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REGISTERED NUMBER: 03905105 (England and Wales)
















Villaplus Properties Limited

Unaudited Financial Statements

for the Year Ended 31st January 2025






Villaplus Properties Limited (Registered number: 03905105)






Contents of the Financial Statements
for the Year Ended 31st January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Villaplus Properties Limited

Company Information
for the Year Ended 31st January 2025







Director: Mr. S Sharif





Secretary: Mrs. R Sharif





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 03905105 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Villaplus Properties Limited (Registered number: 03905105)

Statement of Financial Position
31st January 2025

2025 2024
Notes £    £    £   
Fixed assets
Investment property 4 585,000 570,000

Current assets
Debtors 5 154,333 239,484
Cash at bank 757 -
155,090 239,484
Creditors
Amounts falling due within one year 6 24,884 27,872
Net current assets 130,206 211,612
Total assets less current liabilities 715,206 781,612

Creditors
Amounts falling due after more than one
year

7

(418,723

)

(418,723

)

Provisions for liabilities (43,399 ) (30,955 )
Net assets 253,084 331,934

Capital and reserves
Called up share capital 100 100
Fair value reserve 218,522 215,966
Retained earnings 34,462 115,868
253,084 331,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Villaplus Properties Limited (Registered number: 03905105)

Statement of Financial Position - continued
31st January 2025


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 director and authorised for issue on 12th May 2025 and were signed by:





Mr. S Sharif - Director


Villaplus Properties Limited (Registered number: 03905105)

Notes to the Financial Statements
for the Year Ended 31st January 2025

1. Statutory information

Villaplus Properties 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.

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.

Turnover
Turnover represents rental income derived from investment properties.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

Villaplus Properties Limited (Registered number: 03905105)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

4. Investment property
Total
£   
Fair value
At 1st February 2024 570,000
Revaluations 15,000
At 31st January 2025 585,000
Net book value
At 31st January 2025 585,000
At 31st January 2024 570,000

Fair value at 31st January 2025 is represented by:
£   
Valuation in 2014 26,922
Valuation in 2015 25,000
Valuation in 2016 20,000
Valuation in 2017 20,000
Valuation in 2018 35,000
Valuation in 2020 25,000
Valuation in 2021 45,000
Valuation in 2022 50,000
Valuation in 2025 15,000
Cost 323,078
585,000

The investment property was valued on a fair value basis on 31st January 2025 by the company's director. .

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 709 85,836
Other debtors 153,624 153,648
154,333 239,484

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts - 2,695
Trade creditors 3,803 1,276
Taxation and social security 931 15,381
Other creditors 20,150 8,520
24,884 27,872

Villaplus Properties Limited (Registered number: 03905105)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

7. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Bank loans 418,723 418,723

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 418,723 418,723

8. Secured debts

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 418,723 418,723

The mortgage loan is secured on the company's investment property to which it relates. The loan has a twenty year term from June 2022 The loan was advanced on an interest only basis. An interest rate of 3.09% has been applied during the year.