General Information
Van Paul Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13687406, registration address 8 The Precinct, Main Road, Church Village, Rhondda Cynon Taf , CF38 1SB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with FRS 102 Section 1A.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Investment properties |
|
Total |
| |
£ |
|
£ |
| At 01 November 2024 |
350,000 |
|
350,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 October 2025 |
350,000 |
|
350,000 |
| Depreciation |
| At 01 November 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 October 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 31 October 2025 |
350,000 |
|
350,000 |
| Opening balance as at 01 November 2024 |
350,000 |
|
350,000 |
Included within the net book value of land and buildings above is £350,000 (2024 - £350,000) in respect of freehold land and buildings.
Revaluation
The fair value of the company's freehold property was revalued on 31 October 2025. An independent valuer was not involved.
The directors assessed fair value at 31 October 2025 on an open market value basis and determined that no adjustment was required.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £262,683 (2024 - £262,683).
|
| 4. |
Investments
| Cost |
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
| At 01 November 2024 |
100 |
|
100 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 October 2025 |
100 |
|
100 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
- |
|
7,398 |
|
- |
|
7,398 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
1,020 |
|
- |
| Amounts Owed to Group Undertakings |
270,877 |
|
269,104 |
| Taxation and Social Security |
2,682 |
|
- |
| Other Creditors |
1,532 |
|
1,774 |
|
276,111 |
|
270,878 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
20,389 |
|
(4,815) |
| Charged to Profit & Loss |
1,440 |
|
25,204 |
|
21,829 |
|
20,389 |
Deferred tax has been recognised in respect of the following timing differences:
|
|
2025
£ |
|
2024
£ |
| Taxable losses |
|
- |
|
(1,440) |
| Revaluation of investment properties |
|
21,829 |
|
21,829 |
|
|
21,829 |
|
20,389 |
The movement in the deferred tax charge recognised in the profit and loss account for the year is £1440..
|
| 8. |
Group Share Holdings
The Van Paul Group Ltd owns 100% of the share capital of Dylan Davies Ltd.
|
3
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