VIP Investments (Tunbridge Wells) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14120914 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

VIP Investments (Tunbridge Wells) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W D T Andrews

REGISTERED OFFICE:

Unit 7 Invicta Park

New Hythe Lane

Larkfield

Aylesford

Kent

ME20 7FG

REGISTERED NUMBER:

14120914 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Tangible assets

5

284,946

1,165,734

Investment property

6

2,197,254

1,238,039

2,482,200

2,403,773

CURRENT ASSETS

Debtors

7

425,054

234,681

Cash at bank

220,010

3,091

645,064

237,772

CREDITORS

Amounts falling due within one year

8

2,771,213

2,646,634

NET CURRENT LIABILITIES

(2,126,149

)

(2,408,862

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

356,051

(5,089

)

PROVISIONS FOR LIABILITIES

23,310

13,432

NET ASSETS/(LIABILITIES)

332,741

(18,521

)

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

332,737

(18,525

)

332,741

(18,521

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2025 and were signed by:

W D T Andrews - Director

1.	STATUTORY INFORMATION

VIP Investments (Tunbridge Wells) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the going concern basis assuming the continued support of its director and related companies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Investment property

The investment properties are stated at cost, which is a departure from FRS 102. The directors consider that there is inevitably a degree of judgement in valuing properties of this nature. This can only be reliably measured when tested in the market itself as there is an absence of local market evidence. For this reason the directors consider the adoption of the cost model as the best method to provide a reliable measure and to provide true and fair view for the financial statements.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

COST

At 1 April 2024

959,215

378,050

1,337,265

Additions

-

60,953

Reclassification/transfer

(959,215

)

-

(959,215

)

At 31 March 2025

-

439,003

DEPRECIATION

At 1 April 2024

95,921

75,610

171,531

Charge for year

-

78,447

Charge written back

(95,921

)

-

(95,921

)

At 31 March 2025

-

154,057

NET BOOK VALUE

At 31 March 2025

-

284,946

At 31 March 2024

863,294

302,440

1,165,734

6.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

1,238,039

Reclassification/transfer

959,215

At 31 March 2025

2,197,254

NET BOOK VALUE

At 31 March 2025

2,197,254

At 31 March 2024

1,238,039

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

425,054

234,681

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

2,148

1,391

Taxation and social security

69,999

-

Other creditors

2,699,066

2,645,243

2,771,213

2,646,634