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Registration number: 07599955

Vantage Commercial Lending Ltd

Unaudited Filleted Financial Statements

for the Period from 1 May 2024 to 31 December 2024

 

Vantage Commercial Lending Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Vantage Commercial Lending Ltd

Company Information

Director

Mr Adam Messer

Registered office

Sugarford House
46 South Bar Street
Banbury
Oxon
OX16 9AB

Accountants

Henson ReesRussell
Chartered Accountants
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Vantage Commercial Lending Ltd
for the Period Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vantage Commercial Lending Ltd for the period ended 31 December 2024 as set out on pages 3 to 9 from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Vantage Commercial Lending Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Vantage Commercial Lending Ltd and state those matters that we have agreed to state to the Board of Directors of Vantage Commercial Lending 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 Vantage Commercial Lending Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Vantage Commercial Lending 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 Vantage Commercial Lending Ltd. You consider that Vantage Commercial Lending Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Vantage Commercial Lending 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.

......................................

Henson ReesRussell
Chartered Accountants
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

17 July 2025

 

Vantage Commercial Lending Ltd

(Registration number: 07599955)
Balance Sheet as at 31 December 2024

Note

2024
£

2024
£

Fixed assets

 

Tangible assets

4

1,988

2,651

Current assets

 

Debtors

5

29,185

28,590

Cash at bank and in hand

 

-

55

 

29,185

28,645

Creditors: Amounts falling due within one year

6

(25,019)

(28,423)

Net current assets

 

4,166

222

Total assets less current liabilities

 

6,154

2,873

Creditors: Amounts falling due after more than one year

6

(12,500)

(13,365)

Net liabilities

 

(6,346)

(10,492)

Capital and reserves

 

Called up share capital

7

4

4

Retained earnings

(6,350)

(10,496)

Shareholders' deficit

 

(6,346)

(10,492)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2025
 

 

Vantage Commercial Lending Ltd

(Registration number: 07599955)
Balance Sheet as at 31 December 2024

.........................................
Mr Adam Messer
Director

 

Vantage Commercial Lending Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

1

General information

The address of its registered office is:
Sugarford House
46 South Bar Street
Banbury
Oxon
OX16 9AB
England

These financial statements were authorised for issue by the director on 17 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Vantage Commercial Lending Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance basis

Office equipment

25% Reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Vantage Commercial Lending Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

 

Vantage Commercial Lending Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2024

9,639

9,639

At 31 December 2024

9,639

9,639

Depreciation

At 1 May 2024

6,988

6,988

Charge for the period

663

663

At 31 December 2024

7,651

7,651

Carrying amount

At 31 December 2024

1,988

1,988

At 30 April 2024

2,651

2,651

5

Debtors

2024
£

2024
£

Other debtors

29,185

28,590

29,185

28,590

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2024
£

Due within one year

 

Loans and borrowings

8

20,938

24,806

Taxation and social security

 

1,579

2,962

Accruals and deferred income

 

1,208

655

Other creditors

 

1,294

-

 

25,019

28,423

 

Vantage Commercial Lending Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2024

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2024
£

Bank borrowings

12,400

13,265

Redeemable preference shares

100

100

12,500

13,365

Current loans and borrowings

2024
£

2024
£

Bank borrowings

1,714

2,592

Bank overdrafts

19,224

22,214

20,938

24,806