ACCOUNTS - Final Accounts preparation

Registered number: 15792340

VDM RESIDENTIAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2025

VDM RESIDENTIAL LIMITED

REGISTERED NUMBER: 15792340

BALANCE SHEET

AS AT 30 JUNE 2025

		2025
Note		£

Fixed assets
Investments	4		307,366
			307,366
Current assets
Cash at bank and in hand	5	34
		34
Creditors: amounts falling due within one year	6	(310,738)
Net current (liabilities)/assets			(310,704)
Total assets less current liabilities			(3,338)

Net (liabilities)/assets			(3,338)

Capital and reserves
Called up share capital			10
Profit and loss account			(3,348)
			(3,338)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2025.

J. Vandermolen

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

VDM RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

1.	General information

The company is a private company limited by shares and was incorporated in England and Wales. The registered office is:
4 Chester Court,
Chester Hall Lane,
Basildon,
Essex,
SS14 3WR.
The company was incorporated on 21 June 2024.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

In view of the excess of liabilities over assets at 30 June 2025 of £3,338 the appropriateness of the going concern basis is dependent upon the continued support of the company's creditors.
The creditors have continued to support the company and the director is of the opinion that they will continue to do so. In light of the aforementioned, the director considers it appropriate to adopt the going concern basis in preparing the financial statements.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

VDM RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 1.

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	307,366
	At 30 June 2025	307,366

5.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	34
		34

6.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	599
	Amounts owed to group undertakings	76,055
	Other creditors	234,084
		310,738

Page 3

VDM RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

7.	Related party transactions
	At the balance sheet date other creditors included £130,000 owed to brothers of the director and shareholder.

Page 4