Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseProperty investment22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07785510 2023-04-01 2024-03-31 07785510 2022-04-01 2023-03-31 07785510 2024-03-31 07785510 2023-03-31 07785510 c:Director1 2023-04-01 2024-03-31 07785510 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 07785510 d:FreeholdInvestmentProperty 2024-03-31 07785510 d:FreeholdInvestmentProperty 2023-03-31 07785510 d:CurrentFinancialInstruments 2024-03-31 07785510 d:CurrentFinancialInstruments 2023-03-31 07785510 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07785510 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07785510 d:ShareCapital 2024-03-31 07785510 d:ShareCapital 2023-03-31 07785510 d:RetainedEarningsAccumulatedLosses 2024-03-31 07785510 d:RetainedEarningsAccumulatedLosses 2023-03-31 07785510 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 07785510 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 07785510 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07785510 c:OrdinaryShareClass1 2024-03-31 07785510 c:OrdinaryShareClass1 2023-03-31 07785510 c:FRS102 2023-04-01 2024-03-31 07785510 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07785510 c:FullAccounts 2023-04-01 2024-03-31 07785510 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07785510 2 2023-04-01 2024-03-31 07785510 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07785510









VITTORIA PROPERTY INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
VITTORIA PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 07785510

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,078,087
1,320,087

  
1,078,087
1,320,087

Current assets
  

Debtors: amounts falling due within one year
 5 
2,966
10,003

Cash at bank and in hand
 6 
17,745
3,124

  
20,711
13,127

Creditors: amounts falling due within one year
 7 
(569,144)
(877,702)

Net current liabilities
  
 
 
(548,433)
 
 
(864,575)

Total assets less current liabilities
  
529,654
455,512

  

Net assets
  
529,654
455,512


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
529,454
455,312

  
529,654
455,512


Page 1

 
VITTORIA PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 07785510
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit and loss account 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: 



................................................
Mr D R Cole
Director

Date: 26 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VITTORIA PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Vittoria Property Investments Limited, company number 07785510, is a private limited company, limited by shares, incorporated in England and Wales, with it's registered office and principal place of business at Bentleys Farm, Woodhouse Lane, Marchwiel, Wrexham, LL13 OST.

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

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.

 
2.3

Interest income

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

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
VITTORIA PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).





The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
VITTORIA PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,320,087


Disposals
(242,000)



At 31 March 2024
1,078,087

The 2024 valuations were made by the directors, 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
2023
£
£


Historic cost
1,078,087
1,320,087

1,078,087
1,320,087


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
2,966
10,003

2,966
10,003



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,745
3,124

17,745
3,124


Page 5

 
VITTORIA PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
15,624
17,419

Other creditors
530,938
833,938

Accruals and deferred income
22,582
26,345

569,144
877,702



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
17,745
17,745




Financial assets measured at fair value through profit or loss comprise...


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) Ordinary Shares shares of £1.00 each
200
200



10.


Related party transactions

Included in other creditors at the year end are amounts owed to the shareholders of the company totalling £530,938 (2023: £833,938). No interest is being charged on these amounts and there are no fixed dates for repayment.

 
Page 6