Registration number:
VB (Philadelphia) Limited
Filleted
for the Year Ended 31 December 2022
VB (Philadelphia) Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
VB (Philadelphia) Limited
Company Information
Director |
Mr M F Hogan |
Registered office |
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Auditor |
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VB (Philadelphia) Limited
(Registration number: 12017365)
Statement of Financial Position as at 31 December 2022
Note |
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2021 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within 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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Total equity |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.
Approved and authorised for issue by the
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VB (Philadelphia) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis.
The company meets its day to day working capital requirements through cash generated from operations and group and intercompany borrowings.
The company’s forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account possible changes in trading performance.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
VB (Philadelphia) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Auditors' remuneration |
The audit fee of VB Philadelphia Limited has been borne by a fellow subsidiary of the Vestbrown (Newco) Limited Group.
Debtors |
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2021 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2021 |
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Due within one year |
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Amounts owed to group undertakings |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2021 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
Audit report |
The name of the Senior Statutory Auditor who signed the audit report on
Azets Audit Services is a trading name of Azets Audit Services Limited