.

Viners Capital Properties Limited (Registered number: 08986350)

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 Profit & Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





M I Novak - Director


Viners Capital Properties Limited (Registered number: 08986350)

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

1. STATUTORY INFORMATION

Viners Capital Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08986350

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value, excluding value added tax where applicable, of rental income receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - Straight line over 4 years

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 Profit & Loss account, 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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Viners Capital Properties Limited (Registered number: 08986350)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 1,945
Additions 1,100
At 31 March 2024 3,045
DEPRECIATION
At 1 April 2023 1,740
Charge for year 480
At 31 March 2024 2,220
NET BOOK VALUE
At 31 March 2024 825
At 31 March 2023 205

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 14,681,832
NET BOOK VALUE
At 31 March 2024 14,681,832
At 31 March 2023 14,681,832

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,675 -
Prepayments and accrued income 20,758 15,393
27,433 15,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 156,000 156,000
Trade creditors 265 -
Tax 91,850 82,313
PAYE 5,528 547
VAT 12,668 31,892
Other creditors 13,175 12,627
Net wages - 2,855
Accruals and deferred income 248,763 102,137
528,249 388,371

Viners Capital Properties Limited (Registered number: 08986350)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 156,000 156,000
Bank loans - 2-5 years 22,000 272,000
Other creditors 1,386,692 1,343,437
Directors' loan accounts 9,242,343 9,513,996
10,807,035 11,285,433

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 334,000 584,000

Bank loans are secured on the investment properties belonging to the company.