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Registration number: 06800566

Virtual Management Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Virtual Management Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Virtual Management Ltd

Company Information

Director

Mr I McAlpine

Company secretary

Mrs L McAlpine

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified AccountantsFawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Virtual Management Ltd

(Registration number: 06800566)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

4

129,446

129,446

Current assets

 

Cash at bank and in hand

 

58

945

Creditors: Amounts falling due within one year

6

(2,459)

(2,829)

Net current liabilities

 

(2,401)

(1,884)

Net assets

 

127,045

127,562

Capital and reserves

 

Called up share capital

1,000

1,000

Capital redemption reserve

1,000

1,000

Retained earnings

125,045

125,562

Shareholders' funds

 

127,045

127,562

For the financial year ending 31 January 2025 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 his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 4 February 2025
 

.........................................
Mr I McAlpine
Director

 

Virtual Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the director on 4 February 2025.

2

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.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Investments

Investments in subsidiary and associate undertakings are recognised at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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 at the transaction price.

 

Virtual Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Investments

2025
£

2024
£

Investments in associates

129,446

129,446

Subsidiaries

Fair value

Associates

£

Cost

At 1 February 2024

129,446

Provision

Carrying amount

At 31 January 2025

129,446

At 31 January 2024

129,446

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Virtual Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2025

2024

Associates

Case Design Limited

Fawley House
2 Regatta Place
Marlow Road
Bourne end
Buckinghamshire
SL8 5TD

Ordinary

37.5%

37.5%

England

Associates

Case Design Limited

The principal activity of Case Design Limited is design and manufacture of transit cases.

5

Debtors

Current

2025
£

2024
£

 

-

-

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Accruals and deferred income

450

840

Other creditors

2,009

1,989

2,459

2,829