REGISTERED NUMBER: 09291638 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

VR PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Sanjeev Kumar

REGISTERED OFFICE:

39 Lysways Street

Walsall

West Midlands

WS1 3AG

REGISTERED NUMBER:

09291638 (England and Wales)

ACCOUNTANTS:

Ark&Co Ltd

Chartered Accountants & Chartered Tax Advisers

The Maltings

2 Anderson Rd

Bearwood

Birmingham

West Midlands

B66 4AR

FIXED ASSETS

Tangible assets

4

39,213

51,752

Investment property

5

6,900,745

4,913,645

6,939,958

4,965,397

CURRENT ASSETS

Debtors

6

1,801,325

1,762,051

Cash at bank

17,031

63,882

1,818,356

1,825,933

CREDITORS

Amounts falling due within one year

7

5,883

2,141

NET CURRENT ASSETS

1,812,473

1,823,792

TOTAL ASSETS LESS CURRENT LIABILITIES

8,752,431

6,789,189

CREDITORS

Amounts falling due after more than one year

8

(6,292,996

)

(5,708,315

)

PROVISIONS FOR LIABILITIES

9

(619,665

)

(89,660

)

NET ASSETS

1,839,770

991,214

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

1,829,585

1,006,292

Retained earnings

10,184

(15,079

)

SHAREHOLDERS' FUNDS

1,839,770

991,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 September 2025 and were signed by:

Mr Sanjeev Kumar - Director

1.	STATUTORY INFORMATION

VR Property 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

15% on reducing balance

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2024

and 31 May 2025

144,475

DEPRECIATION

At 1 June 2024

92,723

Charge for year

12,539

At 31 May 2025

105,262

NET BOOK VALUE

At 31 May 2025

39,213

At 31 May 2024

51,752

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

4,913,645

Additions

457,245

Reclassification

1,529,855

At 31 May 2025

6,900,745

NET BOOK VALUE

At 31 May 2025

6,900,745

At 31 May 2024

4,913,645

Fair value at 31 May 2025 is represented by:

£

Valuation in 2015

351,010

Valuation in 2021

558,582

Valuation in 2025

1,529,855

Cost

4,461,298

6,900,745

6.

DEBTORS

31.5.25

31.5.24

£

£

Amounts falling due within one year:

Trade debtors

1,340

(3,711

)

Other debtors

40,000

-

Prepayments

2,550

9,827

43,890

6,116

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,757,435

1,755,935

Aggregate amounts

1,801,325

1,762,051

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

4,826

-

Trade creditors

(1

)

1,811

Other creditors

716

-

Accrued expenses

342

330

5,883

2,141

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hampshire Loan

4,615,725

4,616,775

Hampshire Loan 2

857,965

-

Amounts owed to group undertakings

819,306

1,091,540

6,292,996

5,708,315

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Hampshire Loan

4,615,725

4,616,775

Hampshire Loan 2

857,965

-

5,473,690

4,616,775

9.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

619,665

89,660

Deferred

tax

£

Balance at 1 June 2024

89,660

Provided during year

530,005

Balance at 31 May 2025

619,665

10.	RELATED PARTY DISCLOSURES

The Following companies are related to VR Property Ltd:

Related party

Relationship

VR Investment Group Ltd

Immediate parent

VR Estates Ltd

Entity under common control/ownership

VR Investments Limited

Entity under common control/ownership

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is VR Investment Group Ltd, 39 Lysways Street, Walsall, England, WS1 3AG.

VR Property Ltd is wholly owned subsidiary of VR Investment Group Ltd, a company whose registered office is at 39 Lysways Street, Walsall, England, WS1 3AG.