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COMPANY REGISTRATION NUMBER: 10322850
Vanity Fair Investments Limited
Filleted Unaudited Abridged Financial Statements
30 April 2024
Vanity Fair Investments Limited
Abridged Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
907,317
907,317
Current assets
Cash at bank and in hand
3,306
2,482
Creditors: amounts falling due within one year
281,366
280,846
---------
---------
Net current liabilities
278,060
278,364
---------
---------
Total assets less current liabilities
629,257
628,953
Creditors: amounts falling due after more than one year
632,232
632,232
---------
---------
Net liabilities
( 2,975)
( 3,279)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 2,977)
( 3,281)
-------
-------
Shareholders deficit
( 2,975)
( 3,279)
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Vanity Fair Investments Limited
Abridged Statement of Financial Position (continued)
30 April 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 11 January 2025 , and are signed on behalf of the board by:
Mr N Maharaj
Director
Company registration number: 10322850
Vanity Fair Investments Limited
Notes to the Abridged Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 64 Bush Road, Buckhurst Hill, Essex, IG6 9ES.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income receivable. 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. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
£
Cost
At 1 May 2023 and 30 April 2024
907,317
---------
Depreciation
At 1 May 2023 and 30 April 2024
---------
Carrying amount
At 30 April 2024
907,317
---------
At 30 April 2023
907,317
---------
The company's investment properties were revalued on a fair value basis by the directors on 30 April 2024.
6. Creditors
Amounts falling due after more than one year include bank loans secured by the company.