2023-02-01 2024-01-31 06059522 Viegas Investments Ltd false 06059522 2023-02-01 2024-01-31 06059522 uk-bus:Director1 2023-02-01 2024-01-31 06059522 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06059522 uk-bus:SmallEntities 2023-02-01 2024-01-31 06059522 uk-bus:FullAccounts 2023-02-01 2024-01-31 06059522 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06059522 2023-02-01 06059522 2024-01-31 06059522 2023-01-31 xbrli:pure iso4217:GBP 06059522 2022-02-01 2023-01-31
Company Registration Number : 06059522 (England and Wales)
06059522
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-01-31
false
Viegas Investments Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-02-01
Viegas Investments Ltd
Unaudited filleted financial statements
For the year ended 31 January 2024
Viegas Investments Ltd
Contents
For the year ended 31 January 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Viegas Investments Ltd
Company Information
For the year ended 31 January 2024

Company registration number 06059522 (England and Wales)
Director Mark Victor Viegas
Company secretary Szelin Lim
Registered office address 191 Tonbridge Road
Wateringbury
Maidstone
Kent
ME18 5NY
Accountant DNS Associates
Chartered Accountants
DNS House, 382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
Viegas Investments Ltd
Statement of Financial Position
For the year ended 31 January 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 7,574 9,467
Investment Property 149,869 149,869
5 157,442 159,336
Current assets
Cash and cash equivalents 4,028 1,992
4,028 1,992
Current liabilities
Creditors: Amounts falling due within one year (146,873) (149,143)
(146,873) (149,143)
Net current (liabilities)/assets (142,846) (147,151)
Total assets less current liabilities 14,597 12,185
Non-current liabilities
Creditors: Amounts falling due after more than one year (41,250) (41,250)
Net (liabilities)/assets (26,653) (29,065)
Capital and reserves
Called up share capital 1 1
Retained earnings (26,654) (29,066)
Shareholder's funds (26,653) (29,065)
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 28 October 2024
.............................
Mark Victor Viegas (Director)
Company registration number: 06059522
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-01-31 31 January 2024
2024 2023
£ £
Fixed Assets 157,443 159,336
Current Assets 4,028 1,992
Creditors: amounts falling due within one year (146,873) (149,143)
Net current assets (liabilities) (142,846) (147,151)
Total assets less current liabilities 14,597 12,185
CREDITORS: Amounts falling due more than one year (41,250) (41,250)
Net Assets (liabilities) (26,653) (29,065)
Capital and Reserves (26,653) (29,065)
For the year ending 31/01/2024 the company was entitled to exemption 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. For the year ending 31-01-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 28 October 2024 2024-10-28 and signed on behalf of the board,
.............................
Mark Victor Viegas
Director
Company registration number: 06059522
Viegas Investments Ltd
Notes to the Financial Statements
For the year ended 31 January 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 191 Tonbridge Road, Wateringbury, Maidstone, Kent, ME18 5NY.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars20% reducing balance
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value.
Loans and borrowings
These are initially recognised at fair value, based upon the nominal amount outstanding. Subsequent to initial recognition, they are recorded at amortised cost. Borrowing costs arising on bank borrowings are expensed as incurred within financial expense using the effective interest method.
Effective interest method
The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or where appropriate a shorter period, to the net carrying amount on initial recognition.
Investments
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an ongoing basis.

(4) Employees
During the year, the average number of employees including director was 1 (2023 : 1).

(5) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 February 202322,290149,869172,159
As at 31 January 202422,290149,869172,159
Depreciation/Amortisation
As at 01 February 202312,823-12,823
For the year1,893-1,893
As at 31 January 202414,716-14,716
Net book value
As at 31 January 20247,574149,869157,443
As at 31 January 20239,467149,869159,336

(6) Investment Properties
These financial statements for the year ended 31 January 2024 are the financial statements of the company prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at fair value under FRS 102 1a and there are no fair value gains or losses reported during the year.

(7) Creditors > 1 year (Mortgage Loans)
The mortgage loans are secured on the properties.