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REGISTERED NUMBER: 04527701 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

VILLAGE GREEN (UK) LIMITED

VILLAGE GREEN (UK) LIMITED (REGISTERED NUMBER: 04527701)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VILLAGE GREEN (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mrs J P Bennett
A B Bennett
D Bennett





REGISTERED OFFICE: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 04527701 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

VILLAGE GREEN (UK) LIMITED (REGISTERED NUMBER: 04527701)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,130 20,356
Investments 5 10 -
Investment property 6 25,915,000 21,740,000
25,939,140 21,760,356

CURRENT ASSETS
Debtors 7 1,810,597 3,055,294
Cash at bank 52,040 96,751
1,862,637 3,152,045
CREDITORS
Amounts falling due within one year 8 2,434,895 2,384,633
NET CURRENT (LIABILITIES)/ASSETS (572,258 ) 767,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,366,882

22,527,768

CREDITORS
Amounts falling due after more than one
year

9

(14,544,723

)

(12,418,880

)

PROVISIONS FOR LIABILITIES (2,683,718 ) (2,414,265 )
NET ASSETS 8,138,441 7,694,623

CAPITAL AND RESERVES
Called up share capital 110 110
Share premium 219,080 219,080
Fair value reserve 11 7,000,789 6,938,849
Retained earnings 918,462 536,584
SHAREHOLDERS' FUNDS 8,138,441 7,694,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 (UK) LIMITED (REGISTERED NUMBER: 04527701)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


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 Board of Directors and authorised for issue on 27th June 2025 and were signed on its behalf by:





A B Bennett - Director


VILLAGE GREEN (UK) LIMITED (REGISTERED NUMBER: 04527701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Village Green (UK) 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.

Significant judgements and estimates
The investment property were valued on an open market basis by the directors.

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 net rents received during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss 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.


VILLAGE GREEN (UK) LIMITED (REGISTERED NUMBER: 04527701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. 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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st October 2023 25,834 3,986 8,650 38,470
Additions 13,355 - - 13,355
At 30th September 2024 39,189 3,986 8,650 51,825
DEPRECIATION
At 1st October 2023 7,266 3,928 6,920 18,114
Charge for year 7,837 14 1,730 9,581
At 30th September 2024 15,103 3,942 8,650 27,695
NET BOOK VALUE
At 30th September 2024 24,086 44 - 24,130
At 30th September 2023 18,568 58 1,730 20,356

VILLAGE GREEN (UK) LIMITED (REGISTERED NUMBER: 04527701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
Additions 10
At 30th September 2024 10
NET BOOK VALUE
At 30th September 2024 10

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023 21,740,000
Additions 3,897,653
Disposals (75,000 )
Revaluations 352,347
At 30th September 2024 25,915,000
NET BOOK VALUE
At 30th September 2024 25,915,000
At 30th September 2023 21,740,000

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2024 9,684,507
Cost 16,230,493
25,915,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 16,230,493 12,386,886

Investment properties were valued on an open market basis on 30th September 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,857 1,648
Amounts owed by group undertakings 754,259 2,099,624
Other debtors 1,054,481 954,022
1,810,597 3,055,294

VILLAGE GREEN (UK) LIMITED (REGISTERED NUMBER: 04527701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 185,643 159,748
Taxation and social security 22,474 22,211
Other creditors 2,226,778 2,202,674
2,434,895 2,384,633

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,544,723 12,418,880

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,817,891 11,790,072

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 14,730,366 12,578,628

11. RESERVES
Fair
value
reserve
£   
At 1st October 2023 6,938,849
Revaluations in the year 331,393
Deferred tax (269,453 )

At 30th September 2024 7,000,789