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Registration number: 12726512

VN Property Management Ltd
Unaudited Financial Statements
for the Year Ended 31 March 2025

VN Property Management Ltd

(Registration number: 12726512)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 3 | 630,481 | 630,481
Current assets |  |  |
Cash at bank and in hand |  | 21,656 | 17,624
Creditors: Amounts falling due within one year | 4 | (146,839) | (146,839)
Net current liabilities |  | (125,183) | (129,215)
Total assets less current liabilities |  | 505,298 | 501,266
Creditors: Amounts falling due after more than one year | 4 | (452,984) | (452,984)
Provisions for liabilities |  | (19,000) | (19,000)
Net assets |  | 33,314 | 29,282
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 57,000 | 57,000
Retained earnings |  | (23,786) | (27,818)
Shareholders' funds |  | 33,314 | 29,282

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 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' 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 Board on 30 October 2025 and signed on its behalf by:

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

M C Savage

Director

VN Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | Accounting policies

VN Property Management Ltd is a private company, limited by shares, domiciled in England and Wales, company number 12726512. The registered office is at 4 Chatsworth Gardens, Edenthorpe, Doncaster, DN3 2DU.

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.

Revenue recognition

Turnover represents the invoiced value of rents received during the year.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 profit or loss.

VN Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (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 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.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

3 | Investment properties

| 2025 £
At 1 April | 630,481
At 31 March | 630,481

The properties have been valued on an open market basis by the directors as at 31 March 2024.

4 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Accruals and deferred income | 600 | 600
Other creditors | 146,239 | 146,239
| 146,839 | 146,839

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Loans and borrowings | 452,984 | 452,984

Borrowings are secured against the properties to which they relate.