Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31truefalse1false2023-06-01LettingThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC770016 2023-05-31 SC770016 2023-06-01 2024-05-31 SC770016 2022-06-01 2023-05-31 SC770016 2024-05-31 SC770016 c:Director1 2023-06-01 2024-05-31 SC770016 c:RegisteredOffice 2023-06-01 2024-05-31 SC770016 d:CurrentFinancialInstruments 2024-05-31 SC770016 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC770016 d:ShareCapital 2024-05-31 SC770016 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC770016 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC770016 c:OrdinaryShareClass1 2024-05-31 SC770016 c:FRS102 2023-06-01 2024-05-31 SC770016 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC770016 c:FullAccounts 2023-06-01 2024-05-31 SC770016 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC770016 6 2023-06-01 2024-05-31 SC770016 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC770016










V1 PROPERTIES GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
V1 PROPERTIES GROUP LIMITED
 

COMPANY INFORMATION


Director
Raymond Woll 




Registered number
SC770016



Registered office
Unit 14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
V1 PROPERTIES GROUP LIMITED
REGISTERED NUMBER: SC770016

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
£

Fixed assets
  

Investments
  
100

  
100

Current assets
  

Cash at bank and in hand
  
95,410

  
95,410

Creditors: amounts falling due within one year
  
(17,881)

Net current assets
  
 
 
77,529

Total assets less current liabilities
  
77,629

  

Net assets
  
77,629


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
77,529

  
77,629


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2025.




Raymond Woll
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
V1 PROPERTIES GROUP LIMITED
 

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

1.


General information

V1 Properties Group Limited is a limited company, incorporated in Scotland with the registration number SC770016. The registered office is 14 City Quay, Dundee, DD1 3JA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 2

 
V1 PROPERTIES GROUP LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2024
            No.






Director
1


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
100



At 31 May 2024
100





5.


Creditors: Amounts falling due within one year

2024
£

Other creditors
16,081

Accruals and deferred income
1,800

17,881


Page 3

 
V1 PROPERTIES GROUP LIMITED
 

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

6.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary Shares shares of £1.00 each
100


The company was incorporated on 19 May 2023 with 100 ordinary £1 shares which were issued at par value.


Page 4