2023-02-012024-01-312024-01-31false13161595VNPP 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VNPP LIMITED

Registered Number
13161595
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

VNPP LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

HILMI BIN ZULKPLI, Muhammad
SONG, Xingyue

Registered Address

78 York Street
London
W1H 1DP

Registered Number

13161595 (England and Wales)
VNPP LIMITED
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3433,443557,677
Investment property47,704,2997,704,299
8,137,7428,261,976
Current assets
Debtors54,31524,500
Cash at bank and on hand206,969104,588
261,284129,088
Creditors amounts falling due within one year5(133,382)(55,403)
Net current assets (liabilities)127,90273,685
Total assets less current liabilities8,265,6448,335,661
Creditors amounts falling due after one year6(8,645,242)(8,645,242)
Net assets(379,598)(309,581)
Capital and reserves
Called up share capital100100
Profit and loss account(379,698)(309,681)
Shareholders' funds(379,598)(309,581)
The financial statements were approved and authorised for issue by the Board of Directors on 2 May 2024, and are signed on its behalf by:
SONG, Xingyue
Director
Registered Company No. 13161595
VNPP LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared assuming the company will continue as a going concern.At the year end, the company had net liabilities of £379,598 and loss before taxation of £70,018. However, the directors consider that the company has adequate resources available in order to continue in operational existence for the foreseeable future based on the continuing support from its shareholders.The financial statements do not include the adjustments that would result if the company would be unable to continue in operation.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Investment property
Investment properties are properties held to earn rentals or for capital appreciation, or both, and are accounted for using the fair value model. Investment properties are revalued annually with resulting gains and losses recognised in profit or loss. These are included in the statement of financial position at their fair values.
2.Average number of employees

20242023
Average number of employees during the year109
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 February 23151,684440,78068,614661,078
Additions-216-216
At 31 January 24151,684440,99668,614661,294
Depreciation and impairment
At 01 February 2338,82256,3948,185103,401
Charge for year22,57188,15613,723124,450
At 31 January 2461,393144,55021,908227,851
Net book value
At 31 January 2490,291296,44646,706433,443
At 31 January 23112,862384,38660,429557,677
4.Investment property

£
Fair value at 01 February 237,704,299
At 31 January 247,704,299
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables63,0833,322
Taxation and social security43,37544,309
Other creditors26,9245,851
Accrued liabilities and deferred income-1,921
Total133,38255,403
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Other creditors8,645,2428,645,242
Total8,645,2428,645,242