Company Registration No. 15106213 (England and Wales)
Vernon James Property Ltd
Unaudited financial statements
for the period from 30 August 2023 to 31 August 2024
Vernon James Property Ltd
Unaudited financial statements
Contents
Vernon James Property Ltd
Company Information
for the period from 30 August 2023 to 31 August 2024
Directors
George Allen
James Kavanagh
Company Number
15106213 (England and Wales)
Registered Office
19 Ella Road
Norwich
NR1 4BP
England
Accountants
Taxsure
Cavell House
Stannard Place
St Crispins Road
Norwich
NR3 1YE
Vernon James Property Ltd
Statement of financial position
as at 31 August 2024
Investment property
239,664
Cash at bank and in hand
1,767
Creditors: amounts falling due within one year
(89,895)
Net current liabilities
(86,528)
Total assets less current liabilities
153,136
Creditors: amounts falling due after more than one year
(162,941)
Profit and loss account
(9,807)
Shareholders' funds
(9,805)
For the period ending 31 August 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2025 and were signed on its behalf by
George Allen
Director
Company Registration No. 15106213
Vernon James Property Ltd
Notes to the Accounts
for the period from 30 August 2023 to 31 August 2024
Vernon James Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 15106213. The registered office is 19 Ella Road, Norwich, NR1 4BP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 30 August 2023 to 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 30 August 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
9,534
Loans from directors
79,505
7
Creditors: amounts falling due after more than one year
2024
Vernon James Property Ltd
Notes to the Accounts
for the period from 30 August 2023 to 31 August 2024
8
Average number of employees
During the period the average number of employees was 0.