Registered number
11632280
Vaalbank Properties Ltd
Filleted Accounts
31 March 2025
Vaalbank Properties Ltd
Registered number: 11632280
Balance Sheet
as at 31 March 2025
Notes 2025 2023
£ £
Fixed assets
Tangible assets 3 212,000 212,000
Current assets
Debtors 4 275 1,251
Cash at bank and in hand 2,676 169
2,951 1,420
Creditors: amounts falling due within one year 5 (129,772) (122,061)
Net current liabilities (126,821) (120,641)
Total assets less current liabilities 85,179 91,359
Creditors: amounts falling due after more than one year 6 (24,882) (34,603)
Provisions for liabilities (10,062) (10,062)
Net assets 50,235 46,694
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 42,895 42,895
Profit and loss account 7,339 3,798
Shareholder's funds 50,235 46,694
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Smith
Director
Approved by the board on 25 June 2025
Vaalbank Properties Ltd
Notes to the Accounts
for the period from 1 November 2023 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are reflected in the profit & loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 0 0
3 Investment property
Land and buildings
£
Valuation
At 1 November 2023 212,000
At 31 March 2025 212,000
Historical cost 159,043
4 Debtors 2025 2023
£ £
Trade debtors 275 -
Other debtors - 1,251
275 1,251
5 Creditors: amounts falling due within one year 2025 2023
£ £
Bank loans and overdrafts 6,730 6,730
Trade creditors - 8,196
Taxation and social security costs 649 -
Other creditors 122,393 107,135
129,772 122,061
6 Creditors: amounts falling due after one year 2025 2023
£ £
Bank loans 24,882 34,603
7 Revaluation reserve 2025 2023
£ £
At 1 November 2023 42,895 42,895
At 31 March 2025 42,895 42,895
8 Other information
Vaalbank Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
6 Ferryman's Court
Yarmouth Road
Norwich
NR7 0EF
Vaalbank Properties Ltd 11632280 false 2023-11-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 I Smith No description of principal activity 11632280 2022-11-01 2023-10-31 11632280 core:WithinOneYear 2023-10-31 11632280 core:AfterOneYear 2023-10-31 11632280 core:ShareCapital 2023-10-31 11632280 core:OtherReservesSubtotal 2023-10-31 11632280 core:RetainedEarningsAccumulatedLosses 2023-10-31 11632280 core:RevaluationReserve 2022-10-31 11632280 2023-11-01 2025-03-31 11632280 bus:PrivateLimitedCompanyLtd 2023-11-01 2025-03-31 11632280 bus:AuditExemptWithAccountantsReport 2023-11-01 2025-03-31 11632280 bus:Director40 2023-11-01 2025-03-31 11632280 1 2023-11-01 2025-03-31 11632280 2 2023-11-01 2025-03-31 11632280 countries:England 2023-11-01 2025-03-31 11632280 bus:FRS102 2023-11-01 2025-03-31 11632280 bus:FilletedAccounts 2023-11-01 2025-03-31 11632280 2025-03-31 11632280 core:WithinOneYear 2025-03-31 11632280 core:AfterOneYear 2025-03-31 11632280 core:ShareCapital 2025-03-31 11632280 core:OtherReservesSubtotal 2025-03-31 11632280 core:RetainedEarningsAccumulatedLosses 2025-03-31 11632280 core:LandBuildings 2025-03-31 11632280 core:RevaluationReserve 2025-03-31 11632280 2023-10-31 11632280 core:LandBuildings 2023-10-31 11632280 core:RevaluationReserve 2023-10-31 iso4217:GBP xbrli:pure