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Registration number: 12103969

VP Property Services Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 July 2025

VP Property Services Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 6

VP Property Services Limited

Company Information

Directors | J Palram N C Palram

Registered office | Suite 1B1 Argyle House Northside Joel Street Northwood Hills HA6 1NW

VP Property Services Limited

(Registration number: 12103969)
Abridged Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 822 | 1,643
Investment property |  | 3,135,000 | 3,063,000
|  | 3,135,822 | 3,064,643
Current assets |  |  |
Debtors |  | 1,630 | 4,281
Cash at bank and in hand |  | 10,255 | 7,279
|  | 11,885 | 11,560
Creditors: Amounts falling due within one year |  | (2,086,311) | (1,921,960)
Net current liabilities |  | (2,074,426) | (1,910,400)
Net assets |  | 1,061,396 | 1,154,243
Capital and reserves |  |  |
Called up share capital |  | 103 | 103
Share premium reserve |  | 649,975 | 649,975
Other reserves |  | 661,592 | 711,382
Profit and loss account |  | (250,274) | (207,217)
Shareholders' funds |  | 1,061,396 | 1,154,243

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

VP Property Services Limited

(Registration number: 12103969)
Abridged Balance Sheet as at 31 July 2025

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:

......................................... J Palram Director |  |

VP Property Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33.3% straight line basis

VP Property Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

3 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 August 2024 | 5,161 | 5,161
At 31 July 2025 | 5,161 | 5,161
Depreciation
At 1 August 2024 | 3,518 | 3,518
Charge for the year | 821 | 821
At 31 July 2025 | 4,339 | 4,339
Carrying amount
At 31 July 2025 | 822 | 822
At 31 July 2024 | 1,643 | 1,643

Investment properties

| 2025 £
At 1 August | 3,063,000
Additions | 121,790
Fair value adjustments | (49,790)
At 31 July | 3,135,000

VP Property Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

4 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 103 | 103 | 103 | 103