REGISTERED NUMBER: 07596829 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

VIP (WEST SUSSEX) MAINTENANCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Ellis

Mrs S D Ellis

REGISTERED OFFICE:

Almond Beach House

15 Marquis Way

Aldwick

Bognor Regis

West Sussex

PO21 4AT

REGISTERED NUMBER:

07596829 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Investment property

4

1,325,000

1,325,000

CURRENT ASSETS

Debtors

5

158,636

160,475

Cash at bank

3,122

9,301

161,758

169,776

CREDITORS

Amounts falling due within one year

6

271,074

273,936

NET CURRENT LIABILITIES

(109,316

)

(104,160

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,215,684

1,220,840

CREDITORS

Amounts falling due after more than one year

7

(600,000

)

(600,000

)

PROVISIONS FOR LIABILITIES

(139,589

)

(139,589

)

NET ASSETS

476,095

481,251

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

418,765

418,765

Retained earnings

57,230

62,386

476,095

481,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 4 November 2026 and were signed on its behalf by:

Mrs S D Ellis - Director

1.	STATUTORY INFORMATION

VIP (West Sussex) Maintenance Ltd 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.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,325,000

NET BOOK VALUE

At 31 March 2026

1,325,000

At 31 March 2025

1,325,000

The investment property was appraised by Henry Adams LLP in May 2022 at £1,325,000. It is the opinion of the directors that the value of the investment property did not change between the balance sheet date and the date of the appraisal.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2021

293,354

Valuation in 2022

265,000

Cost

766,646

1,325,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

158,636

160,475

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

208

899

Other creditors

270,866

273,037

271,074

273,936

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

600,000

600,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

600,000

600,000

Fixed and floating charge which covers all the property or undertaking of the company.