| VCRA Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of VCRA Ltd for the year ended 30 April 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VCRA Ltd for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Cochrane & Co Accountants Limited |
| Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 29 August 2025 |
|
| VCRA Ltd |
| Registered number: |
03357985 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
50,245 |
|
|
50,245 |
|
| Current assets |
| Debtors |
4 |
|
22,216 |
|
|
22,588 |
|
| Creditors: amounts falling due within one year |
5 |
|
(564) |
|
|
(522) |
|
| Net current assets |
|
|
|
21,652 |
|
|
22,066 |
|
| Net assets |
|
|
|
71,897 |
|
|
72,311 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
23 |
|
|
23 |
| Introduced by residents to purchase the freehold |
6 |
|
|
50,245 |
|
|
50,245 |
| Profit and loss account |
|
|
|
21,629 |
|
|
22,043 |
|
| Shareholders' funds |
|
|
|
71,897 |
|
|
72,311 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. |
|
|
|
|
| S P Webb |
| Director |
| Approved by the board on 6 August 2025 |
|
| VCRA Ltd |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents ground rents receivable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. Due to the life of the building being in excess of fifty years, no depreciation has been provided. Impairment reviews are carried out periodically. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 May 2024 |
50,245 |
|
At 30 April 2025 |
50,245 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 April 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
50,245 |
|
At 30 April 2024 |
50,245 |
|
|
|
|
|
|
|
|
|
|
The land registry details the ownership of the freehold property as VCRA Limited. We are advised by the solicitor that the freehold property is held in trust by the company on behalf of the shareholders. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Due from Victory Court Residents Association |
|
22,216 |
|
22,588 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
564 |
|
522 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Introduced by residents to purchase the freehold |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 May 2024 |
50,245 |
|
50,245 |
|
|
At 30 April 2025 |
50,245 |
|
50,245 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The company is controlled by the residents of Victory Court by virtue of their shareholdings. |
|
|
| 8 |
Other information |
|
|
VCRA Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
118-120 The High Street |
|
Lee-on-the-Solent |
|
Hampshire |
|
PO13 9DB |