10212342falsethe development and rental of properties2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/cd:Director12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-07-012024-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FRS1022023-07-012024-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-07-012024-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10212342

Virtue Property UK Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
L A Morgan
Top Floor
42 High Street
Portishead
Bristol
BS20 6EL

Virtue Property UK Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Patrick Hughes
REGISTERED OFFICE
139 High Street
Portishead
Bristol
BS20 6PY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10212342
ACCOUNTANTS
L A Morgan
Top Floor
42 High Street
Portishead
Bristol
BS20 6EL

Virtue Property UK Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Virtue Property UK Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets22,944,3212,620,000
CURRENT ASSETS
Debtors421,23716,131
Cash at bank and in hand4,1475,182
25,38421,313
CREDITORS: Amounts falling due within one year5436,839269,013
NET CURRENT LIABILITIES(411,455)(247,700)
TOTAL ASSETS LESS CURRENT LIABILITIES2,532,8662,372,300
CREDITORS: Amounts falling due after more than one year62,155,5352,060,956
PROVISIONS FOR LIABILITIES AND CHARGES8116,60295,352
NET ASSETS260,729215,992
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account260,629215,892
SHAREHOLDERS' FUNDS260,729215,992
For the year ending 30/06/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/03/2025 and signed on their behalf by
.............................
Patrick Hughes
Director

Virtue Property UK Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. TANGIBLE FIXED ASSETS
Cost
At 30/06/2024
Depreciation
At 30/06/2024
Net Book Amounts
At 30/06/2024
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/07/20232,620,0002,620,000
Additions239,321239,321
Revaluation85,00085,000
At 30/06/20242,944,3212,944,321
The properties have been shown at their fair values and the increase has been taken to the profit and loss account.

Virtue Property UK Limited

4. DEBTORS 20242023
££
Amounts falling due within one year
UK corporation tax2,0132,013
Other debtors7,64014,118
Prepayments11,584-
21,23716,131
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
PAYE control1,9524,497
Directors current account113,609115,949
Loans14,70819,684
Trade creditors108,922-
Other creditors194,16319,997
Accruals3,485108,886
436,839269,013
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr2,155,5352,060,956
2,155,5352,060,956
Mortgages are secured on the properties held by the Company.
7. EMPLOYEES
20242023
No.No.
Average number of employees12

Virtue Property UK Limited

8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation116,60295,352
116,60295,352
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 of £1 each100100
100100
10. RELATED PARTY TRANSACTIONS
The director has reduced his loan from £115,949 to £113,609. It is interest free and has no fixed repayment terms.