Registered number
12789279
Vesta Family Limited
Filleted Accounts
31 August 2024
Vesta Family Limited
Registered number: 12789279
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 675,564 690,936
Investments 4 173,233 200,000
848,797 890,936
Current assets
Cash at bank and in hand 45,849 7,308
Creditors: amounts falling due within one year 5 (1,430) (712)
Net current assets 44,419 6,596
Total assets less current liabilities 893,216 897,532
Creditors: amounts falling due after more than one year 6 (940,093) (941,051)
Provisions for liabilities (1,330) (1,330)
Net liabilites (48,207) (44,849)
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 (7,000) (7,000)
Profit and loss account (41,307) (37,949)
Shareholder's funds (48,207) (44,849)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Emilie Head
Director
Approved by the board on 16 December 2024
Vesta Family Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% straight line
Plant and machinery 30% straight line
Fixtures, fittings, tools and equipment 15% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 717,420 13,582 731,002
At 31 August 2024 717,420 13,582 731,002
Depreciation
At 1 September 2023 35,667 4,399 40,066
Charge for the year 13,949 1,423 15,372
At 31 August 2024 49,616 5,822 55,438
Net book value
At 31 August 2024 667,804 7,760 675,564
At 31 August 2023 681,753 9,183 690,936
4 Investments
Other
investments
£
Cost
At 1 September 2023 200,000
Disposals (26,767)
At 31 August 2024 173,233
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 725 712
Taxation and social security costs 705 -
1,430 712
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 109,235 109,235
Other creditors 830,858 831,816
940,093 941,051
7 Revaluation reserve 2024 2023
£ £
At 1 September 2023 (7,000) (7,000)
At 31 August 2024 (7,000) (7,000)
8 Controlling party
Mrs Emilie Head is the sole sharehholder and director of the company.
9 Other information
Vesta Family Limited is a private company limited by shares and incorporated in England. Its registered office is:
74 West Street
South Petherton
Somerset
TA13 5DJ
Vesta Family Limited 12789279 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Emilie Head No description of principal activity 12789279 2022-09-01 2023-08-31 12789279 core:WithinOneYear 2023-08-31 12789279 core:AfterOneYear 2023-08-31 12789279 core:ShareCapital 2023-08-31 12789279 core:OtherReservesSubtotal 2023-08-31 12789279 core:RetainedEarningsAccumulatedLosses 2023-08-31 12789279 core:RevaluationReserve 2022-08-31 12789279 2023-09-01 2024-08-31 12789279 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12789279 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12789279 bus:Director40 2023-09-01 2024-08-31 12789279 2 2023-09-01 2024-08-31 12789279 core:LandBuildings 2023-09-01 2024-08-31 12789279 core:PlantMachinery 2023-09-01 2024-08-31 12789279 countries:England 2023-09-01 2024-08-31 12789279 bus:FRS102 2023-09-01 2024-08-31 12789279 bus:FilletedAccounts 2023-09-01 2024-08-31 12789279 2024-08-31 12789279 core:WithinOneYear 2024-08-31 12789279 core:AfterOneYear 2024-08-31 12789279 core:ShareCapital 2024-08-31 12789279 core:OtherReservesSubtotal 2024-08-31 12789279 core:RetainedEarningsAccumulatedLosses 2024-08-31 12789279 core:LandBuildings 2024-08-31 12789279 core:PlantMachinery 2024-08-31 12789279 core:DisposalsRepaymentsInvestments 2024-08-31 12789279 core:RevaluationReserve 2024-08-31 12789279 2023-08-31 12789279 core:LandBuildings 2023-08-31 12789279 core:PlantMachinery 2023-08-31 12789279 core:RevaluationReserve 2023-08-31 iso4217:GBP xbrli:pure