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Company Registration No. 13776671 (England and Wales)
Virtue Property Management Limited Unaudited accounts for the year ended 31 December 2023
Virtue Property Management Limited Unaudited accounts Contents
Page
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Virtue Property Management Limited Company Information for the year ended 31 December 2023
Directors
Zahoor Ahmed Latif Mohammad Jamba
Company Number
13776671 (England and Wales)
Registered Office
84 QUICKS ROAD LONDON SW19 1EX ENGLAND
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Virtue Property Management Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,260,276 
896,998 
Current assets
Debtors
43,239 
- 
Cash at bank and in hand
- 
44,941 
43,239 
44,941 
Creditors: amounts falling due within one year
(747,903)
(360,590)
Net current liabilities
(704,664)
(315,649)
Total assets less current liabilities
555,612 
581,349 
Creditors: amounts falling due after more than one year
(590,979)
(593,769)
Net liabilities
(35,367)
(12,420)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(35,467)
(12,520)
Shareholders' funds
(35,367)
(12,420)
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 1 July 2024 and were signed on its behalf by
Zahoor Ahmed Director Company Registration No. 13776671
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Virtue Property Management Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Virtue Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 13776671. The registered office is 84 QUICKS ROAD, LONDON, SW19 1EX, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
896,998 
Additions
363,278 
At 31 December 2023
1,260,276 
The investment property is revalued annually: The netbook value of the investment property represents the current market value. Directors are happy no change over the year.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
43,239 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
722,797 
351,000 
Trade creditors
807 
- 
Other creditors
23,399 
9,090 
Accruals
900 
500 
747,903 
360,590 
The Loans are secured on the assets of the company
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Virtue Property Management Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
97,007 
97,007 
Loans from directors
493,972 
496,762 
590,979 
593,769 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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