Acorah Software Products - Accounts Production 14.5.601 false true true 30 September 2022 21 September 2021 false 1 October 2022 31 December 2023 31 December 2023 13634347 Mr Miles Pattison-Appleton Mrs Marie-Jeanne Van De Braak iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13634347 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 13634347 2022-09-30 13634347 2023-12-31 13634347 2022-10-01 2023-12-31 13634347 frs-core:CurrentFinancialInstruments 2023-12-31 13634347 frs-core:Non-currentFinancialInstruments 2023-12-31 13634347 frs-core:ShareCapital 2023-12-31 13634347 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13634347 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-12-31 13634347 frs-bus:FilletedAccounts 2022-10-01 2023-12-31 13634347 frs-bus:SmallEntities 2022-10-01 2023-12-31 13634347 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-12-31 13634347 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-12-31 13634347 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-01 2023-12-31 13634347 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-30 13634347 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 13634347 frs-bus:Director1 2022-10-01 2023-12-31 13634347 frs-bus:Director2 2022-10-01 2023-12-31 13634347 frs-core:CurrentFinancialInstruments 9 2023-12-31 13634347 frs-countries:EnglandWales 2022-10-01 2023-12-31 13634347 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-09-30 13634347 2021-09-20 13634347 2022-09-30 13634347 2021-09-21 2022-09-30 13634347 frs-core:CurrentFinancialInstruments 2022-09-30 13634347 frs-core:Non-currentFinancialInstruments 2022-09-30 13634347 frs-core:ShareCapital 2022-09-30 13634347 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 13634347 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-30 13634347 frs-core:CurrentFinancialInstruments 9 2022-09-30
Registered number: 13634347
VDB Property Investments Limited
Unaudited Financial Statements
For the Period 1 October 2022 to 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13634347
31 December 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 825,000 464,592
825,000 464,592
CURRENT ASSETS
Debtors 5 858 50
Cash at bank and in hand 2,581 1,890
3,439 1,940
Creditors: Amounts Falling Due Within One Year 6 (257,515 ) (482,608 )
NET CURRENT ASSETS (LIABILITIES) (254,076 ) (480,668 )
TOTAL ASSETS LESS CURRENT LIABILITIES 570,924 (16,076 )
Creditors: Amounts Falling Due After More Than One Year 7 (564,483 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,392 ) -
NET LIABILITIES (1,951 ) (16,076 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair Value Reserve 10 25,177 -
Profit and Loss Account (27,228 ) (16,176 )
SHAREHOLDERS' FUNDS (1,951) (16,076)
Page 1
Page 2
For the period 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.
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
Mr Miles Pattison-Appleton
Director
19 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VDB Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13634347 . The registered office is 41 Millbrook Street, Hereford, HR4 9LF.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company is reliant upon the ongoing support of the director and shareholder to fund outstanding liabilities. The directors confirm their continued support over the next 12 months.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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.
2.5. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other operating expenses.
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in nonconvertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Directors loans are recognised at transaction price.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2022: 2)
2 2
4. Investment Property
31 December 2023
£
Fair Value
As at 1 October 2022 464,592
Additions 326,838
Revaluations 33,570
As at 31 December 2023 825,000
The directors have valued investment properties at the market value as at 31 December 2023.
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5. Debtors
31 December 2023 30 September 2022
£ £
Due within one year
Trade debtors 724 -
Prepayments and accrued income 84 -
Amounts owed by related parties 50 -
Called up share capital not paid - 50
858 50
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 September 2022
£ £
Trade creditors 2,058 28,791
Other loans - 309,534
Other taxes and social security 2,623 -
Other creditors - 5,620
Accruals and deferred income 1,963 -
Directors' loan accounts 246,527 99,647
Amounts owed to related parties 4,344 39,016
257,515 482,608
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 30 September 2022
£ £
Bank loans 564,483 -
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 December 2023 30 September 2022
£ £
Bank loans 564,438 -
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8. Secured Creditors
Of the other loans the following amounts are secured by way of a First Charge on property owned by the
company.
31 December 2023 30 September 2022
£ £
Bank loans and overdrafts 564,483 309,534
9. Share Capital
31 December 2023 30 September 2022
£ £
Called Up Share Capital not Paid - 50
Called Up Share Capital has been paid up 100 50
Amount of Allotted, Called Up Share Capital 100 100
10. Reserves
Fair Value Reserve
£
As at 1 October 2022 -
Transfer to profit and loss 25,177
As at 31 December 2023 25,177
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