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Company Registration No. 05294185 (England and Wales)
VIP Property Management Ltd Unaudited accounts for the year ended 30 November 2024
VIP Property Management Ltd Unaudited accounts Contents
Page
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VIP Property Management Ltd Company Information for the year ended 30 November 2024
Directors
Mr P Argirov Ms V Kirova
Secretary
Plamen Argirov
Company Number
05294185 (England and Wales)
Registered Office
106 Perth Road London N22 5QP UK
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VIP Property Management Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,419 
48,776 
Investments
14,045 
11,047 
50,464 
59,823 
Current assets
Debtors
2,916 
1,708 
Cash at bank and in hand
3,400 
11,280 
6,316 
12,988 
Creditors: amounts falling due within one year
(29,404)
(30,742)
Net current liabilities
(23,088)
(17,754)
Total assets less current liabilities
27,376 
42,069 
Creditors: amounts falling due after more than one year
(41,695)
(49,233)
Net liabilities
(14,319)
(7,164)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(14,419)
(7,264)
Shareholders' funds
(14,319)
(7,164)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by
Mr P Argirov Director Company Registration No. 05294185
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VIP Property Management Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
VIP Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 05294185. The registered office is 106 Perth Road, London, N22 5QP, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Computer equipment
50%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
50,490 
2,179 
52,669 
Additions
- 
827 
827 
Disposals
- 
(1,399)
(1,399)
At 30 November 2024
50,490 
1,607 
52,097 
Depreciation
At 1 December 2023
2,104 
1,789 
3,893 
Charge for the year
12,622 
562 
13,184 
On disposals
- 
(1,399)
(1,399)
At 30 November 2024
14,726 
952 
15,678 
Net book value
At 30 November 2024
35,764 
655 
36,419 
At 30 November 2023
48,386 
390 
48,776 
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VIP Property Management Ltd Notes to the Accounts for the year ended 30 November 2024
5
Investments
Other investments 
£ 
Valuation at 1 December 2023
11,047 
Fair value adjustments
2,998 
Valuation at 30 November 2024
14,045 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,916 
1,708 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,721 
13,283 
Other creditors
19,683 
17,459 
29,404 
30,742 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
41,695 
49,233 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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