REGISTERED NUMBER: 11465494 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

VAT PRACTITIONERS GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R S Plumbly

Mrs R M Porter

Mrs B B E F Croenen

Mr E K W Wong

Mr N A Owen

SECRETARY:

Mrs H Bevan

REGISTERED OFFICE:

Business Central

2 Union Square

Central Park

Darlington

Co. Durham

DL1 1GL

REGISTERED NUMBER:

11465494 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jemma Hoggard FCA

AUDITORS:

Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

FIXED ASSETS

Investments

4

67,609

62,576

CURRENT ASSETS

Debtors

5

2,834

1,310

Cash at bank and in hand

25,701

24,074

28,535

25,384

CREDITORS

Amounts falling due within one year

6

5,919

8,126

NET CURRENT ASSETS

22,616

17,258

TOTAL ASSETS LESS CURRENT LIABILITIES

90,225

79,834

RESERVES

Income and expenditure account

90,225

79,834

90,225

79,834

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

Mrs B B E F Croenen - Director

1.	STATUTORY INFORMATION

VAT Practitioners Group Limited is a private company, limited by guarantee , 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.

Turnover

Turnover is measured at the fair value of the consideration receivable from members subscriptions and annual conference attendance.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed asset investments

Fixed asset investments relate to listed investments and are included in the accounts at fair value as valued by Skipton Building Society.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2024

62,576

Revaluations

5,033

At 30 September 2025

67,609

NET BOOK VALUE

At 30 September 2025

67,609

At 30 September 2024

62,576

Cost or valuation at 30 September 2025 is represented by:

Other

investments

£

Valuation in 2025

67,609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

768

521

Other debtors

2,066

789

2,834

1,310

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,244

2,800

Other creditors

3,675

5,326

5,919

8,126

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jemma Hoggard FCA (Senior Statutory Auditor)

for and on behalf of Baines Jewitt Limited

8.	LIMITED BY GUARANTEE

The company is limited by guarantee as defined in the Companies Act 2006. The liability of the members is limited. Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it is wound up while they are a member or within one year after to ceasing to be a member,for payment of the company's debts and liabilities contracted before they cease to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributions amongst themselves.