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Company Registration No. 13776671 (England and Wales)
Virtue Property Management Limited Unaudited accounts for the year ended 31 December 2024
Virtue Property Management Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Virtue Property Management Limited Company Information for the year ended 31 December 2024
Directors
Zahoor Ahmed Latif Mohammad Jamba
Company Number
13776671 (England and Wales)
Registered Office
84 QUICKS ROAD LONDON SW19 1EX ENGLAND
- 3 -
Virtue Property Management Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
1,875,000 
1,260,276 
Current assets
Debtors
5
- 
43,239 
Cash at bank and in hand
975 
- 
975 
43,239 
Creditors: amounts falling due within one year
6
(758,000)
(747,903)
Net current liabilities
(757,025)
(704,664)
Total assets less current liabilities
1,117,975 
555,612 
Creditors: amounts falling due after more than one year
7
(660,833)
(590,979)
Provisions for liabilities
Deferred tax
(139,349)
- 
Net assets/(liabilities)
317,793 
(35,367)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
317,693 
(35,467)
Shareholders' funds
317,793 
(35,367)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by
Zahoor Ahmed Director Company Registration No. 13776671
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Virtue Property Management Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Virtue Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 13776671. The registered office is 84 QUICKS ROAD, LONDON, SW19 1EX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
1,260,276 
Additions
57,328 
Net gain from fair value adjustments
557,396 
At 31 December 2024
1,875,000 
The director has assessed the assets of the company and concluded that they meet the definition of investment properties under FRS102. In accordance with the provisions of FRS102, these have been revalued and the income taken through the income statement
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
43,239 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
720,239 
722,797 
Trade creditors
- 
807 
Other creditors
35,761 
23,399 
Accruals
2,000 
900 
758,000 
747,903 
The Loans are secured on the assets of the company
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Virtue Property Management Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
97,007 
97,007 
Loans from directors
563,826 
493,972 
660,833 
590,979 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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