REGISTERED NUMBER: 09919319 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VENGROVE REAL ESTATE (UK) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

13,599

18,174

Investments

5

31,250

85,000

44,849

103,174

CURRENT ASSETS

Debtors

6

998,860

896,009

Cash at bank

527,136

394,560

1,525,996

1,290,569

CREDITORS

Amounts falling due within one year

7

(893,162

)

(639,453

)

NET CURRENT ASSETS

632,834

651,116

TOTAL ASSETS LESS CURRENT LIABILITIES

677,683

754,290

CREDITORS

Amounts falling due after more than one year

8

-

(36,111

)

PROVISIONS FOR LIABILITIES

(2,739

)

(2,650

)

NET ASSETS

674,944

715,529

CAPITAL AND RESERVES

Called up share capital

9

164,100

164,100

Retained earnings

510,844

551,429

SHAREHOLDERS' FUNDS

674,944

715,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

R W H Taylor - Director

1.	STATUTORY INFORMATION

Vengrove Real Estate (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09919319

Registered office:

3rd Floor

3-5 Rathbone Place

London

W1T 1HJ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 3 years

Computer equipment

-

Straight line over 4 years

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade debtors, other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade creditors, other creditors, and amounts owed to group undertakings, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

These accounts have been prepared on the going concern basis. Based on current trading and future expectations, the director is confident the company will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

7,924

16,715

43,112

67,751

Additions

-

2,707

5,345

8,052

Disposals

-

(521

)

-

(521

)

At 31 December 2024

7,924

18,901

48,457

75,282

DEPRECIATION

At 1 January 2024

3,698

13,858

32,021

49,577

Charge for year

1,585

1,511

9,162

12,258

Eliminated on disposal

-

(152

)

-

(152

)

At 31 December 2024

5,283

15,217

41,183

61,683

NET BOOK VALUE

At 31 December 2024

2,641

3,684

7,274

13,599

At 31 December 2023

4,226

2,857

11,091

18,174

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

85,000

Revaluations

(53,750

)

At 31 December 2024

31,250

NET BOOK VALUE

At 31 December 2024

31,250

At 31 December 2023

85,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

303,371

669,611

Amounts owed by group undertakings

58,948

73,826

Other debtors

66,380

62,761

Accrued income

422,731

-

Prepayments

147,430

89,811

998,860

896,009

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

64,170

23,762

Amounts owed to group undertakings

353,506

299,004

Tax

193,963

36,504

Social security and other taxes

29,680

23,973

VAT

159,944

200,448

Other creditors

45,616

-

Rent spreading creditor

35,729

-

Deferred income

-

21,106

Accrued expenses

10,554

34,656

893,162

639,453

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

-

36,111

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

164,000

Preference

1

164,000

164,000

164,100

164,100

10.	OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 31 December 2024 of £306,306 (2023: £490,089).

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Vengrove Group Limited.

The ultimate controlling party is R W H Taylor.