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REGISTERED NUMBER: 01861961 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED

VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 01861961)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: G S Wallage
R H Scott
Mrs I Newman
M Newman





REGISTERED OFFICE: The Estate Office
Virginia Beeches
Callow Hill
Virginia Water
Surrey
GU25 4LT





REGISTERED NUMBER: 01861961 (England and Wales)





ACCOUNTANTS: Davis Burton Sellek
Chartered Accountants
The Galleries
Charters Road
Sunningdale
Berkshire
SL5 9QJ

VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 01861961)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,936 2,001
Investments 5 372,828 379,775
374,764 381,776

CURRENT ASSETS
Debtors 6 47,780 45,390
Cash at bank 48,476 65,448
96,256 110,838
CREDITORS
Amounts falling due within one year 7 73,176 74,232
NET CURRENT ASSETS 23,080 36,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,844

418,382

PROVISIONS FOR LIABILITIES 57,278 44,851
NET ASSETS 340,566 373,531

CAPITAL AND RESERVES
Called up share capital 410 410
Other reserves 229,113 236,060
Retained earnings 111,043 137,061
SHAREHOLDERS' FUNDS 340,566 373,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 01861961)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





G S Wallage - Director


VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 01861961)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Virginia Beeches Residents Association 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
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue to operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition
Revenue represents amounts receivable from residents for service charges during the year and also includes interest and dividend income.

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 - 20% on cost

VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 01861961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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 company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Equity instruments
Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 01861961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


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.

Fixed asset investments
Investments are held as fixed assets on the balance sheet. Those investments that are freely tradeable are stated at market value. Those investments that are unlisted or in which the company is prohibited from trading are valued at cost less any provision for impairment. Realised gains or losses on disposal of these investments are recognised in the income statement. Unrealised gains or losses on changes in market value are also recognised via the income statement.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2024 7,054 8,439 15,493
Additions 750 - 750
At 31 March 2025 7,804 8,439 16,243
DEPRECIATION
At 1 April 2024 5,053 8,439 13,492
Charge for year 815 - 815
At 31 March 2025 5,868 8,439 14,307
NET BOOK VALUE
At 31 March 2025 1,936 - 1,936
At 31 March 2024 2,001 - 2,001

The company owns the freehold property at Virginia Beeches, Callow Hill, Virginia Water, Surrey. The residents have all been granted long leases and therefore the property has been given a NIL value within the accounts.

VIRGINIA BEECHES RESIDENTS
ASSOCIATION LIMITED (REGISTERED NUMBER: 01861961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. FIXED ASSET INVESTMENTS

Market value of listed investments at 31 March 2025 £372,828 (2024 : £379,775).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 47,780 45,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 390 111
Other creditors 72,786 74,121
73,176 74,232