Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
VSM Properties Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6 ) have been prepared.
Accountants' Report to the Board of Directors on the Preparation of the Statutory Accounts of
VSM Properties Ltd
for the Year Ended 31 May 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VSM Properties Ltd for the year ended 31 May 2016 set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of VSM Properties Ltd , as a body, in accordance. Our work has been undertaken solely to prepare for your approval the accounts of VSM Properties Ltd . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VSM Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that VSM Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of VSM Properties Ltd. You consider that VSM Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of VSM Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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SBMC Business Management Ltd
Accountants
432 Gloucester Road
Horfield
Bristol
BS7 8TX
12 September 2016
VSM Properties Ltd
(Registration number: 03195057)
Abbreviated Balance Sheet at 31 May 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
2
VSM Properties Ltd
(Registration number: 03195057)
Abbreviated Balance Sheet at 31 May 2016
......... continued
.........................................
Mr M Thyer
Director
3
VSM Properties Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Asset class |
Depreciation method and rate |
Fixture and fittings |
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Investment properties
Fixed asset investments
Work in progress
Hire purchase and leasing
VSM Properties Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Financial instruments
Pensions
Fixed assets |
Tangible assets
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Investments
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Total
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Cost |
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At 1 June 2015 |
2,747,000 |
7,500 |
2,754,500 |
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Revaluations |
344,668 |
- |
344,668 |
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Additions |
(818) |
- |
(818) |
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Disposals |
(628,000) |
- |
(628,000) |
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At 31 May 2016 |
2,462,850 |
7,500 |
2,470,350 |
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Depreciation |
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At 31 May 2016 |
- |
- |
- |
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Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Significant holdings |
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England and Wales |
Ordinary and Preferential |
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VSM Properties Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
184,000 |
370,000 |
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Amounts falling due after more than one year |
789,778 |
883,000 |
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Total secured creditors |
973,778 |
1,253,000 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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