VINELAND ASSOCIATES LTD

Company Registration Number:
SC403170 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

VINELAND ASSOCIATES LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

VINELAND ASSOCIATES LTD

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

Property Investment



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

David Godfrey
Valerie Godfrey


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 May 2025

And signed on behalf of the board by:
Name: David Godfrey
Status: Director

VINELAND ASSOCIATES LTD

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 72,820 72,820
Total fixed assets: 72,820 72,820
Current assets
Debtors: 4 578 629
Cash at bank and in hand: 51,163 46,423
Total current assets: 51,741 47,052
Creditors: amounts falling due within one year: 5 ( 85,973 ) ( 85,384 )
Net current assets (liabilities): (34,232) (38,332)
Total assets less current liabilities: 38,588 34,488
Total net assets (liabilities): 38,588 34,488
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 37,588 33,488
Total Shareholders' funds: 38,588 34,488

The notes form part of these financial statements

VINELAND ASSOCIATES LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 15 May 2025
and signed on behalf of the board by:

Name: David Godfrey
Status: Director

The notes form part of these financial statements

VINELAND ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied.

    Other accounting policies

    Corporation 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 Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 Investment properties Investment property which is property held to earn rentals and/or for capital appreciation, is initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognized in the profit and loss account.

VINELAND ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

VINELAND ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Fixed assets investments note

Investment properties comprises of residential property available for rent. The fair value of the Investment Property has been arrived at on the basis of an internal valuation at the year-end undertaken by the Directors and based on the current market value of similar assets in the area. The Directors deem that the fair value of the assets are £72,820 If Investment Properties were stated at historical cost rather than fair value basis, the amounts would have been included at £72,820

VINELAND ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 578 629
Total 578 629

VINELAND ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 962 1,245
Accruals and deferred income 480 480
Other creditors 84,531 83,659
Total 85,973 85,384