Vector Property Management Limited - Accounts to registrar (filleted) - small 18.2
Vector Property Management Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2019 |
| FOR |
| VECTOR PROPERTY MANAGEMENT LIMITED |
| VECTOR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 06693053) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| VECTOR PROPERTY MANAGEMENT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH APRIL 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| VECTOR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 06693053) |
| BALANCE SHEET |
| 30TH APRIL 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| VECTOR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 06693053) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2019 |
| 1. | STATUTORY INFORMATION |
| Vector Property Management Limited is a |
| The company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents income received from property management. |
| Tangible fixed assets |
| Office equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| VECTOR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 06693053) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Office |
| equipment |
| £ |
| COST |
| At 1st May 2018 |
| and 30th April 2019 |
| DEPRECIATION |
| At 1st May 2018 |
| Charge for year |
| At 30th April 2019 |
| NET BOOK VALUE |
| At 30th April 2019 |
| At 30th April 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st May 2018 |
| Deficit for the year | ( |
) |
| At 30th April 2019 |
| VECTOR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 06693053) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2019 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company entered into the following transactions with related parties: |
| Expenses from related parties |
| Party | 2019 | 2018 | Relationship |
| SJO Enterprises Limited | - | 40,000 | Director's spouse is Director |
| Sales to related parties |
| Party | 2019 | 2018 | Relationship |
| DGM Investment Company Limited | 30,000 | - | Common Director |
| Loans to related parties |
| Party | 2019 | 2018 | Relationship |
| D A Owen | 2 | 2 | Director |
| SJO Enterprises Limited | - | 129,192 | Owned by director's wife |
| Loans from related parties |
| Party | 2019 | 2018 | Relationship |
| Vector Capital Finance Limited | 51,319 | 32,319 | Common Directors |
| VHF Management Ltd | - | 66,634 | Common Directors |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the director, Mr D Owen, and Blackheath Enterprises Ltd, a company registered in |
| Guernsey, who each hold 50% of the company's issued share capital. |