Company Registration No. 1413257 (England and Wales)
V.A. (Property Management) Limited
Filleted Accounts
for the year ended 31 March 2024
V.A. (Property Management) Limited
Filleted Accounts
Contents
V.A. (Property Management) Limited
Company Information
for the year ended 31 March 2024
Directors
V. Abrahams
G. Abrahams
A. Abrahams
N. Abrahams
Company Number
1413257 (England and Wales)
Registered Office
116 Totteridge Lane
London
N20 8JH
United Kingdom
Accountants
Lacome & Co
Chartered Accountants
Sapphire House
73 St.Margarets Avenue
London
N20 9LD
V.A. (Property Management) Limited
Statement of financial position
as at 31 March 2024
Tangible assets
453,493
453,881
Investments
549,245
549,245
Cash at bank and in hand
242,146
190,145
Creditors: amounts falling due within one year
(268,440)
(264,734)
Net current liabilities
(25,834)
(73,981)
Net assets
976,904
929,145
Called up share capital
100
100
Revaluation reserve
161,745
161,745
Profit and loss account
815,059
767,300
Shareholders' funds
976,904
929,145
For the year ending 31 March 2024 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 16 July 2024 and were signed on its behalf by
N. Abrahams
Director
Company Registration No. 1413257
V.A. (Property Management) Limited
Notes to the Accounts
for the year ended 31 March 2024
V.A. (Property Management) Limited is a private company, limited by shares, registered in England and Wales, registration number 1413257. The registered office is 116 Totteridge Lane, London, N20 8JH, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents net invoiced fees and commissions, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is provided on the freehold property.
Fixtures & fittings
10% Reducing Balance method.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
450,000
48,563
498,563
At 31 March 2024
450,000
48,563
498,563
At 1 April 2023
-
44,682
44,682
Charge for the year
-
388
388
At 31 March 2024
-
45,070
45,070
At 31 March 2024
450,000
3,493
453,493
At 31 March 2023
450,000
3,881
453,881
5
Investments
Other investments
Valuation at 1 April 2023
549,245
Valuation at 31 March 2024
549,245
V.A. (Property Management) Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
460
608
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
211,321
208,631
Taxes and social security
12,900
14,518
Other creditors
15,524
15,524
Loans from directors
25,568
22,968
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).