Vassago Property Ltd 10135732 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is dormant. Digita Accounts Production Advanced 6.30.9574.0 true true 10135732 2023-04-01 2024-03-31 10135732 2024-03-31 10135732 bus:OrdinaryShareClass1 2024-03-31 10135732 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10135732 core:FurnitureFittingsToolsEquipment 2024-03-31 10135732 bus:SmallEntities 2023-04-01 2024-03-31 10135732 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10135732 bus:FilletedAccounts 2023-04-01 2024-03-31 10135732 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10135732 bus:RegisteredOffice 2023-04-01 2024-03-31 10135732 bus:Director1 2023-04-01 2024-03-31 10135732 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10135732 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10135732 core:ComputerEquipment 2023-04-01 2024-03-31 10135732 countries:AllCountries 2023-04-01 2024-03-31 10135732 2023-03-31 10135732 core:FurnitureFittingsToolsEquipment 2023-03-31 10135732 2022-04-01 2023-03-31 10135732 2023-03-31 10135732 bus:OrdinaryShareClass1 2023-03-31 10135732 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10135732 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10135732

Vassago Property Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Vassago Property Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Vassago Property Ltd

Company Information

Director

Mrs A Chandler

Registered office

2 Toomers Wharf,
Canal Walk
Newbury
Berkshire
RG14 1DY

Accountants

EJBC Chartered Accountants
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

 

Vassago Property Ltd

(Registration number: 10135732)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

455

455

Creditors: Amounts falling due within one year

(24,657)

(24,657)

Net liabilities

 

(24,202)

(24,202)

Capital and reserves

 

Called up share capital

4

1,000

1,000

Retained earnings

(25,202)

(25,202)

Shareholders' deficit

 

(24,202)

(24,202)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 January 2025
 

.........................................
Mrs A Chandler
Director

 

Vassago Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computers

25% straight line

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Vassago Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

910

910

At 31 March 2024

910

910

Depreciation

At 1 April 2023

455

455

At 31 March 2024

455

455

Carrying amount

At 31 March 2024

455

455

At 31 March 2023

455

455

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000