Company Registration No. 11910752 (England and Wales)
VMB Properties Limited
Unaudited accounts
for the period from 28 March 2019 to 31 March 2020
VMB Properties Limited
Unaudited accounts
Contents
VMB Properties Limited
Statement of financial position
as at
31 March 2020
Tangible assets
1,821,250
Cash at bank and in hand
48,269
Creditors: amounts falling due within one year
(1,837,627)
Net current liabilities
(1,789,358)
Called up share capital
4
Profit and loss account
31,888
Shareholders' funds
31,892
For the period ending 31 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 directors acknowledge their 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 of Directors and authorised for issue on 29 December 2020 and were signed on its behalf by
Barry John Reynolds
Director
Company Registration No. 11910752
VMB Properties Limited
Notes to the Accounts
for the period from 28 March 2019 to 31 March 2020
VMB Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11910752. The registered office is 10 WESTLEY STREET, BIRMINGHAM, B9 4ER, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 31 March 2020
1,848,520
Charge for the period
27,270
At 31 March 2020
1,821,250
5
Creditors: amounts falling due within one year
2020
Taxes and social security
13,877
Loans from directors
1,815,000
VMB Properties Limited
Notes to the Accounts
for the period from 28 March 2019 to 31 March 2020
6
Average number of employees
During the period the average number of employees was 3.