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REGISTERED NUMBER: 10197577 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Via Properties Investments Ltd

Via Properties Investments Ltd (Registered number: 10197577)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Via Properties Investments Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M N Taj
M T Taj





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 10197577 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Via Properties Investments Ltd (Registered number: 10197577)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 365,673 410,396
Investment property 5 50,548,611 49,048,611
50,914,284 49,459,007

CURRENT ASSETS
Debtors 6 814,479 1,064,706
Cash at bank 437,545 273,940
1,252,024 1,338,646
CREDITORS
Amounts falling due within one year 7 669,765 635,527
NET CURRENT ASSETS 582,259 703,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,496,543

50,162,126

CREDITORS
Amounts falling due after more than one year 8 (17,395,142 ) (16,886,858 )

PROVISIONS FOR LIABILITIES (2,193,009 ) (2,088,818 )
NET ASSETS 31,908,392 31,186,450

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 20,123,242 20,123,242
Fair value reserve 9 9,349,143 8,898,109
Retained earnings 2,436,006 2,165,098
31,908,392 31,186,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Via Properties Investments Ltd (Registered number: 10197577)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





M T Taj - Director


Via Properties Investments Ltd (Registered number: 10197577)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Via Properties Investments Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

Via Properties Investments Ltd (Registered number: 10197577)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 769,009
DEPRECIATION
At 1 June 2023 358,613
Charge for year 44,723
At 31 May 2024 403,336
NET BOOK VALUE
At 31 May 2024 365,673
At 31 May 2023 410,396

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 49,048,611
Additions 943,167
Revaluations 556,833
At 31 May 2024 50,548,611
NET BOOK VALUE
At 31 May 2024 50,548,611
At 31 May 2023 49,048,611

During the year the directors updated the market values of the investment properties.

6. DEBTORS
31/5/24 31/5/23
£    £   
Amounts falling due within one year:
Other debtors - 170,000

Amounts falling due after more than one year:
Other debtors 814,479 894,706

Aggregate amounts 814,479 1,064,706

Via Properties Investments Ltd (Registered number: 10197577)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 10,146 10,146
Taxation and social security 249,998 256,077
Other creditors 409,621 369,304
669,765 635,527

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 12,784,711 12,865,202
Other creditors 4,610,431 4,021,656
17,395,142 16,886,858

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,768,674 12,838,224

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023 8,898,109
Fair value adjustment on
investment properties 451,034

At 31 May 2024 9,349,143

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,000 (2023 - £44,000) were paid to the directors .

Included in creditors falling due after 1 year as at the balance sheet date, is a loan from directors & shareholders totalling £3,391,458 (2023: £3,366,578). The loan is interest free.

Included in creditors falling due after 1 year as at the balance sheet date, is an amount due to Via Properties Developments Ltd totalling £56,462 (2023: £67813).

Included in debtors due after more than 1 year as at the balance sheet date a is loan due from Via Properties Holdings Ltd totalling £814,478 (2023:£1,048,306).

Via Properties Developments Ltd, Via Properties Holdings Ltd and Via Properties Investments Ltd have common directors and shareholders.