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REGISTERED NUMBER: 05904765 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

V-REAL INVESTMENTS LIMITED

V-REAL INVESTMENTS LIMITED (REGISTERED NUMBER: 05904765)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V-REAL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 August 2024







DIRECTORS: H Mouskis
A Gharehbaghi





SECRETARY: A Gharehbaghi





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 05904765 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

V-REAL INVESTMENTS LIMITED (REGISTERED NUMBER: 05904765)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,176 1,435
Investment property 5 4,745,317 4,116,272
4,751,493 4,117,707

CURRENT ASSETS
Debtors 6 749 -
Investments 7 659,661 422,899
Cash at bank 39,226 219,815
699,636 642,714
CREDITORS
Amounts falling due within one year 8 324,794 89,725
NET CURRENT ASSETS 374,842 552,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,126,335

4,670,696

CREDITORS
Amounts falling due after more than one year 9 (210,919 ) (309,580 )

PROVISIONS FOR LIABILITIES (184,852 ) (74,662 )
NET ASSETS 4,730,564 4,286,454

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 698,763 368,191
Retained earnings 4,031,701 3,918,163
SHAREHOLDERS' FUNDS 4,730,564 4,286,454

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

V-REAL INVESTMENTS LIMITED (REGISTERED NUMBER: 05904765)

BALANCE SHEET - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




H Mouskis - Director



A Gharehbaghi - Director


V-REAL INVESTMENTS LIMITED (REGISTERED NUMBER: 05904765)

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

1. STATUTORY INFORMATION

V-REAL INVESTMENTS LIMITED 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable profits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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.

V-REAL INVESTMENTS LIMITED (REGISTERED NUMBER: 05904765)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023 6,708
Additions 6,800
At 31 August 2024 13,508
DEPRECIATION
At 1 September 2023 5,273
Charge for year 2,059
At 31 August 2024 7,332
NET BOOK VALUE
At 31 August 2024 6,176
At 31 August 2023 1,435

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 4,116,272
Additions 425,045
Revaluations 204,000
At 31 August 2024 4,745,317
NET BOOK VALUE
At 31 August 2024 4,745,317
At 31 August 2023 4,116,272

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 327,243
Valuation in 2023 115,610
Valuation in 2024 204,000
Cost 4,098,464
4,745,317

V-REAL INVESTMENTS LIMITED (REGISTERED NUMBER: 05904765)

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

5. INVESTMENT PROPERTY - continued

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

31.8.24 31.8.23
£    £   
Cost 3,652,256 3,652,256

Investment property was valued on an open market basis on 31 August 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 749 -

7. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Other 659,661 422,899

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 41,016 39,592
Other creditors 283,778 50,133
324,794 89,725

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 210,919 309,580

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 210,919 309,580

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 210,919 309,580

V-REAL INVESTMENTS LIMITED (REGISTERED NUMBER: 05904765)

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

11. RESERVES
Fair
value
reserve
£   
At 1 September 2023 368,191
Fair value reserves 330,572

At 31 August 2024 698,763