Registered number
03357985
VCRA Ltd
Report and Unaudited Accounts
30 April 2024
VCRA Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6
VCRA Ltd
Company Information
Directors
S P Webb
K M Biggs
D R Mallett
C Neal
SC Wright (resigned 9 May 2023)
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
118-120 The High Street
Lee-on-the-Solent
Hampshire
PO13 9DB
Registered number
03357985
VCRA Ltd
Registered number: 03357985
Directors' Report
The directors present their report and accounts for the year ended 30 April 2024.
Principal activities
The company's principal activity during the year continued to be that of the management and administration of the property consisting of;

Victory Court
22 - 23 Marine Parade West
Lee-on-the-Solent
Hampshire
PO13 9LN
Directors
The following persons served as directors during the year:
S P Webb
K M Biggs
D R Mallett
C Neal
SC Wright (resigned 9 May 2023)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 16 July 2024 and signed by its order.
S P Webb
Director
VCRA Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of VCRA Ltd for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VCRA Ltd for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Balance Sheet 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
9 August 2024
VCRA Ltd
Profit and Loss Account
for the year ended 30 April 2024
Notes 2024 2023
£ £
Turnover 150 150
Administrative expenses (522) (480)
Operating loss (372) (330)
Loss on ordinary activities before taxation (372) (330)
Tax on loss on ordinary activities - -
Loss for the financial year (372) (330)
VCRA Ltd
Registered number: 03357985
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50,245 50,245
Current assets
Debtors 4 22,588 22,918
Creditors: amounts falling due within one year 5 (522) (480)
Net current assets 22,066 22,438
Net assets 72,311 72,683
Capital and reserves
Called up share capital 23 23
Introduced by residents to purchase the freehold 6 50,245 50,245
Profit and loss account 22,043 22,415
Shareholders' funds 72,311 72,683
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
S P Webb
Director
Approved by the board on 16 July 2024
VCRA Ltd
Notes to the Accounts
for the year ended 30 April 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 represents ground rents receivable.
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. Due to the life of the building being in excess of fifty years, no depreciation has been provided. Impairment reviews are carried out periodically.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 50,245
At 30 April 2024 50,245
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 50,245
At 30 April 2023 50,245
The land registry details the ownership of the freehold property as VCRA Limited. We are advised by the solicitor that the freehold property is held in trust by the company on behalf of the shareholders.
4 Debtors 2024 2023
£ £
Due from Victory Court Residents Association 22,588 22,918
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 522 480
6 Introduced by residents to purchase the freehold 2024 2023
£ £
At 1 May 2023 50,245 50,245
At 30 April 2024 50,245 50,245
7 Controlling party
The company is controlled by the residents of Victory Court by virtue of their shareholdings.
8 Other information
VCRA Ltd is a private company limited by shares and incorporated in England. Its registered office is:
118-120 The High Street
Lee-on-the-Solent
Hampshire
PO13 9DB
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