Abbreviated Company Accounts - VP PROPERTIES LIMITED

VP PROPERTIES LIMITED - Company Information

04716747 VP PROPERTIES LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 04716747 2014-04-01 2015-03-31 04716747 2015-03-31 04716747 2014-03-31 04716747 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04716747 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:Director4 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director4 2015-03-31 uk-gaap-cd-bus:Director4 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 04716747

VP PROPERTIES LIMITED

Abbreviated Accounts

31 March 2015

VP PROPERTIES LIMITED Registered Number 04716747

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	625,000	625,000
		625,000	625,000
Current assets
Debtors		34,531	18,493
Cash at bank and in hand		81,036	52,258
		115,567	70,751
Prepayments and accrued income		2,247	2,247
Creditors: amounts falling due within one year		(57,549)	(48,059)
Net current assets (liabilities)		60,265	24,939
Total assets less current liabilities		685,265	649,939
Provisions for liabilities		(37,500)	(37,500)
Accruals and deferred income		(37,646)	(51,490)
Total net assets (liabilities)		610,119	560,949
Capital and reserves
Called up share capital	3	1,002	1,002
Share premium account		764,000	764,000
Profit and loss account		(154,883)	(204,053)
Shareholders' funds		610,119	560,949

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 14 January 2016

And signed on their behalf by:
Gillian Linden, Director

VP PROPERTIES LIMITED Registered Number 04716747

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 gross rents received from property management.

Tangible assets depreciation policy
Freehold Investment Properties are valued at the directors valuation.

In accordance with Statement of Standard Accounting Practice No. 19, no provision is made for depreciation of the company's freehold investment properties. This represents a departure from the Companies Act 1985, which requires depreciation to be provided on freehold buildings.

2Tangible fixed assets

	£
Cost
At 1 April 2014	625,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	625,000
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	625,000
At 31 March 2014	625,000

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,002 Ordinary shares of £1 each	1,002	1,002

4Transactions with directors

Name of director receiving advance or credit:	John Phillips
Description of the transaction:	Loans to participators
Balance at 1 April 2014:	£ 16,644
Advances or credits made:	£ 11,400
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 28,044

Name of director receiving advance or credit:	John Phillips
Description of the transaction:	Loans to participator
Balance at 1 April 2014:	£ 16,644
Advances or credits made:	£ 11,400
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 28,044