Vanbucks Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 05359607

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,882		20,948
Investment Properties	5		31,097,374		33,447,374

			31,113,256		33,468,322
CURRENT ASSETS
Debtors	6	-		8,700
Cash at bank and in hand		20,180		41,863

		20,180		50,563
Creditors: Amounts Falling Due Within One Year	7	(152,181 )		(112,432 )

NET CURRENT ASSETS (LIABILITIES)			(132,001 )		(61,869 )

TOTAL ASSETS LESS CURRENT LIABILITIES			30,981,255		33,406,453

Creditors: Amounts Falling Due After More Than One Year	8		(15,187,918 )		(16,977,709 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(123,601 )		(123,669 )

NET ASSETS			15,669,736		16,305,075

CAPITAL AND RESERVES
Called up share capital	10		2,000		2,000
Share premium account			15,933,586		15,933,586
Other reserves			481,715		481,715
Income Statement			(747,565 )		(112,226 )

SHAREHOLDERS' FUNDS			15,669,736		16,305,075

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Vanbucks Limited

Statement of Financial Position (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr V C Vara

Director

27/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Vanbucks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05359607 . The registered office is 114 Upper Richmond Road, London, SW15 2SP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.

2.2. Going Concern Disclosure

he director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation that the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. Tangible Fixed Assets and Depreciation

Land and freehold property Land and Freehold property are initially recognised at cost. After recognition, under the revaluation model, they are carried at fair value determined with sufficient regularity so as to ensure that the carrying value does not differ materially from that which would be determined using fair value at the end of each reporting period. Such fair values are determined annually by external valuers 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. If an asset’s carrying amount is increased as a result of a revaluation, the increase shall be recognised in other comprehensive income and accumulated in equity. However, the increase shall be recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. The decrease of an asset’s carrying amount as a result of a revaluation shall be recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity, in respect of that asset. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Motor Vehicles	20% on Reducing Balance
Fixtures & Fittings	25% on Reducing Balance

Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.

2.5. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the income statement.

2.6. 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 statement of financial position 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.

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Vanbucks Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.8. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.9. 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 current liabilities.

2.10. Critical Accounting Judgements and Key Sources of Estimation Uncertainity

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates arerecognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	4	3

	4	3

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 March 2024	10,508	32,087	42,595

As at 28 February 2025	10,508	32,087	42,595

Depreciation
As at 1 March 2024	7,065	14,582	21,647
Provided during the period	689	4,377	5,066

As at 28 February 2025	7,754	18,959	26,713

Net Book Value
As at 28 February 2025	2,754	13,128	15,882

As at 1 March 2024	3,443	17,505	20,948

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Vanbucks Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 March 2024	33,447,374
Disposals	(2,350,000 )

As at 28 February 2025	31,097,374

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	8,700

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	149,411	109,686
Taxation and social security	2,770	2,746

	152,181	112,432

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	15,039,633	16,670,278
Other creditors	148,285	307,431

	15,187,918	16,977,709

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	123,601	123,669

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,000	2,000

The nominal value per share is £1 and there are 1,999 Ordinary A shares and 1 Ordinary B share in issue.

11. Pension Commitments

The company operates a defined contribution pension scheme for director and staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the Statement of Financial Position date unpaid contributions of £488 were due to the fund. They are included in Other Creditors.

12. Related Party Transactions

As at 28 February 2025 the company owed the director £148,285 (2024 - £307,431). This amount is a long term liability, interest free and repayable on demand.

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