Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01false11falsetrue 03843621 2023-03-01 2024-02-29 03843621 2022-03-01 2023-02-28 03843621 2024-02-29 03843621 2023-02-28 03843621 c:Director2 2023-03-01 2024-02-29 03843621 d:Buildings 2024-02-29 03843621 d:Buildings 2023-02-28 03843621 d:CurrentFinancialInstruments 2024-02-29 03843621 d:CurrentFinancialInstruments 2023-02-28 03843621 d:Non-currentFinancialInstruments 2024-02-29 03843621 d:Non-currentFinancialInstruments 2023-02-28 03843621 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 03843621 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 03843621 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 03843621 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 03843621 d:ShareCapital 2024-02-29 03843621 d:ShareCapital 2023-02-28 03843621 d:RetainedEarningsAccumulatedLosses 2024-02-29 03843621 d:RetainedEarningsAccumulatedLosses 2023-02-28 03843621 c:OrdinaryShareClass1 2023-03-01 2024-02-29 03843621 c:OrdinaryShareClass1 2024-02-29 03843621 c:FRS102 2023-03-01 2024-02-29 03843621 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 03843621 c:FullAccounts 2023-03-01 2024-02-29 03843621 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03843621 e:PoundSterling 2023-03-01 2024-02-29 03843621 d:EntityControlledByKeyManagementPersonnel1 2023-03-01 2024-02-29 03843621 d:EntityControlledByKeyManagementPersonnel1 2024-02-29 03843621 d:EntityControlledByKeyManagementPersonnel2 2023-03-01 2024-02-29 03843621 d:EntityControlledByKeyManagementPersonnel2 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03843621









VANTAGE INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
VANTAGE INVESTMENTS LIMITED
REGISTERED NUMBER: 03843621

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024


29 February

28 February

2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
125,000
125,000

  
125,000
125,000

Current assets
  

Cash at bank and in hand
 5 
337
337

  
337
337

Creditors: amounts falling due within one year
 6 
(134,085)
(122,255)

Net current liabilities
  
 
 
(133,748)
 
 
(121,918)

Total assets less current liabilities
  
(8,748)
3,082

Creditors: amounts falling due after more than one year
 7 
(338,000)
(338,000)

  

Net liabilities
  
(346,748)
(334,918)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(346,848)
(335,018)

  
(346,748)
(334,918)


Page 1

 
VANTAGE INVESTMENTS LIMITED
REGISTERED NUMBER: 03843621
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2024.





C Hambling
Director


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VANTAGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Vantage Investments Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 101 Rowlands Avenue, Hatch End, Pinner, Middlesex, England, HA5 4AW.
The company specialises in property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

Going concern

As at the reporting date, the company had net liabilities of £346,748 (2023 - £334,918) which indicate that the company may not be able to meet its liabilities as they fall due. At year end, the company owed £338,000 (2023 - £338,000) to companies jointly controlled by a shareholder of the company. The company is reliant on the ongoing support of these creditors in order to keep trading and on the above basis, the director believes that it is appropriate to prepare the accounts on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Land and buildings have not been depreciated during the year as it is the opinion of the director that their residual value exceeds their cost. This is contrary to Companies Act 2006 which requires that fixed assets should be depreciated, however in the opinion of the director is necessary in order to show a true and fair view of the position of the company.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.



Page 3

 
VANTAGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).






4.


Tangible fixed assets







Land and building

£



Cost 


At 1 March 2023
337,543



At 29 February 2024

337,543



Depreciation


At 1 March 2023
212,543



At 29 February 2024

212,543



Net book value



At 29 February 2024
125,000



At 28 February 2023
125,000

Page 4

 
VANTAGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
337
337

337
337



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Accruals and deferred income
134,085
122,255

134,085
122,255



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Other creditors
338,000
338,000

338,000
338,000



8.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


Page 5

 
VANTAGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Related party transactions

Included within other creditors due after more than one year is an amount of £202,500 (2023 - £202,500) due to O'Hara Properties Limited, an entity jointly controlled by a shareholder of the company. The accrued interest due on this loan at year end was £74,924 (2023 - £67,837) included within accruals and deferred income due within one year.
 
Included within other creditors due after more than one year is an amount of £135,500 (2023 - £135,500) due to Leitrim Properties Limited, an entity jointly controlled by a shareholder of the company. The accrued interest due on this loan at year end was £56,910 (2023 - £52,168) included within accruals and deferred income due within one year.


10.


Controlling party

There is no ultimate controlling party.

 
Page 6