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Registered number: 01011551
Village Pharmacy (NW3) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Daniel Wolfson & Co Ltd
382 Dns House Kenton Road
Harrow
Greater London
HA3 8DP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01011551
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,090 2,786
Investment Properties 5 2,179,420 2,179,420
2,181,510 2,182,206
CURRENT ASSETS
Debtors 6 62,842 131,912
Cash at bank and in hand 480,269 280,075
543,111 411,987
Creditors: Amounts Falling Due Within One Year 7 (219,143 ) (194,304 )
NET CURRENT ASSETS (LIABILITIES) 323,968 217,683
TOTAL ASSETS LESS CURRENT LIABILITIES 2,505,478 2,399,889
Creditors: Amounts Falling Due After More Than One Year 8 (765,000 ) (765,000 )
NET ASSETS 1,740,478 1,634,889
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,740,378 1,634,789
SHAREHOLDERS' FUNDS 1,740,478 1,634,889
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J I Bowen
Director
Mr J Bowen
Director
27/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Village Pharmacy (NW3) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01011551 . The registered office is Garden Flat 21a Buckland Crescent, Hampstead, London, NW3 5DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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. The financial statements have been prepared under the historical cost convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 
Fixtures & Fittings 25% on reducing balance
Computer Equipment Straight line over 3 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 24,296 1,047 25,343
Disposals - (1,047 ) (1,047 )
As at 31 May 2024 24,296 - 24,296
Depreciation
As at 1 June 2023 21,510 1,047 22,557
Provided during the period 696 - 696
Disposals - (1,047 ) (1,047 )
As at 31 May 2024 22,206 - 22,206
Net Book Value
As at 31 May 2024 2,090 - 2,090
As at 1 June 2023 2,786 - 2,786
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 2,179,420
The properties have been valued at the balance sheet date by the directors, who believe their carrying values to be their fair
value. There have been no valuations by independent valuers.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 58,600 72,300
Other debtors - 6,228
VAT 4,242 53,384
62,842 131,912
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Tax 33,219 23,316
Social security and other tax 10,276 22,766
Other creditors 65,189 20,541
Accruals and deferred income 13,500 26,950
Directors' loan accounts 96,959 100,731
219,143 194,304
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 765,000 765,000
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Ultimate Controlling Party
The directors are the ultimate controlling parties by virtue of their combined, majority shareholding, voting rights and day to day control.
Page 4