Registered Number:02250052 |
For the period ended 30 October 2023
England and Wales
Unaudited Financial Statements
For the period ended 30 October 2023
Vauxhall Estates Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Vauxhall Estates Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
-
2,063
2
3
-
3,375,000
-
3,377,063
Trade and other receivables |
2,334,801
6,504,061
4
572,115
Cash and cash equivalents |
10,222
6,514,283
2,906,916
Trade and other payables: amounts falling due within one |
year |
(109,009)
(85,513)
5
2,797,907
6,428,770
Net current assets
Total assets less current liabilities |
6,428,770
6,174,970
-
(44,217)
Provisions for liabilities |
6,428,770
Net assets
6,130,753
100
100
6,428,670
6,130,653
6,428,770
6,130,753
Shareholders' funds
For the period ended 30 October 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 of its financial statements for the period ended 30 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 09 October 2024 and were signed by: |
The notes form part of these financial statements |
1 of 5
For the period ended 30 October 2023
Vauxhall Estates Limited
Notes to the Financial Statements
Statutory Information
Vauxhall Estates Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 02250052. |
Principal place of business: |
Floor 4
Studio 5 - 11
5 Millbay Road
Plymouth
PL1 3LF
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
The presentation currency is £ sterling. |
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 Section 1A and the Companies Act 2006. |
Basis of preparing the financial statements
These financial statements have been prepared using historical cost convention except that as disclosed in the |
accounting policies certain items are shown at fair value. |
Significant judgements and estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated. |
Revenue recognition
Turnover represents the rental income for the year, exclusive of value added tax. Rentals are recognised on a straight-line basis over the lease term, even if the amounts due are not received on such a basis. in accordance with FRS 102, incentives provided to tenants to sign a lease, including rent free periods, are similarly spread on a straight-line basis over the lease term, except where the lease includes a break clause and it is anticipated that this will be exercised, in which case it is spread over the period to the break clause date. |
Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Office Equipment
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any differences in nature, location or condition of the specific asset. Changes in fair value are reconised in the profit and loss. |
Deferred tax
Deferred tax is recognised on all timing differnences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. |
2 of 5
For the period ended 30 October 2023
Vauxhall Estates Limited
Notes to the Financial Statements Continued
Tax
Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised |
as other comprehensive income is also recognised directly in other comprehensive income. |
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or |
substantively enacted by the reporting date in the countries where the company operates and generates taxable |
income. |
Financial Instruments
The company holds the following financial instruments: |
- Short term trade and other debtors and creditors; |
- Cash and bank balances. |
All financial instruments are classified as basic. |
Recognition and measurement |
The company has chosen to apply the recognition and measurement principles in FRS 102. |
Financial instruments are recognised when the company becomes party to the contractual provisions of the |
instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire |
or substantively all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, |
when the company's obligations are discharged, expire or are cancelled. |
Except for bank loans, such instruments are initially measured at the transaction price, including transaction costs, |
and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or |
received, after taking account of impairment adjustments. |
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at |
amortised cost using the effective interest method. |
2. Property, plant and equipment |
10,926
5,889
5,037
(5,889)
(5,037)
(10,926)
-
-
-
Provision for depreciation and impairment |
8,863
5,040
3,823
(8,863)
(5,040)
(3,823)
-
-
-
-
-
-
1,214
849
2,063
3 of 5
For the period ended 30 October 2023
Vauxhall Estates Limited
Notes to the Financial Statements Continued
3,375,000
(3,375,000)
-
-
3,375,000
4. Trade and other receivables |
2022
2023
-
4,521
Amounts owed by group undertakings and participating interests |
6,503,880
-
181
2,330,280
2,334,801
6,504,061
5. Trade and other payables: amounts falling due within one year |
2022
2023
-
816
Taxation and social security |
81,948
55,229
3,565
52,964
85,513
109,009
Included within taxation and social security is corporation tax of £74,101 (2022: £55,229).
6. Related party transactions |
The company is under the effective control of its director.
7. Directors advances and guarantees |
Repaid
C Hall
Loan to director
-
18,803
18,803
-
18,803
18,803
4 of 5
For the period ended 30 October 2023
Vauxhall Estates Limited
Notes to the Financial Statements Continued
On 3 December 2023 all shares in the company were transferred to Camogli Holdings Limited as part of a share for share exchange. The company bank accounts have been closed post period end. |
9. Average number of persons employed |
During the period the average number of employees was 1 (2022 : 1)
5 of 5