Vandon Investment Company Limited 30/04/2020 iXBRL
Vandon Investment Company Limited 30/04/2020 iXBRL
Company registration number:
07604572
Trading as
Vandon Investment Company Limited
Contents
Directors and other information
Accountant's report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountant |
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Chartered Accountants | ||
330 Kingsland Road | ||
London | ||
E8 4DA | ||
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Vandon Investment Company Limited
Year ended 30 April 2020
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Vandon Investment Company Limited for the year ended 30 April 2020 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Vandon Investment Company Limited, as a body, in accordance with the terms of my engagement letter dated 10 June 2021. My work has been undertaken solely to prepare for your approval the financial statements of Vandon Investment Company Limited and state those matters that we have agreed to state to the board of directors of Vandon Investment Company Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Vandon Investment Company Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Vandon Investment Company 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 Vandon Investment Company Limited. You consider that Vandon Investment Company Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Vandon Investment Company Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Leskin Galler
Chartered Accountants
330 Kingsland Road
London
E8 4DA
10 June 2021
Abridged statement of financial position
30 April 2020
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Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 June 2021
, and are signed on behalf of the board by:
Director
Company registration number:
07604572
Statement of changes in equity
Year ended 30 April 2020
Called up share capital | Profit and loss account | Total | |||
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At 1 May 2018 |
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Profit for the year |
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Total comprehensive income for the year | - |
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At 30 April 2019 and 1 May 2019 |
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Profit for the year |
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Total comprehensive income for the year | - |
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At 30 April 2020 |
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Notes to the financial statements
Year ended 30 April 2020
1.
General information
The company is a private company limited by shares, registered in Engalnd. The address of the registered office is 59 Granville Road, St. Margarets Bay, Dover, CT15 6DT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Tangible assets
£ | ||
Cost | ||
At 1 May 2019 |
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Additions |
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At 30 April 2020 |
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Depreciation | ||
At 1 May 2019 | - | |
Charge for the year |
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At 30 April 2020 |
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Carrying amount | ||
At 30 April 2020 |
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At 30 April 2019 |
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