2024-03-01 2025-02-28 false Capium Accounts Production 1.1 13184047 2024-03-01 2025-02-28 13184047 bus:FullAccounts 2024-03-01 2025-02-28 13184047 bus:FRS102 2024-03-01 2025-02-28 13184047 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 13184047 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13184047 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13184047 2024-03-01 2025-02-28 13184047 2025-02-28 13184047 bus:RegisteredOffice 2024-03-01 2025-02-28 13184047 core:WithinOneYear 2025-02-28 13184047 core:AfterOneYear 2025-02-28 13184047 1 2024-03-01 2025-02-28 13184047 bus:Director1 2024-03-01 2025-02-28 13184047 bus:Director1 2025-02-28 13184047 bus:Director1 2023-03-01 2024-02-29 13184047 bus:Director2 2024-03-01 2025-02-28 13184047 bus:Director2 2025-02-28 13184047 bus:Director2 2023-03-01 2024-02-29 13184047 2023-03-01 13184047 bus:LeadAgentIfApplicable 2024-03-01 2025-02-28 13184047 2023-03-01 2024-02-29 13184047 2024-02-29 13184047 core:WithinOneYear 2024-02-29 13184047 core:AfterOneYear 2024-02-29 13184047 bus:EntityAccountantsOrAuditors 2023-03-01 2024-02-29 13184047 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 13184047 bus:OrdinaryShareClass1 2025-02-28 13184047 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 13184047 bus:OrdinaryShareClass1 2024-02-29 13184047 core:PlantMachinery 2024-03-01 2025-02-28 13184047 core:PlantMachinery 2025-02-28 13184047 core:PlantMachinery 2024-02-29 13184047 core:ComputerEquipment 2024-03-01 2025-02-28 13184047 core:ComputerEquipment 2025-02-28 13184047 core:ComputerEquipment 2024-02-29 13184047 core:InvestmentProperties 2024-03-01 2025-02-28 13184047 core:InvestmentProperties 2025-02-28 13184047 core:InvestmentProperties 2024-02-29 13184047 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-02-28 13184047 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 13184047 core:CostValuation core:Non-currentFinancialInstruments 2025-02-28 13184047 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 13184047 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-02-28 13184047 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2025-02-28 13184047 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2025-02-28 13184047 core:Non-currentFinancialInstruments 2025-02-28 13184047 core:Non-currentFinancialInstruments 2024-02-29 13184047 core:ShareCapital 2025-02-28 13184047 core:ShareCapital 2024-02-29 13184047 core:RetainedEarningsAccumulatedLosses 2025-02-28 13184047 core:RetainedEarningsAccumulatedLosses 2024-02-29 13184047 dpl:Item1 2024-03-01 13184047 dpl:Item1 2025-02-28 13184047 dpl:Item1 2023-03-01 13184047 dpl:Item1 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13184047
England and Wales

 

 

 

VRNO PROPERTY LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2024

End date: 28 February 2025
Directors Erica Vernon
Garfield Arnold Ricardo Vernon
Registered Number 13184047
Registered Office 5 Blenheim Court
Peppercorn Close
Peterborough
England
PE1 2DU
Accountants aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 28 February 2025
Principal activities
The company's principal activity during the year was buying and selling of own real estate, Other letting and operating of own or leased real estate and Management of real estate on a fee or contract basis.
Directors
The directors who served the company throughout the year were as follows:
Erica Vernon
Garfield Arnold Ricardo Vernon
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Erica Vernon
Director

Date approved: 15 May 2025
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Vrno Property Ltd for the year ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vrno Property Ltd for the year ended 28 February 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Vrno Property Ltd, as a body, in accordance with the terms of our engagement letter dated 15 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Vrno Property Ltd and state those matters that we have agreed to state to the Board of Directors of Vrno Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vrno Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Vrno Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vrno Property Ltd. You consider that Vrno Property 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 accounts of Vrno Property 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 accounts
28 February 2025



....................................................
aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
15 May 2025
3
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 71,864    390,591 
71,864    390,591 
Current assets      
Debtors 4 3,679    4,512 
Cash at bank and in hand 12,855    2,035 
16,534    6,547 
Creditors: amount falling due within one year 5 (70,482)   (380,993)
Net current assets (53,948)   (374,446)
 
Total assets less current liabilities 17,916    16,145 
Creditors: amount falling due after more than one year 6 (44,983)   (44,994)
Net assets (27,067)   (28,849)
 

Capital and reserves
     
Called up share capital 7 6    6 
Profit and loss account (27,073)   (28,855)
Shareholders' funds (27,067)   (28,849)
 


For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 May 2025 and were signed on its behalf by:


-------------------------------
Erica Vernon
Director
4
General Information
Vrno Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13184047, registration address 5 Blenheim Court, Peppercorn Close, Peterborough, England, PE1 2DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Computer Equipment 33% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees including directors

Average number of employees during the year was 2 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Investment properties   Total
  £   £   £   £
At 01 March 2024 589    1,936    389,131    391,656 
Additions   1,214      1,214 
Disposals     (319,104)   (319,104)
At 28 February 2025 589    3,150    70,027    73,766 
Depreciation
At 01 March 2024 249    815      1,064 
Charge for year 68    770      838 
On disposals      
At 28 February 2025 317    1,585      1,902 
Net book values
Closing balance as at 28 February 2025 272    1,565    70,027    71,864 
Opening balance as at 01 March 2024 340    1,121    389,130    390,591 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 3,600    3,600 
Amount Owed by Participating Interests   13 
Prepayments & Accrued Income 79    899 
3,679    4,512 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Bank Loans & Overdrafts   230,500 
Corporation Tax 4,129   
Accrued Expenses   5,234 
Directors' Current Accounts 66,353    145,259 
70,482    380,993 

6.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts (secured) 44,983    44,994 
44,983    44,994 

7.

Share Capital

Authorised
6 Class A shares of £1.00 each
Allotted, called up and fully paid
2025
£
  2024
£
6 Class A shares of £1.00 each  
 

8.

Director loan

As at balance sheet date the company owed the director £66,353. (2024 - £145,258).
This is an interest free facility, repayable on demand.
9.

Other loans - Security

The loan included in other loans is secured against the property.
5