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Company Registration No. 13500390 (England and Wales)
Vancouver Properties Ltd Filleted unaudited accounts for the year ended 31 July 2025
Vancouver Properties Ltd Filleted unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Vancouver Properties Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
14,313
3,392
Investment property
5
6,474,216
6,474,216
6,488,529
6,477,608
Current assets
Debtors
6
2,714
2,534
Cash at bank and in hand
13,326
13,342
16,040
15,876
Creditors: amounts falling due within one year
7
(54,921)
(17,446)
Net current liabilities
(38,881)
(1,570)
Total assets less current liabilities
6,449,648
6,476,038
Creditors: amounts falling due after more than one year
8
(6,248,587)
(6,342,964)
Net assets
201,061
133,074
Capital and reserves
Called up share capital
1
1
Profit and loss account
201,060
133,073
Shareholders' funds
201,061
133,074
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 30 April 2026 and were signed on its behalf by
Manal Ahmed M Naghi Director Company Registration No. 13500390
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Vancouver Properties Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Vancouver Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13500390. The registered office is 5th Floor, 167-169 Great Portland Street, London, W1W 5PF, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The key assumptions and other sources of estimation uncertainty that have a significant impact on the amounts recognised in the financial statements are set out below. The company exercises judgement to determine useful lives and residual values of property, plant and equipment. Tangible fixed assets are depreciated to their estimated residual values over their estimated useful lives. The valuation of the company's investment property is inherently subjective due to, among other factors, the nature of the property, its location and the expected future rental revenues from that particular property. As a result, the valuation the company places on its investment property is subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of volatility or low transaction flow in the property market.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover represents rents receivable from letting of investment property.
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
- 25% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the income statement.
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Vancouver Properties Ltd Notes to the Accounts for the year ended 31 July 2025
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. Basic financial instruments are recognised at amortised cost, with changes recognised in the statement of income.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
- 5 -
Vancouver Properties Ltd Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 August 2024
11,338
Additions
18,342
At 31 July 2025
29,680
Depreciation
At 1 August 2024
7,946
Charge for the year
7,421
At 31 July 2025
15,367
Net book value
At 31 July 2025
14,313
At 31 July 2024
3,392
5
Investment property
2025
£
Fair value at 1 August 2024
6,474,216
At 31 July 2025
6,474,216
The director has reviewed the value of the investment property at the balance sheet date, with reference to the fair value and considers the value to be same as the cost.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
2,714
2,534
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
18,024
16,231
Accruals
5,082
1,215
Deferred income
31,815
-
54,921
17,446
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
6,248,587
6,342,964
9
Transactions with related parties
Included in creditors due after more than one is a loan of £6,248,587 (2024: £6,342,964) from the director. This loan is interest-free and has no fixed repayment term.
- 6 -
Vancouver Properties Ltd Notes to the Accounts for the year ended 31 July 2025
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 7 -