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Registered Number: 13386612
England and Wales

 

 

 

VKY PROPERTIES LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2024

End date: 31 May 2025
Director Vicky Johnson
Registered Number 13386612
Registered Office 71 The Fairway
Saltburn-By-The-Sea
North Yorkshire
England
TS12 1NG
Accountants aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
1
  2025   2024
    £ £   £ £
Fixed assets   17,536      13,638 
Current assets 69,700      54,129   
Prepayments and accrued income 582      18,723   
Creditors: amount falling due within one year (63,519)     (103,345)  
Net current assets   6,763      (30,493)
Total assets less current liabilities   24,299      (16,855)
Creditors: amount falling due after more than one year   (5,279)     (4,494)
Accruals and deferred income   (3,406)    
Net assets   15,614      (21,349)
 

         
Capital and reserves   15,614      (21,349)
 
NOTES TO THE ACCOUNTS

General Information
VKY Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13386612, registration address 71 The Fairway, Saltburn-By-The-Sea, North Yorkshire, England, TS12 1NG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements and agree not with draw there funding in the foreseeable future.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
The remaining lease term is one year and the liability is £420 per year. 
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:
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 June 2024 16,759      16,759 
Additions 2,789    4,204    6,993 
Disposals    
At 31 May 2025 19,548    4,204    23,752 
Depreciation
At 01 June 2024 3,121      3,121 
Charge for year 2,464    631    3,095 
On disposals    
At 31 May 2025 5,585    631    6,216 
Net book values
Closing balance as at 31 May 2025 13,963    3,573    17,536 
Opening balance as at 01 June 2024 13,638      13,638 


3.

Average number of employees including directors

Average number of employees during the year was 1 (2024 : 2).

4.

Director loan

The director has advanced to and has been advanced monies by company during the year. The balance at 31 May 2025 is £17,205 owed to the director (2024: £58,193).
5.

Related Party

During the year the company entered into a related party transaction with VKY investment ltd, both companies have common directors. The balance at 31 May 2025 is £16,269  owed by the company. (2024: £5,227)

For the year ended 31 May 2025 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 year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 23 July 2025 and were signed by:


--------------------------------
Vicky Johnson
Director
2