Vintage 1977 Limited - Period Ending 2017-01-31

Registration number: 08850532

Vintage 1977 Limited

Unaudited Financial Statements

for the Year Ended 31 January 2017

Beever and Struthers
Chartered Accountants
St Georges House
215 - 219 Chester Road
Manchester
M15 4JE

Vintage 1977 Limited

Contents

Statement of Financial Position	1
Notes to the Financial Statements	2 to 3

Vintage 1977 Limited

(Registration number: 08850532)
Statement of Financial Position as at 31 January 2017

	Note	2017 £	2016 £
Fixed assets
Investment property	3	232,694	232,694
Current assets
Cash at bank and in hand		11,850	10,769
Creditors: Amounts falling due within one year	4	(229,992)	(237,492)
Net current liabilities		(218,142)	(226,723)
Net assets		14,552	5,971
Capital and reserves
Called up share capital		1	1
Profit and loss account		14,551	5,970
Total equity		14,552	5,971

For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 22 September 2017
 

.........................................

Mrs S Vali

Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Vintage 1977 Limited

Notes to the Financial Statements for the Year Ended 31 January 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
Ridge Croft
D'Urton Lane
Broughton
Preston
Lancashire
PR3 5LE
United Kingdom

These financial statements were authorised for issue by the director on 22 September 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS102 Section 1A for small entities. The date of transition is 1 February 2017. The transition to FRS102 Section 1A for small entities has resulted in no changes in accounting policies th those previously used.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 2

Vintage 1977 Limited

Notes to the Financial Statements for the Year Ended 31 January 2017

3	Investment properties

	2017 £
At 1 February	232,694

There has been no valuation of investment property by an independent valuer.

4

Creditors

	Note	2017 £	2016 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		227,500	235,000
Other creditors		2,492	2,492
		229,992	237,492

5	Transition to FRS 102

These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS102 Section 1A for small entities. The date of transition is 1 February 2016. The transition to FRs102 Section 1A for small entities has resulted in no changes in accounting policies to those previously used.

Page 3