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COMPANY REGISTRATION NUMBER: 05509982
Vinecall Investments Limited
Filleted Unaudited Financial Statements
30 September 2024
Vinecall Investments Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
582,599
582,736
Current assets
Debtors
6
89,538
398
Cash at bank and in hand
91
1,403
--------
-------
89,629
1,801
Creditors: amounts falling due within one year
7
183,675
97,816
---------
--------
Net current liabilities
94,046
96,015
---------
---------
Total assets less current liabilities
488,553
486,721
Creditors: amounts falling due after more than one year
8
272,350
272,350
Provisions
Taxation including deferred tax
11,367
11,367
---------
---------
Net assets
204,836
203,004
---------
---------
Vinecall Investments Limited
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Revaluation reserve
171,833
171,833
Profit and loss account
32,903
31,071
---------
---------
Shareholder funds
204,836
203,004
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Mr S Thorley
Director
Company registration number: 05509982
Vinecall Investments Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 The Villas, Stoke on Trent, Staffs, ST4 5AQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The company's turnover is rental income from properties held as investments.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% reducing balance
Fixtures & Fillings
-
15% reducing balance
Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 October 2023 and 30 September 2024
582,137
850
167
583,154
---------
----
----
---------
Depreciation
At 1 October 2023
372
46
418
Charge for the year
119
18
137
---------
----
----
---------
At 30 September 2024
491
64
555
---------
----
----
---------
Carrying amount
At 30 September 2024
582,137
359
103
582,599
---------
----
----
---------
At 30 September 2023
582,137
478
121
582,736
---------
----
----
---------
The valuation of investment properties was carried out by the director. The valuation was made on on a fair value basis. The last valuation being carried out at 30th September 2023.
All the company's tangible fixed assets are held for operating lease purposes.
6. Debtors
2024
2023
£
£
Other debtors
89,538
398
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
431
321
Other creditors
183,244
97,495
---------
--------
183,675
97,816
---------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
272,350
272,350
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £272,350 (2023: £(272,350)) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
The interest rates on the loans are in the range 3.86% to 4.00
9. Charges on assets
Borrowing on land and buildings ate secured by mortgages. The amount outstanding a the year ended is £272,350
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr S Thorley
( 4,387)
95,195
( 1,738)
89,070
-------
--------
-------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr S Thorley
( 2,350)
( 2,037)
( 4,387)
-------
----
-------
-------
11. Related party transactions
The company was under the control of Mr S W Thorley throughout the current period. The director overdrawn loan account is interest free and repayable on demand Vinecall Investments Ltd owes Cityhigher Ltd £181,644 at the year end. Mr S W Thorley is a director and shareholder of Cityhigher Ltd. No Interest is charged on this debt.