Registration number: 07815417

Vantage Point Property Management Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Vantage Point Property Management Ltd

Company Information

Directors

D W J Lee Mrs D Lee

Registered office

Vantage Point North Trade Road Battle East Sussex TN33 9LJ

Accountants

Manningtons Chartered Accountants 39 High Street Battle East Sussex TN33 0EE

Vantage Point Property Management Ltd

(Registration number: 07815417)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	687,307	688,289
Current assets
Debtors	5	134,127	80,947
Cash at bank and in hand		14,121	37,733
		148,248	118,680
Creditors: Amounts falling due within one year	6	(584,546)	(561,329)
Net current liabilities		(436,298)	(442,649)
Total assets less current liabilities		251,009	245,640
Creditors: Amounts falling due after more than one year	6	(62,214)	(79,437)
Net assets		188,795	166,203
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		187,795	165,203
Shareholders' funds		188,795	166,203

For the financial 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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 June 2024 and signed on its behalf by:
 

......................................... Mrs D Lee Director

Vantage Point Property Management Ltd

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Vantage Point
North Trade Road
Battle
East Sussex
TN33 9LJ
England

2	Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis. The directors have confirmed that they will meet the liabilities of the company as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Vantage Point Property Management Ltd

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	No depreciation is provided on the freehold property as its residual value is estimated to be in excess of its historic cost.
Plant and machinery	33.33% straight line
Computer equipment	33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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 profit and loss account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Vantage Point Property Management Ltd

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Vantage Point Property Management Ltd

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

4	Tangible assets

	Land and buildings £	Computer equipment  £	Other property, plant and equipment £	Total £
Cost or valuation
At 1 January 2024	686,046	2,786	39,054	727,886
At 31 December 2024	686,046	2,786	39,054	727,886
Depreciation
At 1 January 2024	-	1,968	37,629	39,597
Charge for the year	-	324	658	982
At 31 December 2024	-	2,292	38,287	40,579
Carrying amount
At 31 December 2024	686,046	494	767	687,307
At 31 December 2023	686,046	818	1,425	688,289

Included within the net book value of land and buildings above is £686,046 (2023 - £686,046) in respect of freehold land and buildings.
 

5

Debtors

	Note	2024 £	2023 £
Trade debtors		65,795	53,833
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8	64,000	25,000
Taxation and social security		2,659	778
Prepayments		1,673	1,336
		134,127	80,947

 

 

Vantage Point Property Management Ltd

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

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	7	15,239	12,073
Trade creditors		2,231	2,944
Accruals and deferred income		1,184	930
Other creditors		9,082	6,495
Director loan account		556,810	538,887
		584,546	561,329

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	62,214	79,437

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	62,214	79,437

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	15,239	12,073

 

Vantage Point Property Management Ltd

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

Bank borrowings

Bank borrowings is denominated in sterling with a nominal interest rate of 4.03%, and the final instalment is due on 8 April 2029. The carrying amount at year end is £77,453 (2023 - £91,510). The bank loan is secured by a fixed and floating charge over all assets, including a composite company guarantee given by Vantage Point Property Management Ltd and SolarUK Limited to secure the liabilities of each other.

8	Related party transactions

Summary of transactions with parent

During the year rent was paid by Beechdown Group Limited and various costs were incurred during the year.

At the balance sheet date there was a trade debtor balance outstanding of £Nil (2023: £296), there was trade creditors of £163 (2023: £Nil).
The net amount due from Vantage is £163, The net due from Beechwood is (2023: £296).
 

Summary of transactions with entities with joint control or significant interest

SolarUK Limited
(being part of the Beechdown Group Ltd, owned by D Lee and Mrs D Lee)

 At the balance sheet date there was a trade debtor balance outstanding of £55,716 (2023: £49,576); and no trade creditors. The net amount due from SolarUK Ltd was £55,716 (2023: £49,576).

These amounts remain in trade debtors and trade creditors respectively and are not included in the inter-company loan balance shown below.

There are also the following loans:
 

Vantage Point Property Management Ltd

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

Loans to related parties

2024	Entities with joint control or significant influence £	Total £
At start of period	(25,000)	(25,000)
Advanced	(39,000)	(39,000)
At end of period	(64,000)	(64,000)

2023	Entities with joint control or significant influence £	Total £
At start of period	(37,485)	(37,485)
Repaid	12,485	12,485
At end of period	(25,000)	(25,000)

9	Parent and ultimate parent undertaking

The company's immediate parent is Beechdown Group Ltd, incorporated in England and Wales.

 The ultimate controlling party is the directors who own 100% of the shares in the parent.