Company Registration No. 14677440 (England and Wales)
Vital Homes Propco 2 Ltd
Unaudited accounts
for the period from 20 February 2023 to 31 December 2023
Vital Homes Propco 2 Ltd
Unaudited accounts
Contents
Vital Homes Propco 2 Ltd
Company Information
for the period from 20 February 2023 to 31 December 2023
Directors
James Stephen Philip Levy
Elena Pashevkina
Company Number
14677440 (England and Wales)
Registered Office
20 Rowsley Avenue
London
NW4 1AJ
England
Accountants
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
Vital Homes Propco 2 Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
5,493
Creditors: amounts falling due within one year
(502,943)
Net current assets
290,968
Total assets less current liabilities
290,968
Creditors: amounts falling due after more than one year
(314,894)
Profit and loss account
(23,927)
Shareholders' funds
(23,926)
For the period ending 31 December 2023 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 15 April 2024 and were signed on its behalf by
James Stephen Philip Levy
Director
Company Registration No. 14677440
Vital Homes Propco 2 Ltd
Notes to the Accounts
for the period from 20 February 2023 to 31 December 2023
Vital Homes Propco 2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 14677440. The registered office is 20 Rowsley Avenue, London, NW4 1AJ, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
Accrued income and prepayments
51,629
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,242
5
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
489,833
6
Creditors: amounts falling due after more than one year
2023
Amounts owed to group undertakings and other participating interests
314,894
Vital Homes Propco 2 Ltd
Notes to the Accounts
for the period from 20 February 2023 to 31 December 2023
Tax losses carried forward
(5,612)
Credited to other comprehensive income
(5,612)
Provision at end of period
(5,612)
8
Transactions with related parties
At the balance sheet date the company owed £314,89 to Vital Homes Group Ltd
At the balance sheet date the company was owed £1,242 by Vital Homes Investments Ltd, a fellow subsidiary company.
The immediate and ultimate holding company is Vital Homes Group Ltd, a company incorporated in England and Wales.
10
Average number of employees
During the period the average number of employees was 2.