ACCOUNTS - Final Accounts preparation

Registered number: 15453245

V & K (FLAT 9 FORTIS GREEN) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

V & K (FLAT 9 FORTIS GREEN) LIMITED

REGISTERED NUMBER: 15453245

BALANCE SHEET

AS AT 31 JANUARY 2025

	2025	2025
Note	£	£

Fixed assets
Investment property			755,593
Current assets
Debtors: amounts falling due within one year	5	31,060
Cash at bank and in hand	6	521
		31,581
Creditors: amounts falling due within one year	7	(211,932)
Net current (liabilities)/assets			(180,351)
Total assets less current liabilities			575,242
Creditors: amounts falling due after more than one year	8		(587,778)
Net (liabilities)/assets			(12,536)

Capital and reserves
Called up share capital	10	1
Profit and loss account		(12,537)
		(12,536)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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V & K (FLAT 9 FORTIS GREEN) LIMITED

REGISTERED NUMBER: 15453245

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2025.

P E Summers

Director

The notes on pages 3 to 6 form part of these financial statements.

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V & K (FLAT 9 FORTIS GREEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

1.	General information

V&K (Flat 9 Fortis Green) Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 62 Salisbury Road, Walmer, Deal, England, CT14 7QJ.
The principal activity of the company is other letting and operating of own or leased real estate.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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V & K (FLAT 9 FORTIS GREEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value determined annually by the directors or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2.

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V & K (FLAT 9 FORTIS GREEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	Additions at cost	755,593
	At 31 January 2025	755,593

The property was acquired in July 2024. in the opinion of the director, the value of the property has not materially changed in the period.

	If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
					2025
					£

Historic cost

755,593

Debtors

					2025
					£


	Other debtors	6,338
	Prepayments and accrued income	24,722
		31,060

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	521

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V & K (FLAT 9 FORTIS GREEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

7.	Creditors: Amounts falling due within one year
		2025
		£

	Amounts owed to group undertakings	182,176
	Other creditors	3,346
	Accruals and deferred income	26,410
		211,932

8.	Creditors: Amounts falling due after more than one year
		2025
		£

	Bank loans	587,778

The bank loan is secured against the investment property held within the Company.

9.	Loans
	Analysis of the maturity of loans is given below:
		2025
		£




	Amounts falling due after more than 5 years
	Bank loans	587,778

10.	Share capital
		2025
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00	1

During the year, 1 Ordinary share were issued at £1 per share each.

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