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Registered Number: 13932482
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 28 February 2025

for

VIT PROPERTY DEVELOPMENT LTD

 
 
 
£
2025
£
   
£
2024
£
Fixed assets 401,036  401,036 
Current assets 4,541  214 
Creditors: amount falling due within one year (241,639) (253,323)
Net current assets/(liabilities) (237,098) (253,109)
Total assets less current liabilities 163,938  147,927 
Creditors: amount falling due after more than one year (183,972) (171,257)
Net assets/(liabilities) (20,034) (23,330)
 
Capital and reserves (20,034) (23,330)
 
  1. For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Vasil Iliev Gulev
Director

Date approved: 15 May 2025
1
Statutory Information
VIT PROPERTY DEVELOPMENT LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 13932482, registration address 37 Lessington Avenue, Romford, RM7 9ED, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average number of employees during the year was 0 (2024: 2).
2