30 August 2023 false No description of principal activity Taxfiler 2024.6 15106213business:PrivateLimitedCompanyLtd2023-08-302024-08-31 151062132023-08-29 151062132023-08-302024-08-31 15106213business:AuditExemptWithAccountantsReport2023-08-302024-08-31 15106213business:FilletedAccounts2023-08-302024-08-31 151062132024-08-31 15106213business:Director12023-08-302024-08-31 15106213business:Director22023-08-302024-08-31 15106213business:RegisteredOffice2023-08-302024-08-31 15106213core:WithinOneYear2024-08-31 15106213core:AfterOneYear2024-08-31 15106213core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 15106213core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 15106213core:PreviouslyStatedAmount2024-08-31 15106213business:SmallEntities2023-08-302024-08-31 15106213countries:EnglandWales2023-08-302024-08-31 iso4217:GBP xbrli:pure
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
Page
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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
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Vernon James Property Ltd Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Fixed assets
Investment property
239,664 
Current assets
Debtors
1,600 
Cash at bank and in hand
1,767 
3,367 
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)
Net liabilities
(9,805)
Capital and reserves
Called up share capital
2 
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
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Vernon James Property Ltd Notes to the Accounts for the period from 30 August 2023 to 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Additions
239,664 
At 31 August 2024
239,664 
5
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
1,600 
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
9,534 
Other creditors
400 
Loans from directors
79,505 
Accruals
456 
89,895 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
162,941 
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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.
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