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COMPANY REGISTRATION NUMBER: 12630898
VCD TWO DEVELOPMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
VCD TWO DEVELOPMENTS LIMITED
FINANCIAL STATEMENTS
Year ended 31 January 2024
CONTENTS
PAGE
Balance sheet
1
Notes to the financial statements
2
VCD TWO DEVELOPMENTS LIMITED
BALANCE SHEET
31 January 2024
2024
2023
Note
£
£
CURRENT ASSETS
Stocks
60,762
147,919
Debtors
4
9,527
9,456
Cash at bank and in hand
5
748,218
--------
---------
70,294
905,593
CREDITORS: amounts falling due within one year
5
47,059
( 787,580)
---------
---------
NET CURRENT ASSETS
117,353
118,013
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
117,353
118,013
---------
---------
NET ASSETS
117,353
118,013
---------
---------
CAPITAL AND RESERVES
Called up share capital
4
4
Capital contribution reserve
122,313
122,313
Profit and loss account
( 4,964)
( 4,304)
---------
---------
SHAREHOLDERS FUNDS
117,353
118,013
---------
---------
These financial statements have been prepared and delivered 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 UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
Mr T P Bailey
Director
Company registration number: 12630898
VCD TWO DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 January 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 2 Britannia House, Suite D&E, Penny Lane, Cowbridge, Vale of Glamorgan, CF71 7EG, Wales.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. DEBTORS
2024
2023
£
£
Other debtors
9,527
9,456
-------
-------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
780
2,894
Amounts owed to group undertakings and undertakings in which the company has a participating interest
( 49,239)
35,286
Other creditors
1,400
749,400
--------
---------
( 47,059)
787,580
--------
---------
6. RELATED PARTY TRANSACTIONS
The company has taken advantage of the exemption provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions between wholly owned members of the same group.
7. CONTROLLING PARTY
In the opinion of the directors, the company's ultimate parent company is VCD Asset Management Limited, a company registered in England & Wales, by virtue of its 100% shareholding.