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COMPANY REGISTRATION NUMBER: 10487335
Right Vibe Properties Limited
Filleted Unaudited Abridged Financial Statements
31 October 2024
Right Vibe Properties Limited
Abridged Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
93,971
93,971
Current assets
Cash at bank and in hand
13,789
15,767
Creditors: amounts falling due within one year
102,931
108,689
---------
---------
Net current liabilities
89,142
92,922
--------
--------
Total assets less current liabilities
4,829
1,049
-------
-------
Net assets
4,829
1,049
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
4,729
949
-------
-------
Shareholders funds
4,829
1,049
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 October 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Right Vibe Properties Limited
Abridged Statement of Financial Position (continued)
31 October 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 24 July 2025 , and are signed on behalf of the board by:
Mr C C Harmens
Director
Company registration number: 10487335
Right Vibe Properties Limited
Notes to the Abridged Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Haven, Haven Lane, Hebden Bridge, Yorkshire, HX7 6JG, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents rents received and receivable from tenants of the company's freehold residential investment property. Turnover is recognised on a strict time basis when rents are receivable.
Taxation
The taxation expense represents the current tax that is recognised on the taxable profit for the current and past periods and is measured at the amounts of tax expected to be payable or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
4. Tangible assets
£
Cost
At 1 November 2023 and 31 October 2024
93,971
--------
Depreciation
At 1 November 2023 and 31 October 2024
--------
Carrying amount
At 31 October 2024
93,971
--------
At 31 October 2023
93,971
--------
A reliable measure of fair value of the investment properties is not available without undue cost and effort and so they are currently held at cost.