Acorah Software Products - Accounts Production 16.4.675 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11307265 V D Goldstein iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11307265 2023-09-30 11307265 2024-09-30 11307265 2023-10-01 2024-09-30 11307265 frs-core:CurrentFinancialInstruments 2024-09-30 11307265 frs-core:Non-currentFinancialInstruments 2024-09-30 11307265 frs-core:FurnitureFittings 2024-09-30 11307265 frs-core:FurnitureFittings 2023-10-01 2024-09-30 11307265 frs-core:FurnitureFittings 2023-09-30 11307265 frs-core:ShareCapital 2024-09-30 11307265 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11307265 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11307265 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11307265 frs-bus:SmallEntities 2023-10-01 2024-09-30 11307265 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11307265 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11307265 frs-bus:Director1 2023-10-01 2024-09-30 11307265 frs-core:CurrentFinancialInstruments 1 2024-09-30 11307265 frs-countries:EnglandWales 2023-10-01 2024-09-30 11307265 2022-09-30 11307265 2023-09-30 11307265 2022-10-01 2023-09-30 11307265 frs-core:CurrentFinancialInstruments 2023-09-30 11307265 frs-core:Non-currentFinancialInstruments 2023-09-30 11307265 frs-core:ShareCapital 2023-09-30 11307265 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 11307265 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 11307265
VF Loughton Property Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director V D Goldstein
Company Number 11307265
Registered Office 2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Accountants Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Page 1
Page 2
Balance Sheet
Registered number: 11307265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,712 3,390
Investment Properties 5 1,496,542 1,496,542
1,499,254 1,499,932
CURRENT ASSETS
Debtors 6 1 1
Cash at bank and in hand 17,355 -
17,356 1
Creditors: Amounts Falling Due Within One Year 7 (952,331 ) (1,621,493 )
NET CURRENT ASSETS (LIABILITIES) (934,975 ) (1,621,492 )
TOTAL ASSETS LESS CURRENT LIABILITIES 564,279 (121,560 )
Creditors: Amounts Falling Due After More Than One Year 8 (737,972 ) -
NET LIABILITIES (173,693 ) (121,560 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (173,694 ) (121,561 )
SHAREHOLDERS' FUNDS (173,693) (121,560)
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 19 August 2025 and were signed on its behalf by:
V D Goldstein
Director
19 August 2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
VF Loughton Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11307265 . The registered office is 2nd Floor, Butler House, 177-178 Tottenham Court Road, London, W1T 7AF.
The financial statements are presented in Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Going Concern Disclosure
At 30 September 2024 the company made a loss before tax of £52,133 (2023 - £41,830) and has net liabilities of £173,693 (2023 - £121,560).
The director is closely monitoring the activities of the company and has received confirmation from The V Fund Group Limited, its parent entity, that the Group will continue to support the operations of the company for the foreseeable future to allow it to be able to meet its own liabilities as they fall due.
On the basis of his assessment of the company's financial position, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance basis
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2.5. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Investment property, which is property held to earn rentals and / or capital appreciation, is initially recognised at cost,which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss.
Where the fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed asset.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 7,786
As at 30 September 2024 7,786
Depreciation
As at 1 October 2023 4,396
Provided during the period 678
As at 30 September 2024 5,074
Net Book Value
As at 30 September 2024 2,712
As at 1 October 2023 3,390
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 1,496,542
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1 1
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 22,561 768,965
Accruals and deferred income 819 2,508
Amounts owed to group undertakings 928,951 850,020
952,331 1,621,493
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 737,972 -
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9. Secured Creditors
Of the creditors the following amounts are secured.
Bank loans £760,533 (2023: £768,965)
The loan is secured by way of a fixed charge over the investment property and The V Fund Limited and V D Goldstein have provided guarantees for the loan.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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