IRIS Accounts Production v24.3.0.553 04319554 director 1.6.23 31.5.24 31.5.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043195542023-05-31043195542024-05-31043195542023-06-012024-05-31043195542022-05-31043195542022-06-012023-05-31043195542023-05-3104319554ns15:EnglandWales2023-06-012024-05-3104319554ns14:PoundSterling2023-06-012024-05-3104319554ns10:Director12023-06-012024-05-3104319554ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104319554ns10:SmallEntities2023-06-012024-05-3104319554ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104319554ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104319554ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104319554ns10:FullAccounts2023-06-012024-05-3104319554ns10:RegisteredOffice2023-06-012024-05-3104319554ns5:CurrentFinancialInstruments2024-05-3104319554ns5:CurrentFinancialInstruments2023-05-3104319554ns5:Non-currentFinancialInstruments2024-05-3104319554ns5:Non-currentFinancialInstruments2023-05-3104319554ns5:ShareCapital2024-05-3104319554ns5:ShareCapital2023-05-3104319554ns5:FurtherSpecificReserve1ComponentTotalEquity2024-05-3104319554ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3104319554ns5:RetainedEarningsAccumulatedLosses2024-05-3104319554ns5:RetainedEarningsAccumulatedLosses2023-05-3104319554ns5:PlantMachinery2023-06-012024-05-3104319554ns5:FurnitureFittings2023-06-012024-05-3104319554ns5:PlantMachinery2023-05-3104319554ns5:FurnitureFittings2023-05-3104319554ns5:PlantMachinery2024-05-3104319554ns5:FurnitureFittings2024-05-3104319554ns5:PlantMachinery2023-05-3104319554ns5:FurnitureFittings2023-05-3104319554ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3104319554ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3104319554ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3104319554ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3104319554ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3104319554ns5:DeferredTaxation2023-05-3104319554ns5:DeferredTaxation2023-06-012024-05-3104319554ns5:DeferredTaxation2024-05-31
REGISTERED NUMBER: 04319554 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

VR INVESTMENTS LIMITED

VR INVESTMENTS LIMITED (REGISTERED NUMBER: 04319554)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VR INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr Sanjeev Kumar





REGISTERED OFFICE: 39 Lysways Street
Walsall
West Midlands
WS1 3AG





REGISTERED NUMBER: 04319554 (England and Wales)






VR INVESTMENTS LIMITED (REGISTERED NUMBER: 04319554)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,434 16,982
Investment property 5 2,750,000 2,750,000
2,764,434 2,766,982

CURRENT ASSETS
Debtors 6 184,192 345,631
Cash at bank 42,362 -
226,554 345,631
CREDITORS
Amounts falling due within one year 7 4,121 74,499
NET CURRENT ASSETS 222,433 271,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,986,867

3,038,114

CREDITORS
Amounts falling due after more than one
year

8

(1,641,946

)

(1,705,910

)

PROVISIONS FOR LIABILITIES 9 (242,628 ) (184,877 )
NET ASSETS 1,102,293 1,147,327

CAPITAL AND RESERVES
Called up share capital 4 4
Other reserves 959,925 1,017,676
Retained earnings 142,364 129,647
SHAREHOLDERS' FUNDS 1,102,293 1,147,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VR INVESTMENTS LIMITED (REGISTERED NUMBER: 04319554)

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





Mr Sanjeev Kumar - Director


VR INVESTMENTS LIMITED (REGISTERED NUMBER: 04319554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

VR Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents invoiced sale of goods, services and rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 13,848 100,798 114,646
DEPRECIATION
At 1 June 2023 12,453 85,211 97,664
Charge for year 210 2,338 2,548
At 31 May 2024 12,663 87,549 100,212
NET BOOK VALUE
At 31 May 2024 1,185 13,249 14,434
At 31 May 2023 1,395 15,587 16,982

VR INVESTMENTS LIMITED (REGISTERED NUMBER: 04319554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost 13,848 100,798 114,646

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 1,733,553 1,733,553

Value of land in freehold land and buildings 1,733,553 1,733,553

Freehold land and buildings were valued on desktop basis on 31 May 2021 by the director Sanjeev Kumar .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 2,750,000
NET BOOK VALUE
At 31 May 2024 2,750,000
At 31 May 2023 2,750,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2015 456,162
Valuation in 2021 560,285
Cost 1,733,553
2,750,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 1,733,553 1,733,553

Freehold land and buildings were valued on desktop basis on 31 May 2021 by the director Sanjeev Kumar .

VR INVESTMENTS LIMITED (REGISTERED NUMBER: 04319554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 10,633 38,095
Prepayments - 3,477
10,633 41,572

Amounts falling due after more than one year:
Amounts owed by group undertakings 173,559 304,059

Aggregate amounts 184,192 345,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 116 38,146
Trade creditors - 1
Client Deposits 3,750 -
Tax - 36,107
Accrued expenses 255 245
4,121 74,499

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank Loan - 160,604
Bank loans - 2-5 years 25,035 35,161
Bank Loans - 241,667
Bank loans more 5 yr by instal - 1,108,338
Bank loans more 5 yrs non-inst 160,140 160,140
Amounts owed to group undertakings 1,456,771 -
1,641,946 1,705,910

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 160,140 160,140

Repayable by instalments
Bank loans more 5 yr by instal - 1,108,338

VR INVESTMENTS LIMITED (REGISTERED NUMBER: 04319554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 242,628 184,877

Deferred
tax
£   
Balance at 1 June 2023 184,877
Charge to Income Statement during year 57,751
Balance at 31 May 2024 242,628

10. RELATED PARTY DISCLOSURES

The Following companies are related to VR Investments Limited:

Related party Relationship

VR Investment Group Ltd Immediate parent
VR Estates Ltd Entity under common control/ownership
VR Property Ltd Entity under common control/ownership

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is VR Investment Group Ltd, 39 Lysways Street, Walsall, England, WS1 3AG.

VR Investments Ltd is wholly owned subsidiary of VR Investment Group Ltd, a company whose registered office is at 39 Lysways Street, Walsall, England, WS1 3AG.