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Company No: 12985688 (England and Wales)

# VILLAGE DEVELOPMENTS N I LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

VILLAGE DEVELOPMENTS N I LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

VILLAGE DEVELOPMENTS N I LTD

## COMPANY INFORMATION

For the financial year ended 31 March 2025
VILLAGE DEVELOPMENTS N I LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | J Raife
| J J Stapleton

REGISTERED OFFICE | Treviot House
| 186-192 High Road
| Ilford
| IG1 1LR
| United Kingdom

COMPANY NUMBER | 12985688 (England and Wales)

ACCOUNTANT | Gravita Essex Limited
| Treviot House
| 186-192 High Road
| Ilford
| Essex
| IG1 1LR
| United Kingdom

VILLAGE DEVELOPMENTS N I LTD

## BALANCE SHEET

As at 31 March 2025
VILLAGE DEVELOPMENTS N I LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 390,676 |  | 387,013
|  | 390,676 |  | 387,013
Current assets |  |  |  |
Debtors | 4 | 8,912 |  | 353
Cash at bank and in hand |  | 839 |  | 1,269
|  | 9,751 |  | 1,622
Creditors: amounts falling due within one year | 5 | ( 451,723) |  | ( 432,292)
Net current liabilities |  | (441,972) |  | (430,670)
Total assets less current liabilities |  | (51,296) |  | (43,657)
Net liabilities |  | ( 51,296) |  | ( 43,657)
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | ( 51,396 ) |  | ( 43,757 )
Total shareholders' deficit |  | ( 51,296) |  | ( 43,657)

For the financial year ending 31 March 2025 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Village Developments N I Ltd (registered number: 12985688) were approved and authorised for issue by the Board of Directors on 02 October 2025. They were signed on its behalf by:

J Raife Director |

VILLAGE DEVELOPMENTS N I LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
VILLAGE DEVELOPMENTS N I LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Village Developments N I Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The balance sheet at the end of the year recorded net liabilities. However, the director believes that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 March 2025 nor for the year ended 31 March 2024.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery etc. | 25 % reducing balance

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 385,664 |  | 3,199 |  | 388,863
Additions | 4,000 |  | 0 |  | 4,000
At 31 March 2025 | 389,664 |  | 3,199 |  | 392,863
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 0 |  | 1,850 |  | 1,850
Charge for the financial year | 0 |  | 337 |  | 337
At 31 March 2025 | 0 |  | 2,187 |  | 2,187
Net book value |  |  |  |  |
At 31 March 2025 | 389,664 |  | 1,012 |  | 390,676
At 31 March 2024 | 385,664 |  | 1,349 |  | 387,013

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 8,912 |  | 353

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 1,835
Amounts owed to related parties | 450,574 |  | 429,324
Other creditors | 1,149 |  | 1,133
| 451,723 |  | 432,292