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REGISTERED NUMBER: 05766258 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

VANDE DEVELOPMENTS LIMITED

VANDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05766258)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VANDE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr V O O'Malley
Mr E J Parete





REGISTERED OFFICE: Unit 7
Dominion Business Park
Goodwin Road
Edmonton
London
N9 0BG





REGISTERED NUMBER: 05766258 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

VANDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05766258)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12 16
Investment property 5 950,000 950,000
950,012 950,016

CURRENT ASSETS
Debtors 6 903,037 1,139,217
Cash at bank 1,831 3,709
904,868 1,142,926
CREDITORS
Amounts falling due within one year 7 1,847,022 1,846,944
NET CURRENT LIABILITIES (942,154 ) (704,018 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,858

245,998

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 122,061 122,061
Retained earnings (114,303 ) 123,837
SHAREHOLDERS' FUNDS 7,858 245,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

VANDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05766258)

BALANCE SHEET - continued
30 APRIL 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Mr V O O'Malley - Director


VANDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05766258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Vande Developments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 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.



Investment properties are include in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Small entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 1985, which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

The directors are of the opinion that the cost of the investment property fairly reflects the current open market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

VANDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05766258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 2,192
DEPRECIATION
At 1 May 2023 2,176
Charge for year 4
At 30 April 2024 2,180
NET BOOK VALUE
At 30 April 2024 12
At 30 April 2023 16

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 950,000
NET BOOK VALUE
At 30 April 2024 950,000
At 30 April 2023 950,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2017 93,559
Valuation in 2019 28,502
Cost 827,939
950,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 827,939 827,939

Investment properties were valued on an open market basis on 30 April 2024 by the director .

VANDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05766258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Loans 500,000 736,180
Related company 403,037 403,037
903,037 1,139,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 8) 612,579 613,428
Tenants deposit 124 124
Directors' current accounts 1,231,799 1,230,199
Accrued expenses 2,520 3,193
1,847,022 1,846,944

8. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank Loans 612,579 613,428

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 612,579 613,428

The bank loans are secured by first legal charge over investment properties of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

VANDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05766258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 122,061