| Registered Number:07107897 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
V A Developments Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
V A Developments Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
1,009
1,348
2
3
675,000
675,000
676,009
676,348
| Trade and other receivables |
51
1,143
4
1,739
| Cash and cash equivalents |
3,070
4,213
1,790
| Trade and other payables: amounts falling due within one |
| year |
(252,979)
(237,425)
5
(251,189)
(233,212)
Net current liabilities
| Total assets less current liabilities |
442,797
425,159
(65,779)
(65,586)
| Provisions for liabilities |
377,018
Net assets
359,573
3
3
262,693
262,693
114,322
96,877
377,018
359,573
Shareholders' funds
| For the year ended 31 March 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 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Richard Mark Dhillon Director |
| These financial statements were approved and authorised for issue by the Board on 20 December 2025 and were signed by: |
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For the year ended 31 March 2025
V A Developments Ltd
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 March 2025
V A Developments Ltd
Notes to the Financial Statements
Statutory Information
| V A Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 07107897. |
64 High Street
Pensnett
West Midlands
DY5 4RH
| The presentation currency is £ sterling. |
| This is the currency of the primary economic market in which the entity operates (its functional currency). All amounts |
| in these financial statements have been rounded to the nearest pound unless otherwise stated. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| Even though the company had net current liabilities at the balance sheet date the directors have given assurances to |
| continue to financially support the company for the forseeable future. For this reason the directors believe that |
| preparation of the financial statements on a going concern basis is appropriate. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Furniture and Fittings
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Deferred tax
| Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. 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. |
Financial instruments
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
| as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
| evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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For the year ended 31 March 2025
V A Developments Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
5,624
4,175
1,449
1,449
4,175
5,624
| Provision for depreciation and impairment |
4,276
3,596
680
Charge for year
339
147
192
4,615
3,743
872
577
432
1,009
769
579
1,348
675,000
675,000
675,000
675,000
Investment properties are valued annually at the balance sheet date by the directors of the company.
| 4. Trade and other receivables |
2024
2025
1,143
51
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For the year ended 31 March 2025
V A Developments Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
701
700
| Taxation and social security |
4,217
2,617
232,507
249,662
237,425
252,979
| 6. Directors advances and guarantees |
| At 31 March 2025 the company owed its directors £231,908 (2024 - £248,377). This amount is included in other |
| creditors. |
| 7. Average number of persons employed |
During the year the average number of employees was 0
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