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REGISTERED NUMBER: 10582370 (England and Wales)







Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

Vina Property Options Ltd

Vina Property Options Ltd (Registered number: 10582370)






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 3


Vina Property Options Ltd

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







DIRECTORS: Mrs V Panchal
Mr P D Panchal





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





REGISTERED NUMBER: 10582370 (England and Wales)





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

Vina Property Options Ltd (Registered number: 10582370)

Balance Sheet
31 March 2024

31.3.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,800,000 -

CURRENT ASSETS
Stocks - 1,704,519
Debtors 5 245,275 148,330
Cash at bank 63,839 273,452
309,114 2,126,301
CREDITORS
Amounts falling due within one year 6 865,576 791,165
NET CURRENT (LIABILITIES)/ASSETS (556,462 ) 1,335,136
TOTAL ASSETS LESS CURRENT LIABILITIES 1,243,538 1,335,136

CREDITORS
Amounts falling due after more than one year 7 1,305,545 1,415,563
NET LIABILITIES (62,007 ) (80,427 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 48,161 -
Retained earnings 10 (110,169 ) (80,428 )
SHAREHOLDERS' FUNDS (62,007 ) (80,427 )

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 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.

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 26 March 2025 and were signed on its behalf by:



Mrs V Panchal - Director


Vina Property Options Ltd (Registered number: 10582370)

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

1. STATUTORY INFORMATION

Vina Property Options 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.

These accounts have been prepared on the going concern basis which assumes the continued operational existence of the company. The director confirm that she will continue to support the company, It is expected that the deficit in reserves will be corrected shortly and the going concern concept is therefore considered to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 Options Ltd (Registered number: 10582370)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,751,839
Revaluations 48,161
At 31 March 2024 1,800,000
NET BOOK VALUE
At 31 March 2024 1,800,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 48,161
Cost 1,751,839
1,800,000

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

31.3.24 30.6.23
£    £   
Cost 1,751,839 -

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Trade debtors 10,166 -
Amounts owed by group undertakings 231,714 136,672
Other debtors 1,862 1,866
VAT - 9,792
Prepayments 1,533 -
245,275 148,330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Bank loans and overdrafts 5,190 5,248
Other loans 106,125 103,018
Trade creditors 2,162 2,072
VAT 14,829 -
Other creditors 425,200 319,000
Directors' current accounts 310,203 360,052
Accrued expenses 1,867 1,775
865,576 791,165

Vina Property Options Ltd (Registered number: 10582370)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 30.6.23
£    £   
Bank loans - 1-2 years 5,190 5,190
Bank loans - 2-5 years 10,381 10,381
Bank loans more 5 yr by instal 1,126,835 1,130,728
Other loans - 1-2 years 66,182 106,125
Other loans - 2-5 years 96,957 163,139
1,305,545 1,415,563

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,126,835 1,130,728

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 30.6.23
£    £   
Loan 1,112,142 1,112,142

The loan is secured against the property known as 44-46 Coldharbour Road, Bristol, BS6 7NA.

9. CALLED UP SHARE CAPITAL

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

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

At 1 July 2023 (80,428 ) - (80,428 )
Profit for the period 18,420 18,420
Assets revalued in period (48,161 ) 48,161 -
At 31 March 2024 (110,169 ) 48,161 (62,008 )