Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 31 March 2024 31 March 2024 09997280 Mr Adam Vickers Mr Benjamin Neo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09997280 2023-02-28 09997280 2024-03-31 09997280 2023-03-01 2024-03-31 09997280 frs-core:CurrentFinancialInstruments 2024-03-31 09997280 frs-core:Non-currentFinancialInstruments 2024-03-31 09997280 frs-core:FurnitureFittings 2024-03-31 09997280 frs-core:FurnitureFittings 2023-03-01 2024-03-31 09997280 frs-core:FurnitureFittings 2023-02-28 09997280 frs-core:RevaluationReserve 2023-03-01 2024-03-31 09997280 frs-core:RevaluationReserve 2023-02-28 09997280 frs-core:RevaluationReserve 2024-03-31 09997280 frs-core:ShareCapital 2024-03-31 09997280 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09997280 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-03-31 09997280 frs-bus:FilletedAccounts 2023-03-01 2024-03-31 09997280 frs-bus:SmallEntities 2023-03-01 2024-03-31 09997280 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-03-31 09997280 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-03-31 09997280 frs-bus:Director1 2023-03-01 2024-03-31 09997280 frs-bus:Director2 2023-03-01 2024-03-31 09997280 frs-core:Non-currentFinancialInstruments 1 2024-03-31 09997280 frs-countries:EnglandWales 2023-03-01 2024-03-31 09997280 2022-02-28 09997280 2023-02-28 09997280 2022-03-01 2023-02-28 09997280 frs-core:CurrentFinancialInstruments 2023-02-28 09997280 frs-core:Non-currentFinancialInstruments 2023-02-28 09997280 frs-core:RevaluationReserve 2023-02-28 09997280 frs-core:ShareCapital 2023-02-28 09997280 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09997280 frs-core:Non-currentFinancialInstruments 1 2023-02-28
Registered number: 09997280
Vn Investments Ltd
Unaudited Financial Statements
For the Period 1 March 2023 to 31 March 2024
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09997280
31 March 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 801
Investment Properties 5 895,000 885,000
895,000 885,801
CURRENT ASSETS
Debtors 6 - 270
Cash at bank and in hand 9,709 11,943
9,709 12,213
Creditors: Amounts Falling Due Within One Year 7 (120,188 ) (136,306 )
NET CURRENT ASSETS (LIABILITIES) (110,479 ) (124,093 )
TOTAL ASSETS LESS CURRENT LIABILITIES 784,521 761,708
Creditors: Amounts Falling Due After More Than One Year 8 (618,524 ) (618,524 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,390 ) (20,297 )
NET ASSETS 139,607 122,887
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 89,636 85,881
Profit and Loss Account 49,871 36,906
SHAREHOLDERS' FUNDS 139,607 122,887
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Page 2
For the period ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adam Vickers
Director
01/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vn Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09997280 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised as rental income received.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 March 2023 2,500
As at 31 March 2024 2,500
Depreciation
As at 1 March 2023 1,699
Provided during the period 801
As at 31 March 2024 2,500
Net Book Value
As at 31 March 2024 -
As at 1 March 2023 801
5. Investment Property
31 March 2024
£
Fair Value
As at 1 March 2023 885,000
Revaluations 10,000
As at 31 March 2024 895,000
6. Debtors
31 March 2024 28 February 2023
£ £
Due within one year
Prepayments and accrued income - 270
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 28 February 2023
£ £
Other creditors 3,194 2,926
Accruals and deferred income - 1,200
Directors' loan accounts 116,994 132,180
120,188 136,306
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 28 February 2023
£ £
Mortgages 618,524 618,524
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9. Share Capital
31 March 2024 28 February 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 March 2023 85,881
Surplus on revaluation 3,755
As at 31 March 2024 89,636
Page 5