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
VIP Property Management Ltd
Company Information
for the year ended 30 November 2024
Directors
Mr P Argirov
Ms V Kirova
Company Number
05294185 (England and Wales)
Registered Office
106 Perth Road
London
N22 5QP
UK
VIP Property Management Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
36,419
48,776
Cash at bank and in hand
3,400
11,280
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)
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
VIP Property Management Ltd
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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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
Disposals
-
(1,399)
(1,399)
At 30 November 2024
50,490
1,607
52,097
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
At 30 November 2024
35,764
655
36,419
At 30 November 2023
48,386
390
48,776
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
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,721
13,283
Other creditors
19,683
17,459
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
41,695
49,233
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).