REGISTERED NUMBER: 08755823 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

VAS PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs T Vasiliou

Mr N A Vasiliou

Miss A Vasiliou

Mr A Vasiliou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

08755823 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Intangible assets

4

19,250

38,500

Tangible assets

5

315,510

316,678

Investment property

6

1,211,449

1,211,449

1,546,209

1,566,627

CURRENT ASSETS

Stocks

7

4,595

4,579

Debtors

8

12,193

13,597

Cash at bank and in hand

275,104

148,850

291,892

167,026

CREDITORS

Amounts falling due within one year

9

262,436

281,345

NET CURRENT ASSETS/(LIABILITIES)

29,456

(114,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,575,665

1,452,308

CREDITORS

Amounts falling due after more than one year

10

(384,627

)

(418,953

)

PROVISIONS FOR LIABILITIES

12

(33,272

)

(33,272

)

NET ASSETS

1,157,766

1,000,083

CAPITAL AND RESERVES

Called up share capital

13

100

100

Fair value reserve

164,656

164,656

Retained earnings

993,010

835,327

SHAREHOLDERS' FUNDS

1,157,766

1,000,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

Mr N A Vasiliou - Director

1.	STATUTORY INFORMATION

Vas Properties Limited 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.

Turnover

Turnover represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 15 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

192,500

AMORTISATION

At 1 November 2024

154,000

Amortisation for year

19,250

At 31 October 2025

173,250

NET BOOK VALUE

At 31 October 2025

19,250

At 31 October 2024

38,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

308,643

8,174

25,855

2,869

345,541

Additions

-

1,120

-

-

1,120

At 31 October 2025

308,643

9,294

25,855

2,869

346,661

DEPRECIATION

At 1 November 2024

-

4,598

22,270

1,995

28,863

Charge for year

-

1,174

896

218

2,288

At 31 October 2025

-

5,772

23,166

2,213

31,151

NET BOOK VALUE

At 31 October 2025

308,643

3,522

2,689

656

315,510

At 31 October 2024

308,643

3,576

3,585

874

316,678

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

1,211,449

NET BOOK VALUE

At 31 October 2025

1,211,449

At 31 October 2024

1,211,449

Fair value at 31 October 2025 is represented by:

£

Valuation in 2017

197,928

Cost

1,013,521

1,211,449

7.

STOCKS

31.10.25

31.10.24

£

£

Stocks

4,595

4,579

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

4,373

5,110

Other debtors

3,700

3,700

Prepayments and accrued income

4,120

4,787

12,193

13,597

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts (see note 11)

76,758

78,799

Trade creditors

12,335

21,974

Tax

59,112

47,116

Social security and other taxes

659

723

Pension

180

177

VAT

27,024

30,025

Other creditors

3,115

3,765

Directors' current accounts

67,623

83,145

Deferred income

10,125

10,125

Accrued expenses

5,505

5,496

262,436

281,345

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans (see note 11)

384,627

418,953

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

76,921

103,306

11.

LOANS

An analysis of the maturity of loans is given below:

31.10.25

31.10.24

£

£

Amounts falling due within one year or on demand:

Bank loans

76,758

78,799

Amounts falling due between one and two years:

Bank loans - 1-2 years

76,758

78,799

31.10.25

31.10.24

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

230,948

236,848

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

76,921

103,306

12.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

33,272

33,272

Deferred

tax

£

Balance at 1 November 2024

33,272

Balance at 31 October 2025

33,272

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary shares

£1

100

100