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COMPANY REGISTRATION NUMBER: 13745598
VCP Nottingham Limited
Filleted Unaudited Financial Statements
30 November 2024
VCP Nottingham Limited
Financial Statements
Year ended 30 November 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
VCP Nottingham Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
240,000
240,000
Current assets
Debtors
5
283
Cash at bank and in hand
3,466
4,194
-------
-------
3,749
4,194
Creditors: amounts falling due within one year
6
7,837
10,275
-------
--------
Net current liabilities
4,088
6,081
---------
---------
Total assets less current liabilities
235,912
233,919
Creditors: amounts falling due after more than one year
7
180,750
200,750
---------
---------
Net assets
55,162
33,169
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
55,160
33,167
--------
--------
Shareholders funds
55,162
33,169
--------
--------
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 income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
VCP Nottingham Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 31 March 2025 , and are signed on behalf of the board by:
Mr JD Buxton
Director
Company registration number: 13745598
VCP Nottingham Limited
Notes to the Financial Statements
Year ended 30 November 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 Private Road No 4, Colwick Industrial Estate, Colwick, Nottingham, NG4 2JT.
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
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Property investment
£
Cost
At 1 December 2023 and 30 November 2024
240,000
---------
Impairment
At 1 December 2023 and 30 November 2024
---------
Carrying amount
At 30 November 2024
240,000
---------
At 30 November 2023
240,000
---------
5. Debtors
2024
2023
£
£
Other debtors
283
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
7,237
9,375
Other creditors
600
900
-------
--------
7,837
10,275
-------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
180,750
200,750
---------
---------
8. Related party transactions
Included in other creditors is a loan from Valley Canoe Products Limited , an associated company. At the year end £ 180,750 (2023 £200,750) was due to Valley Canoe Products Limited. This loan is interest free.