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COMPANY REGISTRATION NUMBER: 07234867
Villecourt Limited
Filleted Unaudited Abridged Financial Statements
31 March 2024
Villecourt Limited
Abridged Financial Statements
Year Ended 31 March 2024
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 4
Villecourt Limited
Abridged Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed Assets
Investments
4
4,943,685
4,943,685
Current Assets
Cash at bank and in hand
1,394
6,245
Creditors: amounts falling due within one year
171,223
164,265
---------
---------
Net Current Liabilities
169,829
158,020
------------
------------
Total Assets Less Current Liabilities
4,773,856
4,785,665
Creditors: amounts falling due after more than one year
6
1,587,411
1,811,122
------------
------------
Net Assets
3,186,445
2,974,543
------------
------------
Capital and Reserves
Called up share capital
8
1,000
1,000
Profit and loss account
3,185,445
2,973,543
------------
------------
Shareholders Funds
3,186,445
2,974,543
------------
------------
These abridged 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 abridged statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged 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 abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Villecourt Limited
Abridged Statement of Financial Position (continued)
31 March 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 6 November 2024 , and are signed on behalf of the board by:
Mr R Patel
Director
Company registration number: 07234867
Villecourt Limited
Notes to the Abridged Financial Statements
Year Ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Farrington Place, Northwood, Middlesex, HA6 3SW, England.
2. Statement of compliance
These abridged 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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Investments
£
Cost
At 1 April 2023 and 31 March 2024
4,943,685
------------
Impairment
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
4,943,685
------------
At 31 March 2023
4,943,685
------------
5. Secured liabilities: Amounts falling due within one year
The aggregate amount of secured liabilities at the year end; falling due for repayment within one year amounted to £169,235 (2023: £162,330)
6. Creditors: amounts falling due after more than one year
Included within creditors: amounts falling due after more than one year is an amount of £815,764 (2023: £1,059,994) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank loan is repayable over 20 years at an interest rate of 1.65% above LIBOR.
7. Secured liabilities: Amounts falling due after more than one
year
The aggregate amount of secured liabilities at the year end; falling due for repayment after more than one year amounted to £1,587,411 (2023: £1,811,122)
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
9. Related party transactions
The company has taken advantage of exemption conferred by FRS 102 S33.1A, removing the requirement to disclose transactions between group companies.
10. Controlling party
Mr A Patel is the ultimate controlling party.
11. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2)