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REGISTERED NUMBER: 11103079 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2025

for

Viribus Homes Limited

Viribus Homes Limited (Registered number: 11103079)

Contents of the Financial Statements
for the Year Ended 5 April 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


Viribus Homes Limited (Registered number: 11103079)

Balance Sheet
5 April 2025

5.4.25 5.4.24
Notes £ £
Fixed assets
Investments 5 300 200
Investment property 6 630,000 415,000
630,300 415,200

Current assets
Debtors 7 43,981 46,481
Cash at bank 10,098 23,964
54,079 70,445
Creditors
Amounts falling due within one year 8 (128,267 ) (133,524 )
Net current liabilities (74,188 ) (63,079 )
Total assets less current liabilities 556,112 352,121

Creditors
Amounts falling due after more than one year 9 (406,198 ) (271,682 )

Provisions for liabilities (14,524 ) (8,611 )
Net assets 135,390 71,828

Capital and reserves
Called up share capital 100 100
Fair value reserve 10 43,571 25,832
Retained earnings 10 91,719 45,896
Shareholders' funds 135,390 71,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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.

Viribus Homes Limited (Registered number: 11103079)

Balance Sheet - continued
5 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2025 and were signed by:





Mr C J Knight - Director


Viribus Homes Limited (Registered number: 11103079)

Notes to the Financial Statements
for the Year Ended 5 April 2025


1. Statutory information

Viribus Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11103079

Registered office: 22-26 King Street
Kings Lynn
Norfolk
PE30 1HJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Viribus Homes Limited (Registered number: 11103079)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


Viribus Homes Limited (Registered number: 11103079)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025


3. Accounting policies - continued
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.

4. Employees and directors

The average number of employees during the year was 2 (2024 - 1 ) .

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 6 April 2024 200
Additions 100
At 5 April 2025 300
Net book value
At 5 April 2025 300
At 5 April 2024 200

6. Investment property
Total
£
Fair value
At 6 April 2024 415,000
Additions 191,348
Revaluations 23,652
At 5 April 2025 630,000
Net book value
At 5 April 2025 630,000
At 5 April 2024 415,000

Viribus Homes Limited (Registered number: 11103079)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025


6. Investment property - continued

Fair value at 5 April 2025 is represented by:
£
Valuation in 2021 8,029
Valuation in 2022 20,000
Valuation in 2024 6,414
Valuation in 2025 23,652
Cost 571,905
630,000

7. Debtors: amounts falling due within one year
5.4.25 5.4.24
£ £
Amounts owed by group undertakings 43,029 46,151
Other debtors 952 330
43,981 46,481

8. Creditors: amounts falling due within one year
5.4.25 5.4.24
£ £
Bank loans and overdrafts 7,170 5,387
Amounts owed to group undertakings 23,193 29,825
Taxation and social security 3,000 1,575
Other creditors 94,904 96,737
128,267 133,524

9. Creditors: amounts falling due after more than one year
5.4.25 5.4.24
£ £
Bank loans 406,198 271,682

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 198,623 198,085

Repayable by instalments
Bank loans more 5 yr by instal 195,972 65,866

Viribus Homes Limited (Registered number: 11103079)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025


10. Reserves
Retained Fair value
earnings reserve Totals
£ £ £

At 6 April 2024 45,896 25,832 71,728
Profit for the year 70,323 70,323
Dividends (24,500 ) (24,500 )
Revaluation - 17,739 17,739
At 5 April 2025 91,719 43,571 135,290

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

11. Director's advances, credits and guarantees

Loans to purchase a new investment property are supported by a personal guarantee from the company director.