Company Registration No. 04616047 (England and Wales)
Vine St Development Ltd
Unaudited accounts
for the year ended 31 March 2025
Vine St Development Ltd
Unaudited accounts
Contents
Vine St Development Ltd
Company Information
for the year ended 31 March 2025
Director
Mr Jamsheed Kamali
Company Number
04616047 (England and Wales)
Registered Office
43a Bury New Road
Prestwich
Manchester
M25 9JY
United Kingdom
Vine St Development Ltd
Statement of financial position
as at 31 March 2025
Investment property
1,604,766
1,604,766
Cash at bank and in hand
36,071
23,712
Creditors: amounts falling due within one year
(2,163,200)
(2,195,035)
Net current liabilities
(2,127,129)
(2,171,323)
Total assets less current liabilities
(521,876)
(565,984)
Creditors: amounts falling due after more than one year
(833)
(5,833)
Provisions for liabilities
Deferred tax
(41,868)
(41,868)
Net liabilities
(564,577)
(613,685)
Called up share capital
40
40
Fair value reserve
178,491
178,491
Profit and loss account
(743,108)
(792,216)
Shareholders' funds
(564,577)
(613,685)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2025 and were signed on its behalf by
Mr Jamsheed Kamali
Director
Company Registration No. 04616047
Vine St Development Ltd
Notes to the Accounts
for the year ended 31 March 2025
Vine St Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 04616047. The registered office is 43a Bury New Road, Prestwich, Manchester, M25 9JY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
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.
Vine St Development Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
1,389
2,283
3,672
At 31 March 2025
1,389
2,283
3,672
At 1 April 2024
1,311
1,788
3,099
Charge for the year
12
74
86
At 31 March 2025
1,323
1,862
3,185
At 31 March 2025
66
421
487
At 31 March 2024
78
495
573
Fair value at 1 April 2024
1,604,766
At 31 March 2025
1,604,766
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,043,500
1,043,500
Amounts owed to group undertakings and other participating interests
322,569
322,569
Loans from directors
783,212
817,902
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 1 (2024: 2).