V W Properties Limited
Statement of financial position
as at
30 March 2020
Cash at bank and in hand
3,660
Creditors: amounts falling due within one year
(156,543)
Net current liabilities
(141,370)
Total assets less current liabilities
114,682
Provisions for liabilities
Other provisions
(129,560)
Called up share capital
1
Profit and loss account
(14,879)
Shareholders' funds
(14,878)
For the year ending 30 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 October 2021 and were signed on its behalf by
Jelena Van Wieren
Director
Company Registration No. 09513620
V W Properties Limited
Notes to the Accounts
for the year ended 30 March 2020
V W Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09513620. The registered office is CARDIFF ARMS HOTEL, BUTE STREET, TREORCHY, CF42 6BS, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 March 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 31 March 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 31 March 2019
253,352
2,700
256,052
At 30 March 2020
253,352
2,700
256,052
At 30 March 2020
253,352
2,700
256,052
5
Debtors: amounts falling due within one year
2020
6
Investments held as current assets
2020
Listed investments
10,949
V W Properties Limited
Notes to the Accounts
for the year ended 30 March 2020
7
Creditors: amounts falling due within one year
2020
Bank loans and overdrafts
1,112
Taxes and social security
(2,295)
Loans from directors
167,654
8
Average number of employees
During the year the average number of employees was 0.