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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
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Vaughan Holdings (Porthcawl) Ltd Company Information for the year ended 31 May 2024
Director
Philip Vaughan
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
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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
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Vaughan Holdings (Porthcawl) Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
599,517 
599,517 
Investments
9,942 
9,942 
609,459 
609,459 
Current assets
Debtors
19,216 
18,191 
Cash at bank and in hand
3,120 
16,718 
22,336 
34,909 
Creditors: amounts falling due within one year
(600)
(600)
Net current assets
21,736 
34,309 
Net assets
631,195 
643,768 
Capital and reserves
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
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Vaughan Holdings (Porthcawl) Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Investments in shares are included at fair value.
Investment property
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.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
599,517 
At 31 May 2024
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.
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Vaughan Holdings (Porthcawl) Ltd Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
19,216 
18,191 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
600 
600 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan advances made by directors
18,191 
1,025 
- 
19,216 
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).
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