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REGISTERED NUMBER: 12915592 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

VITA REAL ESTATE (UK) LTD

VITA REAL ESTATE (UK) LTD (REGISTERED NUMBER: 12915592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

VITA REAL ESTATE (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D L Brown





REGISTERED OFFICE: 191 Westhall Road
Warlingham
Surrey
CR69HL





REGISTERED NUMBER: 12915592 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN

VITA REAL ESTATE (UK) LTD (REGISTERED NUMBER: 12915592)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,316 15,121
Investment property 5 860,811 860,811
875,127 875,932

CURRENT ASSETS
Debtors 6 - 99
Cash at bank 6,065 6
6,065 105
CREDITORS
Amounts falling due within one year 7 851,865 816,054
NET CURRENT LIABILITIES (845,800 ) (815,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,327

59,983

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 29,325 59,981
29,327 59,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VITA REAL ESTATE (UK) LTD (REGISTERED NUMBER: 12915592)

BALANCE SHEET - continued
29 FEBRUARY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





D L Brown - Director


VITA REAL ESTATE (UK) LTD (REGISTERED NUMBER: 12915592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Vita Real Estate (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is charged at the following rates:

Fixtures & Fittings - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents in the balance sheet include cash in hand, deposits held at call with banks, other short-term deposits with an original maturity of three months or less.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price including transaction costs. Any losses arising from impairment review at the reporting end date are recognised in the profit and loss account.


VITA REAL ESTATE (UK) LTD (REGISTERED NUMBER: 12915592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 17,200
Additions 3,670
At 29 February 2024 20,870
DEPRECIATION
At 1 March 2023 2,079
Charge for year 4,475
At 29 February 2024 6,554
NET BOOK VALUE
At 29 February 2024 14,316
At 28 February 2023 15,121

VITA REAL ESTATE (UK) LTD (REGISTERED NUMBER: 12915592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 860,811
NET BOOK VALUE
At 29 February 2024 860,811
At 28 February 2023 860,811

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 99

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 564,000 540,000
Trade creditors 5,340 66,020
Other creditors 282,525 210,034
851,865 816,054

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 564,000 540,000

At the Balance Sheet date, a bank loan with a balance of £564,000 (2023: £540,000) was secured against the investment property held by the Company.

VITA REAL ESTATE (UK) LTD (REGISTERED NUMBER: 12915592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
D L Brown
Balance outstanding at start of year (186,702 ) (208,877 )
Amounts advanced 16,470 149,265
Amounts repaid (102,605 ) (127,090 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (272,837 ) (186,702 )

J P O'Boyle
Balance outstanding at start of year (7,232 ) (24,285 )
Amounts advanced 1,775 31,949
Amounts repaid (1,754 ) (14,896 )
Amounts written off 7,211 -
Amounts waived - -
Balance outstanding at end of year - (7,232 )

Loans from the directors to the company are interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

Vita Property Developments London Limited

Company in which D Brown is a director and shareholder.

At the balance sheet date, SW Retreats Limited owed Vita Property Developments London Limited £2,900 (2023: £11,000).

The loan is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VITA REAL ESTATE (UK) LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vita Real Estate (UK) Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Vita Real Estate (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vita Real Estate (UK) Ltd and state those matters that we have agreed to state to the director of Vita Real Estate (UK) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vita Real Estate (UK) Ltd and its director for our work or for this report.

It is your duty to ensure that Vita Real Estate (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Vita Real Estate (UK) Ltd. You consider that Vita Real Estate (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vita Real Estate (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


28 November 2024