V.G.C. Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02329400

V.G.C. Construction Limited

Filleted Unaudited Financial Statements

31 December 2024

V.G.C. Construction Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

V.G.C. Construction Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Current assets

Debtors	4	100	15,201
Cash at bank and in hand		–	4,495
		----	--------
		100	19,696

Creditors: amounts falling due within one year	5	–		6,000
		----		--------
Net current assets			100		13,696
			----		--------
Total assets less current liabilities			100		13,696
			----		--------
Net assets			100		13,696
			----		--------

Capital and reserves

Called up share capital	6	100	100
Profit and loss account		–	13,596
		----	--------
Shareholders funds		100	13,696
		----	--------

These 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 statement of comprehensive income has not been delivered.

The company did not trade during the year and has not made either a profit or loss.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

V.G.C. Construction Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:

Mrs C M Pryce

Director

Company registration number: 02329400

V.G.C. Construction Limited

Notes to the Financial Statements

Year ended 31 December 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 Cardinal House, Bury Street, Ruislip, Middlesex, HA4 7GD.

2. Statement of compliance

These 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity meets the conditions of being defined as a small company under Companies Act 2006. In accordance with the small companies' regime, the company is exempt from the requirements to prepare a strategic report and cash flow statement.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings	100	–
Corporation tax repayable	–	6,160
Other debtors	–	9,041
	----	--------
	100	15,201
	----	--------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	–	6,000
	----	-------

6. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

7. Contingencies

There is an intercompany guarantee between V.G.C. Construction Limited , V.G. Clements (Contractors) Limited, V.G. Clements Limited, VGC Services Limited and VGC Personnel Limited in favour of National Westminster Bank Plc. There is a guarantee between V.G.C. Construction Limited and Ashley Industrial Properties Limited of £2,281,200 payable on demand in favour of National Westminster Bank Plc.

8. Related party transactions

V.G.C. Construction Limited is a 100% owned subsidiary of VGC Group Limited. VGC Group Limited intends to prepare consolidated accounts therefore V.G.C. Construction Limited has taken advantage of the exemption within FRS102 which eliminates the requirement to report related party balances.

9. Controlling party

100% of the share capital is owned by VGC Group Limited. The directors consider this to be the ultimate parent company. The group consolidated accounts can be obtained from the company's registered office; the address is stated on page 2 of these accounts.