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REGISTERED NUMBER: 12270975 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

VIP PROP HIRE LIMITED

VIP PROP HIRE LIMITED (REGISTERED NUMBER: 12270975)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

VIP PROP HIRE LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs K M Murray
Miss L Hall





REGISTERED OFFICE: 8 Heathwood Road
Cardiff
CF14 4JP





REGISTERED NUMBER: 12270975 (England and Wales)






VIP PROP HIRE LIMITED (REGISTERED NUMBER: 12270975)

Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 24,000 24,000
Tangible assets 6 9,039 9,039
33,039 33,039

CURRENT ASSETS
Cash at bank and in hand - 1,203

CREDITORS
Amounts falling due within one year 7 (20,077 ) (17,696 )
NET CURRENT LIABILITIES (20,077 ) (16,493 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,962

16,546

CREDITORS
Amounts falling due after more than
one year

8

(9,059

)

(12,643

)
NET ASSETS 3,903 3,903

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,902 3,902
3,903 3,903

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

VIP PROP HIRE LIMITED (REGISTERED NUMBER: 12270975)

Balance Sheet - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:




Mrs K M Murray - Director



Miss L Hall - Director


VIP PROP HIRE LIMITED (REGISTERED NUMBER: 12270975)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

VIP Prop Hire 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

VIP PROP HIRE LIMITED (REGISTERED NUMBER: 12270975)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 24,000
NET BOOK VALUE
At 31 October 2024 24,000
At 31 October 2023 24,000

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 14,022
DEPRECIATION
At 1 November 2023
and 31 October 2024 4,983
NET BOOK VALUE
At 31 October 2024 9,039
At 31 October 2023 9,039

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,500 2,500
Hire purchase contracts - 1,737
Taxation and social security - 1,453
Other creditors 17,577 12,006
20,077 17,696

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 9,059 9,196
Hire purchase contracts - 3,447
9,059 12,643

VIP PROP HIRE LIMITED (REGISTERED NUMBER: 12270975)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. BANK LOAN

The company has taken advantage of the UK Governments Bounce Back Loan Scheme and was advanced an amount of £12,500. Repayments of this loan started in July 2021 for 60 months. This scheme is underwritten by the UK Government.

10. ULTIMATE CONTROLLING PARTY

During the year under review the Ultimate Controlling Parties were Mrs K. Murray and Miss L. Hall.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
VIP Prop Hire Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VIP Prop Hire Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of VIP Prop Hire Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of VIP Prop Hire Limited and state those matters that we have agreed to state to the Board of Directors of VIP Prop Hire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VIP Prop Hire Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that VIP Prop Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of VIP Prop Hire Limited. You consider that VIP Prop Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of VIP Prop Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








13 February 2025