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Registration number: 11069843

Viehard Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

image-name
 

Viehard Limited

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

 

Viehard Limited

Company Information

Directors

Mr Stevie-Lee Pattinson

Mr Richard Anthony Nellis

Registered office

Lion House
400 Durham Road
Birtley
Co Durham
DH3 1LS

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

Viehard Limited

Directors' Report for the Year Ended 31 January 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Stevie-Lee Pattinson

Mr Richard Anthony Nellis

Principal activity

The principal activity of the company is property rental and management

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 October 2024 and signed on its behalf by:
 

.........................................
Mr Stevie-Lee Pattinson
Director

.........................................
Mr Richard Anthony Nellis
Director

 

Viehard Limited

Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Turnover

 

200,000

200,000

Gross profit

 

200,000

200,000

Administrative expenses

 

(196,750)

(200,244)

Other operating income

 

-

9,000

Operating profit

 

3,250

8,756

Interest payable and similar expenses

 

(808)

(1,088)

Profit before tax

4

2,442

7,668

Tax on profit

 

4,077

1,593

Profit for the financial year

 

6,519

9,261

All the activities of the company are from continuing operations.

 

Viehard Limited

(Registration number: 11069843)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

831,679

903,539

Other financial assets

6

100

100

 

831,779

903,639

Current assets

 

Debtors

7

446,191

615,316

Cash at bank and in hand

 

81,328

36,795

 

527,519

652,111

Creditors: Amounts falling due within one year

8

(1,311,189)

(1,498,835)

Net current liabilities

 

(783,670)

(846,724)

Total assets less current liabilities

 

48,109

56,915

Creditors: Amounts falling due after more than one year

8

(26,245)

(37,493)

Provisions for liabilities

(748)

(4,825)

Net assets

 

21,116

14,597

Capital and reserves

 

Called up share capital

200

200

Retained earnings

20,916

14,397

Shareholders' funds

 

21,116

14,597

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 October 2024 and signed on its behalf by:
 

 

Viehard Limited

(Registration number: 11069843)
Balance Sheet as at 31 January 2024 (continued)

.........................................
Mr Stevie-Lee Pattinson
Director

.........................................
Mr Richard Anthony Nellis
Director

 

Viehard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lion House
400 Durham Road
Birtley
Co Durham
DH3 1LS

These financial statements were authorised for issue by the Board on 17 October 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic or Ireland'.

Basis of preparation

These financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents a management charge. Management income is recognised on an accruals basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Viehard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class

Depreciation method and rate

Leasehold property

5% straight line

Fixtures and fittings

10% straight line

Equipment

10% straight line

Leasehold property

Leasehold property is shown at cost less depreciation. The director does not believe that the market value is materially different to the value shown in the accounts.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

79,170

78,620

 

Viehard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

5

Tangible assets

Short leasehold property
£

Fixtures and fittings
£

Equipment
£

Total
£

Cost or valuation

At 1 February 2023

755,440

206,016

139,000

1,100,456

Additions

7,310

-

-

7,310

At 31 January 2024

762,750

206,016

139,000

1,107,766

Depreciation

At 1 February 2023

91,096

61,896

43,925

196,917

Charge for the year

44,668

20,602

13,900

79,170

At 31 January 2024

135,764

82,498

57,825

276,087

Carrying amount

At 31 January 2024

626,986

123,518

81,175

831,679

At 31 January 2023

664,343

144,121

95,075

903,539

 

Viehard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

6

Investments

Shares in group undertakings
£

Non-current financial assets

Cost or valuation

At 1 February 2023

100

At 31 January 2024

100

Carrying amount

At 31 January 2024

100

7

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

399,300

569,528

Prepayments

 

19,742

18,511

Other debtors

 

27,149

27,277

   

446,191

615,316

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

60,000

60,000

Taxation and social security

 

41,796

-

Accruals and deferred income

 

594

567

Other creditors

 

1,208,799

1,438,268

 

1,311,189

1,498,835

 

Viehard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

8

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

26,245

37,493

9

Related party transactions

Included in debtors is £399,300 (2023: £569,528) owed by the company's subsidiary Hibou Blanc Limited.

Included in creditors is £60,000 (2023: £60,000) owed to a company in which the directors, or other close family members, have an interest.

Included in creditors due within one year is £759,091 (2023: £969,854) owed to the company's directors, or close family members.