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Company Registration No. 09979526 (England and Wales)
V&A Investments Limited Unaudited accounts for the year ended 29 February 2024
V&A Investments Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,180 
36,129 
Investment property
955,000 
955,000 
982,180 
991,129 
Current assets
Debtors
3,153 
2,625 
Cash at bank and in hand
19,894 
15,973 
23,047 
18,598 
Creditors: amounts falling due within one year
(4,204)
(2,473)
Net current assets
18,843 
16,125 
Total assets less current liabilities
1,001,023 
1,007,254 
Creditors: amounts falling due after more than one year
(924,987)
(925,628)
Provisions for liabilities
Deferred tax
(19,278)
(19,278)
Net assets
56,758 
62,348 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
56,658 
62,248 
Shareholders' funds
56,758 
62,348 
For the year ending 29 February 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 1 July 2024 and were signed on its behalf by
Vinay Joshi Director Company Registration No. 09979526
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V&A Investments Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
V&A Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 09979526. The registered office is First Floor Offices 25 Sanders Road, Finedon Road Industrial Estate, Wellingborough, Northamptonshire, NN8 4NL, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value of gross rent due to the company for the financial year.
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:
Computer equipment
33% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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V&A Investments Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
36,381 
3,997 
40,378 
Additions
- 
587 
587 
At 29 February 2024
36,381 
4,584 
40,965 
Depreciation
At 1 March 2023
902 
3,347 
4,249 
Charge for the year
8,870 
666 
9,536 
At 29 February 2024
9,772 
4,013 
13,785 
Net book value
At 29 February 2024
26,609 
571 
27,180 
At 28 February 2023
35,479 
650 
36,129 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
955,000 
At 29 February 2024
955,000 
There has been no valuation of investment property by an independent valuer. The directors have valued the properties and believe they are valued at fair value.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,400 
1,500 
Accrued income and prepayments
708 
1,125 
Other debtors
45 
- 
3,153 
2,625 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,028 
13 
Deferred income
3,176 
2,460 
4,204 
2,473 
- 4 -
V&A Investments Limited Notes to the Accounts for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
377,966 
374,085 
Loans from directors
547,021 
551,543 
924,987 
925,628 
The bank loans are secured against the investment properties.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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