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Registered number: 02249424
VICEROY CLOSE LIMITED
ANNUAL REPORT
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2025
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VICEROY CLOSE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VICEROY CLOSE LIMITED
FOR THE YEAR ENDED 30 JUNE 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Viceroy Close Limited for the year ended 30 June 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the Board of Directors of Viceroy Close Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Viceroy Close Limited and state those matters that we have agreed to state to the Board of Directors of Viceroy Close Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Viceroy Close Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Viceroy Close Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Viceroy Close Limited. You consider that Viceroy Close Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Viceroy Close 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 financial statements.
Bennett Whitehouse Limited
1st Floor Waterfont One
Waterfront Business Park
Brierley Hill
DY5 1LX
8 October 2025
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VICEROY CLOSE LIMITED
REGISTERED NUMBER: 02249424
BALANCE SHEET
AS AT 30 JUNE 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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Capital redemption reserve
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VICEROY CLOSE LIMITED
REGISTERED NUMBER: 02249424
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2025
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 year 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.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 October 2025.
The notes on pages 4 to 7 form part of these financial statements.
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VICEROY CLOSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Viceroy Close Limited is a private company, limited by shares, registered in England and Wales, registration number 02249424. The registered office is Brook House, 47 High Street, Henley-in-Arden, B95 5AA.
2.Accounting policies
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Basis of preparation of financial statements
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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:
Tangible assets are included at cost or valuation less depreciation and impairment.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold reversions - Nil
No depreciation has been charged in respect of the freehold reversion as the directors believe that the value of the reversion is not less than the average at which it is stated in the company's accounts.
The company was formed by the residents of Viceroy Close to purchase the freehold thereof with the purposes of managing the freehold and granting long leaseholds (125 years) to residents in order to protect the the capital value and saleability of their individual flats. The excess of proceeds over the valuation attributable to each unextended lease is credited to the profit and loss account.
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.
Investments in shares are included at fair value.
Turnover represents ground rents receivable from the residential lessees and is derived from ordinary activities.
Of the profit and loss reserves shown in the Balance Sheet date of £1,039,887, an amount of £605,378 is non-distributable as it relates to unrealised gains.
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VICEROY CLOSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
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The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
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The company owns the freehold reversion of the Viceroy Close Estate (subject to a lease thereof) consisting of approximately 8 acres of land together with 162 flats, caretaker's house, 87 garages and workshops situated at Viceroy Close, Bristol Road, Birmingham, which it acquired in 1988.
The directors have decided not to revalue the freehold reversion and therefore the value shown on the Balance Sheet is still based upon the fair value at transition. The directors are satisfied that the aggregate value of the freehold reversion is not less than the aggregate amount at which it is stated in the company's accounts and as a result no depreciation has been charged. However, the fair value may be in excess of the amount recorded in the Balance Sheet and therefore the Financial Statements may not show a true and fair view of the company as at the Balance Sheet date.
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VICEROY CLOSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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The investment represents the cost of 100% of the share capital in its subsidiary undertaking Zonebeat Limited. The subsidiary remained dormant throughout the year to 30 June 2025 and the investment is shown at cost in line with the accounting policy of such investments.
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Investment property as at the balance sheet date comprises the properties at 129 and 148 Viceroy Close. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors and their professional advisors.
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Prepayments and accrued income
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VICEROY CLOSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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The provision for deferred taxation is made up as follows:
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Revaluation of investment property
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Allotted, called up and fully paid
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127 (2024 - 127) Ordinary shares of £25.00 each
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