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REGISTERED NUMBER: 14109996 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

VYAS REAL ESTATE LTD

VYAS REAL ESTATE LTD (REGISTERED NUMBER: 14109996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VYAS REAL ESTATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr D Vyas
Miss M Castle





REGISTERED OFFICE: St James' Hall
Mill Road
Lancing
West Sussex
BN15 0PT





REGISTERED NUMBER: 14109996 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

VYAS REAL ESTATE LTD (REGISTERED NUMBER: 14109996)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 325,000 310,000

CURRENT ASSETS
Debtors 5 1,473 1,895
Cash at bank 1,962 1,923
3,435 3,818
CREDITORS
Amounts falling due within one year 6 (116,079 ) (102,959 )
NET CURRENT LIABILITIES (112,644 ) (99,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,356

210,859

CREDITORS
Amounts falling due after more than one
year

7

(220,208

)

(220,114

)
NET LIABILITIES (7,852 ) (9,255 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 19,065 6,900
Retained earnings (27,017 ) (16,255 )
SHAREHOLDERS' FUNDS (7,852 ) (9,255 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VYAS REAL ESTATE LTD (REGISTERED NUMBER: 14109996)

BALANCE SHEET - continued
31 MAY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:




Mr D Vyas - Director



Miss M Castle - Director


VYAS REAL ESTATE LTD (REGISTERED NUMBER: 14109996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Vyas Real Estate 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable on investment properties for the accounting period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

VYAS REAL ESTATE LTD (REGISTERED NUMBER: 14109996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 310,000
Disposals (18 )
Revaluations 15,018
At 31 May 2024 325,000
NET BOOK VALUE
At 31 May 2024 325,000
At 31 May 2023 310,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 8,519
Valuation in 2024 15,018
Cost 301,463
325,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 301,463 301,481

The Investment properties were valued on an open market basis on 31 May 2024 by the directors .

The company owns 3 investment properties and the combined value of the properties was £325,000 at the financial year end 31st May 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,473 1,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 116,079 102,959

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 220,208 220,114

VYAS REAL ESTATE LTD (REGISTERED NUMBER: 14109996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 220,208 220,114

8. SECURED DEBTS

The mortgage is secured by a charge over the assets in the company including investment property.

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023 6,900
Non distributable profit 12,165

At 31 May 2024 19,065