Vl Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11593844

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		867,026		869,609

			867,026		869,609
CURRENT ASSETS
Debtors	5	3,665		-
Cash at bank and in hand		7,379		2,490

		11,044		2,490
Creditors: Amounts Falling Due Within One Year	6	(389,153 )		(386,610 )

NET CURRENT ASSETS (LIABILITIES)			(378,109 )		(384,120 )

TOTAL ASSETS LESS CURRENT LIABILITIES			488,917		485,489

Creditors: Amounts Falling Due After More Than One Year	7		(519,980 )		(519,980 )

NET LIABILITIES			(31,063 )		(34,491 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(31,064 )		(34,492 )

SHAREHOLDERS' FUNDS			(31,063)		(34,491)

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Vl Properties Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

V Lorak

Director

22/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Vl Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11593844 . The registered office is 32 Byron Hill Road, Harrow On The Hill, Middx, HA2 0HY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income. Turnover is reduced for estimated rent free and vacant periods and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 October 2023	859,276	26,250	885,526

As at 30 September 2024	859,276	26,250	885,526

Depreciation
As at 1 October 2023	-	15,917	15,917
Provided during the period	-	2,583	2,583

As at 30 September 2024	-	18,500	18,500

Net Book Value
As at 30 September 2024	859,276	7,750	867,026

As at 1 October 2023	859,276	10,333	869,609

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Vl Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Due after more than one year
Other debtors	3,635	-
Amounts owed by associates	30	-

	3,665	-

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	160	720
Other creditors	16,200	12,565
Accruals and deferred income	2,754	2,024
Director's loan account	370,039	371,301

	389,153	386,610

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	519,980	519,980

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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