V10 GRS Ltd Filleted Accounts Cover |
Company No. 08527831 | |||||||||
V10 GRS Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Investment property | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current liabilities | ( | ( | ||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 7 | ( | ( | |||||||
Provisions for liabilities | ||||||||||
Deferred taxation | 8 | ( | ( | |||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Revaluation reserve | 9 | |||||||||
Profit and loss account | 9 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 31 May 2024 | ||||||||||
And signed on its behalf by: | ||||||||||
O. Smith | ||||||||||
Director | ||||||||||
31 May 2024 |
V10 GRS Ltd Notes to the Accounts Registrar |
for the year ended 31 May 2024 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 08527831 | ||||||||||||||
Its registered office is: | ||||||||||||||
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below. | ||||||||||||||
2 | Accounting policies |
Turnover | ||||||||||||||
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. | ||||||||||||||
Freehold investment property | ||||||||||||||
No depreciation is provided in respect of investment properties. | ||||||||||||||
Financial instruments | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Investment property | |||||||||||||
Freehold Investment Property | ||||||||||||||
£ | ||||||||||||||
Valuation | ||||||||||||||
At 1 June 2023 | ||||||||||||||
Revaluation | ( | |||||||||||||
At 31 May 2024 | ||||||||||||||
5 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Prepayments and accrued income | ||||||||||||||
6 | Creditors amounts falling due within one year: | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Corporation tax | ||||||||||||||
Loans from directors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
7 | Creditors amounts falling due after more than one year: | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
8 | Provisions for liabilities | |||||||||||||
Deferred taxation | ||||||||||||||
Accelerated Capital Allowances, Losses and Other Timing Differences | Total | |||||||||||||
£ | £ | |||||||||||||
At 1 June 2023 | 170,229 | |||||||||||||
Charge to the profit and loss account for the period | (14,648) | ( | ||||||||||||
At 31 May 2024 | 155,581 | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Revaluation of land and buildings | ||||||||||||||
9 | Reserves | |||||||||||||
Revaluation Reserve | Total other reserves | |||||||||||||
£ | £ | |||||||||||||
At 1 June 2022 | ||||||||||||||
Deferred taxation | ( | ( | ||||||||||||
At 31 May 2023 and 1 June 2023 | ||||||||||||||
Movement on revaluation reserve | ( | ( | ||||||||||||
Deferred taxation | ||||||||||||||
At 31 May 2024 | ||||||||||||||
10 | Dividends | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Dividends for the period: | ||||||||||||||
Dividends paid in the period | - | 4,500 | ||||||||||||
4,500 | ||||||||||||||
Dividends by type: | ||||||||||||||
Equity dividends | ||||||||||||||
- | 4,500 | |||||||||||||
11 | Related party disclosures | |||||||||||||
At the balance sheet date £574,336 was owed to the director by the company. | ||||||||||||||
Controlling party | ||||||||||||||
Immediate controlling party | O. Smith controls the company | |||||||||||||