Registration number: 05309754

Vigo Properties Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Vigo Properties Limited

(Registration number: 05309754)

Balance Sheet as at 31 March 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	3	2,630,515	2,630,515
Current assets
Debtors	4	14,543	14,543
Cash at bank and in hand		42,538	42,538
		57,081	57,081
Creditors: Amounts falling due within one year	5	(2,604,109)	(2,604,109)
Net current liabilities		(2,547,028)	(2,547,028)
Net assets		83,487	83,487
Capital and reserves
Called up share capital		2	2
Retained earnings		83,485	83,485
Shareholders' funds		83,487	83,487

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 29 September 2025
 

.........................................

Mr T Shah

Director

Vigo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1	Accounting policies

Statutory information

Vigo Properties Limited is a private company, limited by shares, domiciled in England and Wales, company number 05309754. The registered office is at 3 Cavendish Court, South Parade, , Doncaster, DN1 2DJ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue represents the value of rent receivable in respect of the company's properties.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the statement of income and retained earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the statement of income and retained earnings.

Vigo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

1	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of retained earnings over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3	Investment properties

	2024 £
At 1 April 2022	2,630,515
At 31 March 2023	2,630,515

4

Debtors

Current	2024 £	2023 £
Trade debtors	12,500	12,500
Other debtors	2,043	2,043
	14,543	14,543

Vigo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Creditors

	2024 £	2023 £
Due within one year
Loans and borrowings	2,529,242	2,529,242
Trade creditors	53,236	53,236
Taxation and social security	19,942	19,942
Accruals and deferred income	1,689	1,689
	2,604,109	2,604,109