Virginia Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00681202

Virginia Properties Limited

Filleted Unaudited Abridged Financial Statements

31 March 2025

Virginia Properties Limited

Abridged Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	117,740	117,853
Investments	6	6,000	6,000
		---------	---------
		123,740	123,853

Current assets

Debtors	2,865	–
Cash at bank and in hand	1,807	3,278
	-------	-------
	4,672	3,278

Creditors: amounts falling due within one year	648	6,677
	-------	-------
Net current assets/(liabilities)	4,024	( 3,399)
	---------	---------
Total assets less current liabilities	127,764	120,454
	---------	---------
Net assets	127,764	120,454
	---------	---------

Capital and reserves

Called up share capital	8,400	8,400
Share premium account	350	350
Profit and loss account	119,014	111,704
	---------	---------
Shareholders funds	127,764	120,454
	---------	---------

These abridged 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 abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Virginia Properties Limited

Abridged Statement of Financial Position (continued)

31 March 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

Mr M Rubin	Mrs M I Rubin
Director	Director

Company registration number: 00681202

Virginia Properties Limited

Notes to the Abridged Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Railway Road, Leigh, WN7 4AX, England.

2. Statement of compliance

These abridged 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.

Revenue recognition

Turnover repreesents the amounts received or receivable for property rentals and associated service charges where relevant, stated net of Value Added Tax. Review from rents and service charges receivable is recognised when it falls due on a strict time basis.

Tangible assets

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures, fittings and equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost and are subsequently stated at cost less any accumulated impairment losses.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	£
Cost
At 1 April 2024	122,317
Additions	600
	---------
At 31 March 2025	122,917
	---------
Depreciation
At 1 April 2024	4,464
Charge for the year	713
	---------
At 31 March 2025	5,177
	---------
Carrying amount
At 31 March 2025	117,740
	---------
At 31 March 2024	117,853
	---------

6. Investments

	£
Cost
At 1 April 2024 and 31 March 2025	6,000
	-------
Impairment
At 1 April 2024 and 31 March 2025	–
	-------
Carrying amount
At 31 March 2025	6,000
	-------
At 31 March 2024	6,000
	-------

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr M Rubin	–	1,433	1,433
Mrs M I Rubin	–	1,432	1,432
	----	-------	-------
	–	2,865	2,865
	----	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr M Rubin	–	–	–
Mrs M I Rubin	–	–	–
	----	----	----
	–	–	–
	----	----	----