Abbreviated Company Accounts - V I P LETTINGS LIMITED

V I P LETTINGS LIMITED - Company Information

03946179 V I P LETTINGS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 03946179 2014-04-01 2015-03-31 03946179 2015-03-31 03946179 2014-03-31 03946179 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 03946179 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 03946179

V I P LETTINGS LIMITED

Abbreviated Accounts

31 March 2015

V I P LETTINGS LIMITED Registered Number 03946179

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	768,037	768,037
		768,037	768,037
Current assets
Debtors		1,459	1,227
		1,459	1,227
Creditors: amounts falling due within one year	3	(403,522)	(371,338)
Net current assets (liabilities)		(402,063)	(370,111)
Total assets less current liabilities		365,974	397,926
Creditors: amounts falling due after more than one year	3	(363,071)	(389,497)
Total net assets (liabilities)		2,903	8,429
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		2,901	8,427
Shareholders' funds		2,903	8,429

For the year ending 31 March 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 December 2015

And signed on their behalf by:
Tejpal Dhillon, Director

V I P LETTINGS LIMITED Registered Number 03946179

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
No depreciation has been provided on the Properties and the Director has carefully considered this departure from the requirements of the Companies Act 2006. It is the policy of the board to ensure that the Property Premises are continually maintained in a sound state of repair and accordingly the Director considers that the lives of such premises are so long and the residual value so high that depreciation is unnecessary.

2Tangible fixed assets

	£
Cost
At 1 April 2014	768,037
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	768,037
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	768,037
At 31 March 2014	768,037

3Creditors

	2015 £	2014 £
Instalment debts due after 5 years	227,861	254,595

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	Mr Tejpal Dhillon
Description of the transaction:	Director's loan account
Balance at 1 April 2014:	£ 323,082
Advances or credits made:	£ 28,447
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 351,529