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Company Registration No. 10619666 (England and Wales)
VCG PROPERTY LIMITED Unaudited accounts for the year ended 28 February 2025
VCG PROPERTY LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
VCG PROPERTY LIMITED Company Information for the year ended 28 February 2025
Directors
Victoria Clare Grant Pickford Joshua James Pickford
Company Number
10619666 (England and Wales)
Registered Office
Old Coach House Bulls Lane Salisbury Wiltshire SP5 5DJ England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
VCG PROPERTY LIMITED Accountants' report
Accountants' report to the board of directors of VCG PROPERTY LIMITED on the preparation of the unaudited statutory accounts for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VCG PROPERTY LIMITED for the year ended 28 February 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of VCG PROPERTY LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of VCG PROPERTY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VCG PROPERTY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that VCG PROPERTY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of VCG PROPERTY LIMITED. You consider that VCG PROPERTY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of VCG PROPERTY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 15 August 2025
- 4 -
VCG PROPERTY LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
406,115
406,115
Investment property
5
305,246
305,246
711,361
711,361
Current assets
Cash at bank and in hand
3,678
4,563
Creditors: amounts falling due within one year
6
(200,632)
(233,660)
Net current liabilities
(196,954)
(229,097)
Total assets less current liabilities
514,407
482,264
Creditors: amounts falling due after more than one year
7
(405,698)
(406,716)
Provisions for liabilities
Deferred tax
8
(4,006)
(4,006)
Net assets
104,703
71,542
Capital and reserves
Called up share capital
10
10
Revaluation reserve
12,021
12,021
Profit and loss account
92,672
59,511
Shareholders' funds
104,703
71,542
For the year ending 28 February 2025 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 23 September 2025 and were signed on its behalf by
Joshua James Pickford Director Company Registration No. 10619666
- 5 -
VCG PROPERTY LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
VCG PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10619666. The registered office is Old Coach House, Bulls Lane, Salisbury, Wiltshire, SP5 5DJ, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 20% and 25% on cost
Deferred taxation
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 accounts. 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.
- 6 -
VCG PROPERTY LIMITED Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
406,114
42,199
448,313
At 28 February 2025
406,114
42,199
448,313
Depreciation
At 1 March 2024
-
42,198
42,198
At 28 February 2025
-
42,198
42,198
Net book value
At 28 February 2025
406,114
1
406,115
At 29 February 2024
406,114
1
406,115
5
Investment property
2025
£
Fair value at 1 March 2024
305,246
At 28 February 2025
305,246
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
8,088
6,115
Loans from directors
192,052
227,125
Accruals
492
420
200,632
233,660
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
405,698
406,716
Aggregate of amounts that fall due for payment after five years
405,698
406,716
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
8
Deferred taxation
2025
2024
£
£
Revaluation of investment property
4,006
4,006
2025
2024
£
£
Provision at start of year
4,006
-
Charged to the profit and loss account
-
4,006
Provision at end of year
4,006
4,006
- 7 -
VCG PROPERTY LIMITED Notes to the Accounts for the year ended 28 February 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 8 -