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REGISTERED NUMBER: 11470359 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

VRH INVESTMENTS LIMITED

VRH INVESTMENTS LIMITED (REGISTERED NUMBER: 11470359)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VRH INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Ms V L Harding
Mr R C Harding





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 11470359 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

VRH INVESTMENTS LIMITED (REGISTERED NUMBER: 11470359)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,236 18,981
Investments 5 301 300
Investment property 6 39,962,729 46,915,664
39,977,266 46,934,945

CURRENT ASSETS
Debtors 6,809,821 4,776,621
Cash at bank and in hand 35,443 4,160
6,845,264 4,780,781
CREDITORS
Amounts falling due within one year 3,712,179 3,108,415
NET CURRENT ASSETS 3,133,085 1,672,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,110,351

48,607,311

CREDITORS
Amounts falling due after more than one
year

7

(12,243,654

)

(18,427,187

)

PROVISIONS FOR LIABILITIES (215,368 ) (215,368 )
NET ASSETS 30,651,329 29,964,756

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 28,904,008 28,904,008
Fair value reserve 646,103 670,911
Retained earnings 1,091,218 379,837
SHAREHOLDERS' FUNDS 30,651,329 29,964,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

VRH INVESTMENTS LIMITED (REGISTERED NUMBER: 11470359)

ABRIDGED BALANCE SHEET - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 April 2025 and were signed on its behalf by:





Ms V L Harding - Director


VRH INVESTMENTS LIMITED (REGISTERED NUMBER: 11470359)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

VRH Investments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Turnover
Turnover comprises rental and service charge income, excluding Value Added Tax, which is recognised in the period which it is earned. Amounts invoiced in excess of the amounts earned during the period are recognised as deferred income in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation
Taxation for the year 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 year 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.

VRH INVESTMENTS LIMITED (REGISTERED NUMBER: 11470359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 53,000
DEPRECIATION
At 1 May 2023 34,019
Charge for year 4,745
At 30 April 2024 38,764
NET BOOK VALUE
At 30 April 2024 14,236
At 30 April 2023 18,981

VRH INVESTMENTS LIMITED (REGISTERED NUMBER: 11470359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 May 2023
and 30 April 2024 51,000
DEPRECIATION
At 1 May 2023 33,519
Charge for year 4,370
At 30 April 2024 37,889
NET BOOK VALUE
At 30 April 2024 13,111
At 30 April 2023 17,481

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023 300
Additions 1
At 30 April 2024 301
NET BOOK VALUE
At 30 April 2024 301
At 30 April 2023 300

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 46,915,664
Additions 25,625
Disposals (6,978,560 )
At 30 April 2024 39,962,729
NET BOOK VALUE
At 30 April 2024 39,962,729
At 30 April 2023 46,915,664

Investment property was valued on an open market basis on 30 April 2024 by the directors. Investment property includes properties which were under construction at the balance sheet date.

VRH INVESTMENTS LIMITED (REGISTERED NUMBER: 11470359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans 12,231,219 18,404,800

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 12,231,219 18,404,800

Bank loans are secured by way of a fixed and floating charge over the properties and assets held by the company.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £3,160,237 (2023: £2,942,311) to the directors.

At the balance sheet date, the company owed £89,015 (2023: £62,615) to VRMG Holdings Ltd and £42,876 (2022: 28,664) to VRMG Gunnersbury Ltd. The company was also owed £1,684,485 (2023: £474,944) by M&G Property Management Ltd. The aforementioned companies are connected by virtue of common control.

Also at the balance sheet date, the company was owed £65,021 (2023: £79,695) by GLH Investments Ltd, a company controlled by a close family member of the majority shareholders and directors of VRH Investments Ltd.

During the year, the company received rents of £1,409,855 (2023: £1,244,750) from M&G Property Management Ltd.