Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22023-09-012falseThe Company's principal activity is letting and operating of real estate.falsetruefalse 06980152 2023-09-01 2024-05-31 06980152 2022-06-01 2023-08-31 06980152 2024-05-31 06980152 2023-08-31 06980152 c:Director1 2023-09-01 2024-05-31 06980152 c:Director2 2023-09-01 2024-05-31 06980152 d:FreeholdInvestmentProperty 2023-09-01 2024-05-31 06980152 d:FreeholdInvestmentProperty 2024-05-31 06980152 d:CurrentFinancialInstruments 2024-05-31 06980152 d:CurrentFinancialInstruments 2023-08-31 06980152 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06980152 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 06980152 d:ShareCapital 2024-05-31 06980152 d:ShareCapital 2023-08-31 06980152 c:FRS102 2023-09-01 2024-05-31 06980152 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-05-31 06980152 c:FullAccounts 2023-09-01 2024-05-31 06980152 c:PrivateLimitedCompanyLtd 2023-09-01 2024-05-31 06980152 e:PoundSterling 2023-09-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 06980152


VINCENTS (READING) LIMTIED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE 9 MONTHS ENDED 31 MAY 2024

 
VINCENTS (READING) LIMTIED
REGISTERED NUMBER: 06980152

BALANCE SHEET
AS AT 31 MAY 2024

31 May
31 August
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
387,650
-

  
387,650
-

Current assets
  

Debtors: amounts falling due within one year
 5 
-
100

  
-
100

Creditors: amounts falling due within one year
 6 
(387,550)
-

Net current (liabilities)/assets
  
 
 
(387,550)
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


Page 1

 
VINCENTS (READING) LIMTIED
REGISTERED NUMBER: 06980152
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the 9 months in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr Peter Holgate
................................................
Mrs Marie Holgate
Director
Director


Date: 28 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
VINCENTS (READING) LIMTIED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 MAY 2024

1.


General information

Vincents (Reading) Limited is a limited liability company registered in England and Wales. The registered office is 8 King Edward Street, Oxford, OX1 4HL.
The trading address is 9 Trafford Road, Reading, Berkshire, RG1 8JP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Investment property

Investment property is 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. Changes in fair value are recognised in profit or loss.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the 9 months was as follows:


   9 months ended
        31 May
   12 months ended
       31 August
        2024
        2023
            No.
            No.







Directors
2
2

Page 3

 
VINCENTS (READING) LIMTIED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 MAY 2024

4.


Investment property





Freehold investment property

£



Valuation


Additions at cost
387,650



At 31 May 2024
387,650

The Company acquired the freehold investment property on 24 May 2024. The Directors have assessed the fair value of the property and concluded that there has been no material change between the date of acquisition and the balance sheet date.





5.


Debtors

31 May
31 August
2024
2023
£
£


Other debtors
-
100

-
100



6.


Creditors: Amounts falling due within one year

31 May
31 August
2024
2023
£
£

Amounts owed to parent company
387,550
-

387,550
-



7.


Related party transactions

The company has taken advantage of the exemption under Section 33.1A of FRS 102 and has not disclosed transactions with wholly-owned members of the group.

Page 4

 
VINCENTS (READING) LIMTIED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 MAY 2024

8.


Controlling party

During the period under review, the Company's entire share capital was acquired by Fallen Holdings Limited, a Company registered in England and Wales (Company no: 15517491).

Page 5