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REGISTERED NUMBER: 03616992 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

VILLAGE GREEN PROPERTIES LIMITED

VILLAGE GREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03616992)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VILLAGE GREEN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: M. A. Wise
Mrs S. Wise





SECRETARY: Mrs S. Wise





REGISTERED OFFICE: 15a Station Road
Epping
Essex
CM16 4HG





REGISTERED NUMBER: 03616992 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
Chartered Accountants
15a Station Road
Epping
Essex
CM16 4HG

VILLAGE GREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03616992)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 32,001 1
Investment property 5 1,502,667 1,556,667
1,534,668 1,556,668

CURRENT ASSETS
Debtors 1,262 3,173
Cash at bank 129,006 188,502
130,268 191,675
CREDITORS
Amounts falling due within one year (154,789 ) (217,890 )
NET CURRENT LIABILITIES (24,521 ) (26,215 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,510,147

1,530,453

CREDITORS
Amounts falling due after more than one
year

(379,147

)

(384,418

)
NET ASSETS 1,131,000 1,146,035

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 786,783 830,783
Retained earnings 344,117 315,152
1,131,000 1,146,035

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

VILLAGE GREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03616992)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22nd May 2025 and were signed on its behalf by:




M. A. Wise - Director



Mrs S. Wise - Director


VILLAGE GREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03616992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Village Green Properties Limited 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.

Turnover represents rental income receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

VILLAGE GREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03616992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2023 8,441
Additions 40,000
At 31st October 2024 48,441
DEPRECIATION
At 1st November 2023 8,440
Charge for year 8,000
At 31st October 2024 16,440
NET BOOK VALUE
At 31st October 2024 32,001
At 31st October 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 1,556,667
Disposals (81,000 )
Revaluations 27,000
At 31st October 2024 1,502,667
NET BOOK VALUE
At 31st October 2024 1,502,667
At 31st October 2023 1,556,667

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2019 515,862
Valuation in 2020 71,500
Valuation in 2022 288,087
Valuation in 2023 (44,666 )
Valuation in 2024 (44,000 )
Cost 715,884
1,502,667

VILLAGE GREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03616992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

6. RESERVES
Revaluation
reserve
£   
At 1st November 2023 830,783
Disposal of property (71,000 )
Revaluation of property 27,000

At 31st October 2024 786,783