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REGISTERED NUMBER: 10578882 (England and Wales)







Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

Vina Property Ltd

Vina Property Ltd (Registered number: 10578882)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vina Property Ltd

Company Information
for the Period 1 July 2023 to 31 March 2024







DIRECTOR: Mrs V Panchal





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 10578882 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Vina Property Ltd (Registered number: 10578882)

Balance Sheet
31 March 2024

31.3.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,896 78,334
Investment property 5 1,048,436 635,715
1,155,332 714,049

CURRENT ASSETS
Debtors 6 45,071 65,324
Cash at bank 70,145 77,191
115,216 142,515
CREDITORS
Amounts falling due within one year 7 488,866 304,552
NET CURRENT LIABILITIES (373,650 ) (162,037 )
TOTAL ASSETS LESS CURRENT LIABILITIES 781,682 552,012

CREDITORS
Amounts falling due after more than one year 8 (837,283 ) (532,008 )

PROVISIONS FOR LIABILITIES - (34,235 )
NET LIABILITIES (55,601 ) (14,231 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 96,055 151,639
Retained earnings 11 (151,657 ) (165,871 )
SHAREHOLDERS' FUNDS (55,601 ) (14,231 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Vina Property Ltd (Registered number: 10578882)

Balance Sheet - continued
31 March 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 director and authorised for issue on 26 March 2025 and were signed by:





Mrs V Panchal - Director


Vina Property Ltd (Registered number: 10578882)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

Vina Property Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the 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 as modified by the revaluation of certain assets.

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 consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

Vina Property Ltd (Registered number: 10578882)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023 54,285 30,555 84,840
Additions 37,374 - 37,374
At 31 March 2024 91,659 30,555 122,214
DEPRECIATION
At 1 July 2023 4,494 2,012 6,506
Charge for period 5,601 3,211 8,812
At 31 March 2024 10,095 5,223 15,318
NET BOOK VALUE
At 31 March 2024 81,564 25,332 106,896
At 30 June 2023 49,791 28,543 78,334

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 635,715
Additions 468,305
Revaluations (55,584 )
At 31 March 2024 1,048,436
NET BOOK VALUE
At 31 March 2024 1,048,436
At 30 June 2023 635,715

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 34,261
Valuation in 2022 82,378
Valuation in 2023 35,000
Valuation in 2024 (55,584 )
Cost 952,381
1,048,436

If the investment property had not been revalued they would have been included at the following historical cost:

31.3.24 30.6.23
£    £   
Cost 952,381 484,076

The investment property were valued on an open market basis on 31 March 2024 by the director .

Vina Property Ltd (Registered number: 10578882)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Other debtors 41,269 41,269
Prepayments 3,802 24,055
45,071 65,324

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Trade creditors 1,466 -
Amounts owed to group undertakings 85,000 -
Other creditors 231,714 136,672
Directors' current accounts 169,241 166,506
Accrued expenses 1,445 1,374
488,866 304,552

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 30.6.23
£    £   
Bank loans more 5 yrs non-inst 837,283 532,008

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 837,283 532,008

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 30.6.23
£    £   
Bank loans 837,283 532,008

The bank loans are secured against the properties owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

Vina Property Ltd (Registered number: 10578882)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 (165,871 ) 151,639 (14,232 )
Deficit for the period (41,370 ) (41,370 )
Assets revalued in period 55,584 (55,584 ) -
At 31 March 2024 (151,657 ) 96,055 (55,602 )