Company registration number 13901369 (England and Wales)
VIOMAR PROPERTY MANAGEMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
VIOMAR PROPERTY MANAGEMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
VIOMAR PROPERTY MANAGEMENT LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
59,563
Current assets
Debtors
4
18,877
1,000
Cash at bank and in hand
3,063
21,940
1,000
Creditors: amounts falling due within one year
5
(588)
Net current assets
21,352
1,000
Total assets less current liabilities
80,915
1,000
Creditors: amounts falling due after more than one year
6
(90,000)
Net (liabilities)/assets
(9,085)
1,000
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(10,085)
Total equity
(9,085)
1,000
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 18 November 2024 and are signed on its behalf by:
Shaun Sookoo
Director
Company registration number 13901369 (England and Wales)
VIOMAR PROPERTY MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Viomar Property Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Soho House, 362 - 364 Soho Road, Birmingham, UK, B21 9QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
3
Investment property
2024
£
Fair value
At 1 April 2023
Additions
59,563
At 31 March 2024
59,563
VIOMAR PROPERTY MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
18,877
1,000
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
168
Other creditors
420
588
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
90,000
7
Ultimate Controlling Party
The ultimate controlling party is Viomar Holdings Ltd