Vantage Point Investments Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 14074875 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 28 APRIL 2022 TO 31 MARCH 2023

FOR

VANTAGE POINT INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Marsland

Mr Z Nash

Mr N J Murphy

Mr D L Peterson

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

14074875 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Natwest Plc

15 Victoria Street

Paignton

Devon

TQ4 5DE

SOLICITORS:

Scott Richards Solicitors

Newfoundland House

4 Regent Street

Teignmouth

Devon

TQ14 8SL

FIXED ASSETS

Tangible assets

4

5,773

Investment property

5

1,049,360

1,055,133

CURRENT ASSETS

Debtors

6

58,219

Cash at bank

32,601

90,820

CREDITORS

Amounts falling due within one year

7

395,553

NET CURRENT LIABILITIES

(304,733

)

TOTAL ASSETS LESS CURRENT LIABILITIES

750,400

CREDITORS

Amounts falling due after more than one year

8

(727,429

)

PROVISIONS FOR LIABILITIES

(1,443

)

NET ASSETS

21,528

CAPITAL AND RESERVES

Called up share capital

60

Retained earnings

21,468

SHAREHOLDERS' FUNDS

21,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2023 and were signed on its behalf by:

Mr S J Marsland - Director

Mr Z Nash - Director

Mr N J Murphy - Director

Mr D L Peterson - Director

1.	STATUTORY INFORMATION

Vantage Point Investments Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was NIL.

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

6,327

At 31 March 2023

6,327

DEPRECIATION

Charge for period

554

At 31 March 2023

554

NET BOOK VALUE

At 31 March 2023

5,773

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,049,360

At 31 March 2023

1,049,360

NET BOOK VALUE

At 31 March 2023

1,049,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

31,119

Amounts recoverable on contract

13,931

Other debtors

12,364

Prepayments

805

58,219

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

23,007

Trade creditors

15,567

Tax

3,580

VAT

6,085

MNA Ltd Intercompany account

327,695

Rent in advance

14,187

Accrued expenses

5,432

395,553

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans - 1-2 years

23,797

Bank loans - 2-5 years

79,430

Bank loans more 5 yr by instal

624,202

727,429

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

624,202

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

750,436

The bank loan is a mortgage on the freehold property of the company. Term runs to August 2042.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2023:

£

Mr S J Marsland

Balance outstanding at start of period

-

Amounts advanced

16

Amounts repaid

(16

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

Mr Z Nash

Balance outstanding at start of period

-

Amounts advanced

16

Amounts repaid

(16

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

Mr N J Murphy

Balance outstanding at start of period

-

Amounts advanced

16

Amounts repaid

(16

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

Mr D L Peterson

Balance outstanding at start of period

-

Amounts advanced

12

Amounts repaid

(12

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

11.	RELATED PARTY DISCLOSURES

During the period the company borrowed from Marsland Nash Associates Ltd, a company Mr S Marsland, Mr Z Nash, Mr N Murphy and Mr D Peterson, Directors, are also Directors of, an amount of £327,675.. The amount owing to Marsland Nash Associates Ltd relating to this loan at the period end, is £327,675. The loan is unsecured, interest free and repayable on demand.