Vilaflor Limited - Accounts to registrar (filleted) - small 18.2

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REGISTERED NUMBER: 01606502 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2019

FOR

VILAFLOR LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTORS:

V Langberg

Mrs H Langberg

A Langberg

SECRETARY:

Mrs H Langberg

REGISTERED OFFICE:

88 Crawford Street

London

W1H 2EJ

REGISTERED NUMBER:

01606502 (England and Wales)

ACCOUNTANTS:

Cameron Baum Hollander Limited

88 Crawford Street

London

W1H 2EJ

FIXED ASSETS

Investments

52,633

Investment property

1,300,000

1,352,633

CURRENT ASSETS

Debtors

1,468,404

1,253,505

Prepayments and accrued income

9,094

Cash at bank

69,182

313,907

1,537,586

1,576,506

CREDITORS

Amounts falling due within one year

115,912

189,246

NET CURRENT ASSETS

1,421,674

1,387,260

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,774,307

2,739,893

CREDITORS

Amounts falling due after more than one
year

(134,901

)

(158,459

)

PROVISIONS FOR LIABILITIES

(106,334

)

(106,334

)

NET ASSETS

2,533,072

2,475,100

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

1,073,162

Retained earnings

1,459,810

1,401,838

SHAREHOLDERS' FUNDS

2,533,072

2,475,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 January 2020 and were signed on its behalf by:

V Langberg - Director

1.	STATUTORY INFORMATION

Vilaflor Limited is a private company, limited by shares , registered in England and Wales. 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK Pound Sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of rent receivable by the company from its investment properties.

Investment property

Investment properties are initially measured at cost on acquisition and subsequently at fair value as at each

accounts date. Changes in fair value are recognised in the income statement. Deferred taxation is provided on

these gains at the rate expected to apply when the property is sold and charged to the profit and loss account.

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.

Listed fixed asset investments

Listed fixed asset investments are initially measured at cost on acquisition and subsequently at fair value as at

each accounts date. Changes in fair value are recognised in the income statement. Deferred taxation is provided

on these gains at the rate expected to apply when the investment is sold and charged to the profit and loss

account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

COST OR VALUATION

At 6 April 2018

and 5 April 2019

52,633

NET BOOK VALUE

At 5 April 2019

52,633

At 5 April 2018

52,633

Cost or valuation at 5 April 2019 is represented by:

Other

investments

Valuation in 2016

(17,723

)

Valuation in 2017

(12,880

)

Valuation in 2018

(14,080

)

Cost

97,316

52,633

5.	INVESTMENT PROPERTY

Total

FAIR VALUE

At 6 April 2018

and 5 April 2019

1,300,000

NET BOOK VALUE

At 5 April 2019

1,300,000

At 5 April 2018

1,300,000

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

Trade debtors

55,401

29,386

Other debtors

1,401,764

1,214,264

Agents control account

11,239

9,855

1,468,404

1,253,505

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

Bank loans and overdrafts

22,115

Tax

12,511

88,401

Other creditors

55,317

55,315

Directors' current accounts

3,799

Deferred income

19,170

16,616

Accrued expenses

3,000

115,912

189,246

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

Bank loans - 1-2 years

22,115

Bank loans - 2-5 years

66,345

Bank loans more 5 yr by instal

46,441

69,999

134,901

158,459

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

46,441

69,999

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

Bank loans

157,016

180,574

The bank loans are secured by fixed and floating charges over the company's freehold property and assets.

10.

RESERVES

Fair

value

reserve

At 6 April 2018

and 5 April 2019

1,073,162

11.	TRANSACTIONS WITH DIRECTORS

At the year end, £3,799 (2018: £3,799) was owed by the company by Mr V Langberg, a director.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr & Mrs Langberg, the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Vilaflor Limited for the year ended 5 April 2019 which comprise the Income Statement, Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Vilaflor Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vilaflor Limited and state those matters that we have agreed to state to the Board of Directors of Vilaflor Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vilaflor Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Vilaflor Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vilaflor Limited. You consider that Vilaflor Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vilaflor Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cameron Baum Hollander Limited

88 Crawford Street

London

W1H 2EJ

3 January 2020