Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalsefalse2023-02-271falsetrue 14690874 2023-02-26 14690874 2023-02-27 2024-07-31 14690874 2022-02-27 2023-02-26 14690874 2024-07-31 14690874 c:Director1 2023-02-27 2024-07-31 14690874 d:FreeholdInvestmentProperty 2023-02-27 2024-07-31 14690874 d:FreeholdInvestmentProperty 2024-07-31 14690874 d:CurrentFinancialInstruments 2024-07-31 14690874 d:Non-currentFinancialInstruments 2024-07-31 14690874 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14690874 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 14690874 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 14690874 d:ShareCapital 2024-07-31 14690874 d:RetainedEarningsAccumulatedLosses 2024-07-31 14690874 c:OrdinaryShareClass1 2023-02-27 2024-07-31 14690874 c:OrdinaryShareClass1 2024-07-31 14690874 c:FRS102 2023-02-27 2024-07-31 14690874 c:AuditExempt-NoAccountantsReport 2023-02-27 2024-07-31 14690874 c:FullAccounts 2023-02-27 2024-07-31 14690874 c:PrivateLimitedCompanyLtd 2023-02-27 2024-07-31 14690874 2 2023-02-27 2024-07-31 14690874 6 2023-02-27 2024-07-31 14690874 e:PoundSterling 2023-02-27 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14690874









VORA PROPERTY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
VORA PROPERTY LTD
REGISTERED NUMBER: 14690874

BALANCE SHEET
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Investments
 4 
16,000

Investment property
 5 
103,423

  
119,423

Current assets
  

Debtors: amounts falling due within one year
 6 
77

Cash at bank and in hand
 7 
2,535

  
2,612

Creditors: amounts falling due within one year
 8 
(59,519)

Net current (liabilities)/assets
  
 
 
(56,907)

Total assets less current liabilities
  
62,516

Creditors: amounts falling due after more than one year
 9 
(69,330)

  

Net (liabilities)/assets
  
(6,814)


Capital and reserves
  

Called up share capital 
 11 
1

Profit and loss account
  
(6,815)

  
(6,814)


Page 1

 
VORA PROPERTY LTD
REGISTERED NUMBER: 14690874
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S P Vora
Director

Date: 25 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VORA PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Vora Property Ltd is a private company limited by shares and incorporated in England and Wales (registered number 14690874). The registered office address is 25 York Avenue, Stanmore, HA7 2HT.
The financial statements are presented in Sterling, which is the functional currency of the company.
The comapny was incorporated on 27 February 2023 and began trading on the same day.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the director and shareholder for financial support, which the director is confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 31 July 2024, the company had net liabilities of £6,814. The director and shareholder has indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the director and shareholder.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
VORA PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
VORA PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

3.


Employees




The average monthly number of employees, including directors, during the Period was 1.


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


Additions
16,000



At 31 July 2024
16,000





5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
103,423



At 31 July 2024
103,423

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
103,423

103,423

Page 5

 
VORA PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

6.


Debtors

2024
£


Prepayments and accrued income
77

77



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
2,535

2,535



8.


Creditors: Amounts falling due within one year

2024
£

Other creditors
57,799

Accruals and deferred income
1,720

59,519



9.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
69,330

69,330


Page 6

 
VORA PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
69,330

69,330

69,330



11.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


The company issued 1 Ordinary share of £1.00 at incorporation.


12.


Related party transactions

Included within other creditors is £57,799 owed to the director.

 
Page 7