Company registration number 12030896 (England and Wales)
V & V PROPERTY AND INVESTMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
V & V PROPERTY AND INVESTMENTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
V & V PROPERTY AND INVESTMENTS LTD
BALANCE SHEET
AS AT 31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,046
10,366
Investment property
4
1,310,000
1,438,505
Investments
5
8,470
8,470
1,330,516
1,457,341
Current assets
Debtors
6
4,920
958
Cash at bank and in hand
34,447
19,988
39,367
20,946
Creditors: amounts falling due within one year
7
(805,734)
(607,871)
Net current liabilities
(766,367)
(586,925)
Total assets less current liabilities
564,149
870,416
Creditors: amounts falling due after more than one year
8
(500,000)
(706,400)
Provisions for liabilities
(9,661)
(38,902)
Net assets
54,488
125,114
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
9
16,361
112,740
Distributable profit and loss reserves
38,027
12,274
Total equity
54,488
125,114
V & V PROPERTY AND INVESTMENTS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 March 2026 and are signed on its behalf by:
Mr P Keeling
Mrs B K Keeling
Director
Director
Company registration number 12030896 (England and Wales)
V & V PROPERTY AND INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

V & V Property and Investments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Donnithornes, Mill Street, Ottery St Mary, EX11 1AF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue consists of letting income from tenants before fees or commissions are deducted. Revenue is recognised on the accruals basis and is adjusted for amounts received in advance or in arrears.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Fixtures and fittings
15% Reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

V & V PROPERTY AND INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
V & V PROPERTY AND INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2024
13,689
Additions
3,344
At 31 August 2025
17,033
Depreciation and impairment
At 1 September 2024
3,323
Depreciation charged in the year
1,664
At 31 August 2025
4,987
Carrying amount
At 31 August 2025
12,046
At 31 August 2024
10,366
4
Investment property
2025
£
Fair value
At 1 September 2024
1,438,505
Revaluations
(128,505)
At 31 August 2025
1,310,000

Investment property comprises of three properties for letting. The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
8,470
8,470
V & V PROPERTY AND INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,887
-
0
Other debtors
2,033
958
4,920
958
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
206,400
-
0
Taxation and social security
4,034
-
0
Other creditors
595,300
607,871
805,734
607,871

Loans to the value of £206,400 (202 4: £0) are secured by fixed and floating charges over the assets owned by the company.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
500,000
706,400

Loans to the value of £500,000 (202 4: £706,400) are secured by fixed and floating charges over the assets owned by the company.

9
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
112,740
137,901
Non distributable profits in the year
(96,379)
(25,161)
At the end of the year
16,361
112,740

The non-distributable profits relate to property revaluations less related deferred tax.

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