IRIS Accounts Production v24.2.0.383 11160541 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111605412022-12-31111605412023-12-31111605412023-01-012023-12-31111605412021-12-31111605412022-01-012022-12-31111605412022-12-3111160541ns15:EnglandWales2023-01-012023-12-3111160541ns14:PoundSterling2023-01-012023-12-3111160541ns10:Director12023-01-012023-12-3111160541ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111160541ns10:SmallEntities2023-01-012023-12-3111160541ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111160541ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111160541ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111160541ns10:FullAccounts2023-01-012023-12-3111160541ns10:OrdinaryShareClass12023-01-012023-12-3111160541ns10:OrdinaryShareClass22023-01-012023-12-3111160541ns10:OrdinaryShareClass32023-01-012023-12-3111160541ns5:CurrentFinancialInstruments2023-12-3111160541ns5:CurrentFinancialInstruments2022-12-3111160541ns5:ShareCapital2023-12-3111160541ns5:ShareCapital2022-12-3111160541ns5:RetainedEarningsAccumulatedLosses2023-12-3111160541ns5:RetainedEarningsAccumulatedLosses2022-12-3111160541ns10:RegisteredOffice2023-01-012023-12-3111160541ns5:FurnitureFittings2023-01-012023-12-3111160541ns5:ComputerEquipment2023-01-012023-12-3111160541ns5:FurnitureFittings2022-12-3111160541ns5:ComputerEquipment2022-12-3111160541ns5:FurnitureFittings2023-12-3111160541ns5:ComputerEquipment2023-12-3111160541ns5:FurnitureFittings2022-12-3111160541ns5:ComputerEquipment2022-12-3111160541ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111160541ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111160541ns10:OrdinaryShareClass12023-12-3111160541ns10:OrdinaryShareClass22023-12-3111160541ns10:OrdinaryShareClass32023-12-311116054112023-01-012023-12-31
REGISTERED NUMBER: 11160541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VENGROVE REAL ESTATE DEVELOPERS LIMITED

VENGROVE REAL ESTATE DEVELOPERS LIMITED (REGISTERED NUMBER: 11160541)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


VENGROVE REAL ESTATE DEVELOPERS LIMITED (REGISTERED NUMBER: 11160541)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,141 9,776

CURRENT ASSETS
Debtors 5 177,146 226,467
Cash at bank 124,900 277,894
302,046 504,361
CREDITORS
Amounts falling due within one year 6 15,689 91,269
NET CURRENT ASSETS 286,357 413,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,498

422,868

PROVISIONS FOR LIABILITIES 1,357 1,858
NET ASSETS 292,141 421,010

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 292,041 420,910
SHAREHOLDERS' FUNDS 292,141 421,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

VENGROVE REAL ESTATE DEVELOPERS LIMITED (REGISTERED NUMBER: 11160541)

BALANCE SHEET - continued
31 DECEMBER 2023


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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





R W H Taylor - Director


VENGROVE REAL ESTATE DEVELOPERS LIMITED (REGISTERED NUMBER: 11160541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Vengrove Real Estate Developers 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: 11160541

Registered office: 3rd Floor
3-5 Rathbone Place
London
W1T 1HJ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

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 - Straight line over 3 years
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.


VENGROVE REAL ESTATE DEVELOPERS LIMITED (REGISTERED NUMBER: 11160541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
Based on current trading and future expectations, the directors are confident the company will return to profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due. Support will be provided by the directors and related companies for a period of at least 12 months to ensure that the company can meet it's obligations as they fall due for payment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 4,765 13,444 18,209
Additions - 666 666
Disposals - (5,590 ) (5,590 )
At 31 December 2023 4,765 8,520 13,285
DEPRECIATION
At 1 January 2023 57 8,376 8,433
Charge for year 686 2,595 3,281
Eliminated on disposal - (5,570 ) (5,570 )
At 31 December 2023 743 5,401 6,144
NET BOOK VALUE
At 31 December 2023 4,022 3,119 7,141
At 31 December 2022 4,708 5,068 9,776

VENGROVE REAL ESTATE DEVELOPERS LIMITED (REGISTERED NUMBER: 11160541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 132,934 154,440
Other debtors 4,650 10,109
Tax 16,756 16,756
VAT 22,704 -
Prepayments and accrued income 102 45,162
177,146 226,467

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2 56,172
Amounts owed to group undertakings 487 -
Social security and other taxes 11,495 -
VAT - 29,471
Other creditors 3,005 5,026
Accrued expenses 700 600
15,689 91,269

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 - -
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

8. RELATED PARTY DISCLOSURES

During the year, the company paid for services amounting to £726,303 (2022: £495,000) from Vengrove Real Estate Management Limited, a related company by nature of having a common director, R Taylor.
At the year end there was an amount of £Nil (2022: £55,693) within trade creditors due to Vengrove Real Estate Management Limited.





9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.