Company No: 00536011 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	Miss L A Burke
	Mrs A C Burke

Registered office	2nd Floor Springfield House
	Springfield Road
	Horsham
	England
	RH12 2RG
	United Kingdom

Company number

00536011 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2026		2025
		£		£
Fixed assets
Investment property	4	1,950,000		1,950,000
		1,950,000		1,950,000
Current assets
Debtors	5	143,725		136,935
Cash at bank and in hand	6	61,992		25,960
		205,717		162,895
Creditors: amounts falling due within one year	7	( 84,570)		( 79,709)
Net current assets		121,147		83,186
Total assets less current liabilities		2,071,147		2,033,186
Provision for liabilities	8	( 169,025)		( 168,025)
Net assets		1,902,122		1,865,161
Capital and reserves
Called-up share capital	9	2,500		2,500
Revaluation reserve		484,600		484,600
Capital redemption reserve		443,274		443,274
Profit and loss account		971,748		934,787
Total shareholders' funds		1,902,122		1,865,161

For the financial year ending 05 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Vacton Properties (South) Limited (registered number: 00536011) were approved and authorised for issue by the Board of Directors on 09 October 2026. They were signed on its behalf by:

Mrs A C Burke Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Vacton Properties (South) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered office number is 00536011. The address of the Company's registered office is 2nd Floor Springfield House, Springfield Road, Horsham, England, RH12 2RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The rental income from operating leases is recognised on a straight-line basis over the lease term.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is carried at fair value determined annually by external valuers or the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Investment properties
The Company has investment property with a value of £1,950,000 (2025 - £1,950,000) at the reporting date. The fair value of investment property has been determined by the directors on an open market value. They have used a valuation technique based on comparable market data. The determined fair value of the investment property is most sensitive to fluctuations in the property market.

Taxation
Provision has been made in the financial statements for deferred tax amounting to £169,025 (2025 - £168,025) at the reporting date. This provision is based upon estimates of the availability of future taxable profits, the timing of the reversal of timing differences upon which the provision is based and the tax rates that will be in force at that time.

3. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Investment property

	Investment property
	£
Valuation
As at 06 April 2025	1,950,000
As at 05 April 2026	1,950,000

Valuation

The 2026 valuations were made by Mrs A C Burke (Director), on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	1,310,988		1,310,988

5. Debtors

	2026		2025
	£		£
Prepayments and accrued income	18,175		16,886
VAT recoverable	1,501		0
Other debtors	124,049		120,049
	143,725		136,935

6. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	61,992		25,960

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to directors	40,000		50,000
Accruals and deferred income	25,500		23,000
Taxation and social security	7,966		6,709
Other creditors	11,104		0
	84,570		79,709

8. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 168,025)		( 217,467)
(Charged)/credited to the Profit and Loss Account	( 1,000)		49,442
At the end of financial year	( 169,025)		( 168,025)

The deferred taxation balance is made up as follows:

	2026		2025
	£		£
Revaluation of investment property	( 154,412)		( 154,412)
Unpaid loan interest	( 14,613)		( 13,613)
	( 169,025)		( 168,025)

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
2,500 Ordinary shares of £ 1.00 each	2,500		2,500

Capital redemption reserve
The Capital redemption reserve is non distributable and was formed on the incorporation of the company in 1954.

Investment property revaluation reserve
The reserve comprises the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

Profit & loss account
The profit and loss account comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10. Related party transactions

The Company made a loan to Mr P Burke (husband of the Director) in 2007 of £50,000 accruing simple interest at 8% per annum.
The balance of the loan together with accrued interest at the year-end was £124,049 (2025 - £120,049) included within other debtors.