REGISTERED NUMBER: 10731676 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

VAPS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Patel

REGISTERED OFFICE:

Argyle House

Joel Street

Northwood

Middlesex

HA6 1NW

REGISTERED NUMBER:

10731676 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Tangible assets

4

8,204

10,939

Investment property

5

3,606,502

3,510,201

3,614,706

3,521,140

CURRENT ASSETS

Debtors

6

172,280

192,567

Cash at bank

79,619

85,876

251,899

278,443

CREDITORS

Amounts falling due within one year

7

224,518

1,512,064

NET CURRENT ASSETS/(LIABILITIES)

27,381

(1,233,621

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,642,087

2,287,519

CREDITORS

Amounts falling due after more than one year

8

2,571,145

1,732,960

NET ASSETS

1,070,942

554,559

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

827,650

523,606

Retained earnings

242,292

29,953

1,070,942

554,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 April 2026 and were signed by:

S Patel - Director

1.	STATUTORY INFORMATION

VAPS 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

18,231

DEPRECIATION

At 1 May 2024

7,292

Charge for year

2,735

At 30 April 2025

10,027

NET BOOK VALUE

At 30 April 2025

8,204

At 30 April 2024

10,939

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

3,510,201

Additions

474,933

Disposals

(682,676

)

Revaluations

304,044

At 30 April 2025

3,606,502

NET BOOK VALUE

At 30 April 2025

3,606,502

At 30 April 2024

3,510,201

Fair value at 30 April 2025 is represented by:

£

Valuation in 2025

304,044

Valuation in 2023

353,324

Valuation in 2022

5,000

Valuation in 2021

45,000

Valuation in 2020

37,690

Valuation in 2019

82,592

Cost

2,778,852

3,606,502

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

3,900

13,406

Amounts owed by group undertakings

157,914

-

Other debtors

10,466

179,161

172,280

192,567

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

5,514

6,515

Trade creditors

8,807

-

Taxation and social security

5,049

39,814

Other creditors

205,148

1,465,735

224,518

1,512,064

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

22,516

27,029

Other creditors

2,548,629

1,705,931

2,571,145

1,732,960

9.

RESERVES

Revaluation

reserve

£

At 1 May 2024

523,606

Revaluation during the year

304,044

At 30 April 2025

827,650