VB PROPERTIES & LETTINGS LIMITED


Directors	BARRETT, Vicki Maria
	BARRETT, William Henry


Registered Address	The Old Granary
	Dunton Road
	Laindon
	SS15 4DB


Registered Number	09907904 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		9,075,000		5,850,000
			9,075,000		5,850,000
Current assets
Cash at bank and on hand		126,700		102,555
		126,700		102,555
Creditors amounts falling due within one year	4	(122,909)		(106,036)
Net current assets (liabilities)			3,791		(3,481)
Total assets less current liabilities			9,078,791		5,846,519
Creditors amounts falling due after one year	5		(5,745,481)		(3,989,604)
Net assets			3,333,310		1,856,915
Capital and reserves
Called up share capital			100		100
Profit and loss account			3,333,210		1,856,815
Shareholders' funds			3,333,310		1,856,915

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 26 May 2025, and are signed on its behalf by:

BARRETT, Vicki Maria
Director
Registered Company No. 09907904

VB PROPERTIES & LETTINGS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	5,850,000
	Additions	1,831,400
	Revaluations	1,533,600
	Disposals	(140,000)
	At 31 December 24	9,075,000
	Net book value
	At 31 December 24	9,075,000
	At 31 December 23	5,850,000

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Bank borrowings and overdrafts	122,909	58,036
Other creditors	-	48,000
Total	122,909	106,036


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,845,521	3,066,770
Other creditors	899,960	922,834
Total	5,745,481	3,989,604


	Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.