Viga Homes Limited - Accounts to registrar (filleted) - small 23.2.5

Viga Homes Limited - Accounts to registrar (filleted) - small 23.2.5

VIGA HOMES LIMITED - Company Information

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REGISTERED NUMBER: 08667297 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

VIGA HOMES LIMITED
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIGA HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: R G Kennedy





REGISTERED OFFICE: Dept 107
601 International House
223 Regent Street
London
W1B 2QD





REGISTERED NUMBER: 08667297 (England and Wales)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA
Page 1
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,139 4,139

CURRENT ASSETS
Stocks 45,129 45,129
Debtors 5 858,605 858,605
Cash at bank and in hand 820 820
904,554 904,554
CREDITORS
Amounts falling due within one year 6 618,415 618,415
NET CURRENT ASSETS 286,139 286,139
TOTAL ASSETS LESS CURRENT
LIABILITIES
290,278
290,278

CREDITORS
Amounts falling due after more than one
year
7
48,083
48,083
NET ASSETS 242,195 242,195

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 242,095 242,095
SHAREHOLDERS' FUNDS 242,195 242,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

BALANCE SHEET - continued
31 DECEMBER 2022


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 director and authorised for issue on 10 June 2024 and were signed by:





R G Kennedy - Director


The notes form part of these financial statements

Page 3
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Viga Homes 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Page 4 continued...
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 5,880
DEPRECIATION
At 1 January 2022
and 31 December 2022 1,741
NET BOOK VALUE
At 31 December 2022 4,139
At 31 December 2021 4,139

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Other debtors 858,605 858,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade creditors 44,461 44,461
Taxation and social security 57,661 57,661
Other creditors 516,293 516,293
618,415 618,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/22 31/12/21
£    £   
Bank loans 48,083 48,083

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 48,083 48,083

Page 5