IRIS Accounts Production v25.1.3.33 13319426 director 1.5.24 30.4.25 30.4.25 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133194262024-04-30133194262025-04-30133194262024-05-012025-04-30133194262023-04-30133194262023-05-012024-04-30133194262024-04-3013319426ns15:EnglandWales2024-05-012025-04-3013319426ns14:PoundSterling2024-05-012025-04-3013319426ns10:Director12024-05-012025-04-3013319426ns10:PrivateLimitedCompanyLtd2024-05-012025-04-3013319426ns10:SmallEntities2024-05-012025-04-3013319426ns10:AuditExemptWithAccountantsReport2024-05-012025-04-3013319426ns10:SmallCompaniesRegimeForDirectorsReport2024-05-012025-04-3013319426ns10:SmallCompaniesRegimeForAccounts2024-05-012025-04-3013319426ns10:FullAccounts2024-05-012025-04-3013319426ns10:RegisteredOffice2024-05-012025-04-3013319426ns5:CurrentFinancialInstruments2025-04-3013319426ns5:CurrentFinancialInstruments2024-04-3013319426ns5:ShareCapital2025-04-3013319426ns5:ShareCapital2024-04-3013319426ns5:RevaluationReserve2025-04-3013319426ns5:RevaluationReserve2024-04-3013319426ns5:WithinOneYearns5:CurrentFinancialInstruments2025-04-3013319426ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3013319426ns5:RetainedEarningsAccumulatedLosses2024-04-3013319426ns5:RevaluationReserve2024-04-3013319426ns5:RetainedEarningsAccumulatedLosses2024-05-012025-04-3013319426ns5:RetainedEarningsAccumulatedLosses2025-04-30
REGISTERED NUMBER: 13319426 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

VIDAN PROPERTIES LTD

VIDAN PROPERTIES LTD (REGISTERED NUMBER: 13319426)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

VIDAN PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTOR: P Brand





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 13319426 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

VIDAN PROPERTIES LTD (REGISTERED NUMBER: 13319426)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 4 575,000 575,000

CURRENT ASSETS
Debtors 5 146 168
Cash at bank and in hand 47,345 24,807
47,491 24,975
CREDITORS
Amounts falling due within one year 6 532,305 531,619
NET CURRENT LIABILITIES (484,814 ) (506,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,186

68,356

PROVISIONS FOR LIABILITIES 4,369 4,369
NET ASSETS 85,817 63,987

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 7 18,628 18,628
Retained earnings 7 67,089 45,259
85,817 63,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VIDAN PROPERTIES LTD (REGISTERED NUMBER: 13319426)

BALANCE SHEET - continued
30 APRIL 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2025 and were signed by:





P Brand - Director


VIDAN PROPERTIES LTD (REGISTERED NUMBER: 13319426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025


1. STATUTORY INFORMATION

Vidan Properties 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 represents rental income receivable during the period.

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.

In accordance with the provisions of FRS 102 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The directors are of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

VIDAN PROPERTIES LTD (REGISTERED NUMBER: 13319426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2024
and 30 April 2025 575,000
NET BOOK VALUE
At 30 April 2025 575,000
At 30 April 2024 575,000

Fair value at 30 April 2025 is represented by:
£   
Valuation in 2024 22,997
Cost 552,003
575,000

The investment properties have been valued on an open market basis on 30th April 2025 by the director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 146 168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 5,320 4,665
Other creditors 526,985 526,954
532,305 531,619

VIDAN PROPERTIES LTD (REGISTERED NUMBER: 13319426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


7. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 May 2024 45,259 18,628 63,887
Profit for the year 21,830 21,830
At 30 April 2025 67,089 18,628 85,717

The other reserves represents non distributable gains made by the company on the revaluation of investment properties.

8. RELATED PARTY DISCLOSURES

Coverworld Construction Ltd

A company under common control.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to Coverworld Construction Ltd at the balance sheet date was £525,000 (2024 - £525,000).

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VIDAN PROPERTIES LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vidan Properties Ltd for the year ended 30 April 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Vidan Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vidan Properties Ltd and state those matters that we have agreed to state to the director of Vidan Properties Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vidan Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Vidan Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vidan Properties Ltd. You consider that Vidan Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vidan Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


5 June 2025