Company Registration No. 13840324 (England and Wales)
Vaughan Holdings (Porthcawl) Ltd
Unaudited accounts
for the year ended 31 May 2024
Vaughan Holdings (Porthcawl) Ltd
Unaudited accounts
Contents
Vaughan Holdings (Porthcawl) Ltd
Company Information
for the year ended 31 May 2024
Company Number
13840324 (England and Wales)
Registered Office
Coed ar Graig House
Newton
Porthcawl
CF36 5SS
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Vaughan Holdings (Porthcawl) Ltd
for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vaughan Holdings (Porthcawl) Ltd for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
24 June 2024
Vaughan Holdings (Porthcawl) Ltd
Statement of financial position
as at 31 May 2024
Investment property
599,517
599,517
Cash at bank and in hand
3,120
16,718
Creditors: amounts falling due within one year
(600)
(600)
Net current assets
21,736
34,309
Net assets
631,195
643,768
Called up share capital
2
2
Profit and loss account
631,193
643,766
Shareholders' funds
631,195
643,768
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 June 2024 and were signed on its behalf by
Philip Vaughan
Director
Company Registration No. 13840324
Vaughan Holdings (Porthcawl) Ltd
Notes to the Accounts
for the year ended 31 May 2024
Vaughan Holdings (Porthcawl) Ltd is a private company, limited by shares, registered in England and Wales, registration number 13840324. The registered office is Coed ar Graig House, Newton, Porthcawl, CF36 5SS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments in shares are included at fair value.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 June 2023
599,517
The property is included in the accounts based on the directors opinion of the current market value.
5
Investments
Other investments
Valuation at 1 June 2023
9,942
Valuation at 31 May 2024
9,942
Investments represents the share capital held the subsidiaries.
Vaughan Holdings (Porthcawl) Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
19,216
18,191
7
Creditors: amounts falling due within one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advances made by directors
18,191
1,025
-
19,216
The balance represents an interest free loan that is repayable to the company upon demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).