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Company Registration No. SC512498 (Scotland)
Vitota Property Management Limited Unaudited accounts for the year ended 31 August 2025
Vitota Property Management Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Vitota Property Management Limited Company Information for the year ended 31 August 2025
Director
Victoria Mei Yi Lau
Company Number
SC512498 (Scotland)
Registered Office
5 South Charlotte Street Edinburgh EH2 4AN Scotland
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Vitota Property Management Limited Accountants' report
Accountants' report to the director of Vitota Property Management Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vitota Property Management Limited for the year ended 31 August 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Vitota Property Management Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Vitota Property Management Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vitota Property Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Vitota Property Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vitota Property Management Limited. You consider that Vitota Property Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Vitota Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 28 April 2026
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Vitota Property Management Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
552
875
Investment property
5
125,000
120,000
125,552
120,875
Current assets
Debtors
6
1,330
1,330
Cash at bank and in hand
28,038
32,397
29,368
33,727
Creditors: amounts falling due within one year
7
(22,104)
(24,055)
Net current assets
7,264
9,672
Total assets less current liabilities
132,816
130,547
Creditors: amounts falling due after more than one year
8
(66,250)
(69,250)
Provisions for liabilities
Deferred tax
9
(9,025)
(7,775)
Net assets
57,541
53,522
Capital and reserves
Called up share capital
100
100
Revaluation reserve
27,076
23,326
Profit and loss account
30,365
30,096
Shareholders' funds
57,541
53,522
For the year ending 31 August 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 12 May 2026 and were signed on its behalf by
Victoria Mei Yi Lau Director Company Registration No. SC512498
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Vitota Property Management Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Vitota Property Management Limited is a private company, limited by shares, registered in Scotland, registration number SC512498. The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN, Scotland.
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.
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
Between 25% and 33% on cost
Computer equipment
33% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Vitota Property Management Limited Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
4,851
1,967
6,818
At 31 August 2025
4,851
1,967
6,818
Depreciation
At 1 September 2024
4,851
1,092
5,943
Charge for the year
-
323
323
At 31 August 2025
4,851
1,415
6,266
Net book value
At 31 August 2025
-
552
552
At 31 August 2024
-
875
875
5
Investment property
2025
£
Fair value at 1 September 2024
120,000
Net gain from fair value adjustments
5,000
At 31 August 2025
125,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
1,330
1,330
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
256
3,206
Other creditors
1,330
1,330
Loans from directors
19,738
18,739
Accruals
780
780
22,104
24,055
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
66,250
69,250
Aggregate of amounts that fall due for payment after five years
64,000
64,000
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
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Vitota Property Management Limited Notes to the Accounts for the year ended 31 August 2025
9
Deferred taxation
2025
2024
£
£
Revaluation of investment property
9,025
7,775
2025
2024
£
£
Provision at start of year
7,775
7,775
Charged to the profit and loss account
1,250
-
Provision at end of year
9,025
7,775
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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