Vector Property Management Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06693053 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2017

FOR

VECTOR PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D A Owen

SECRETARY:

Mrs S J Owen

REGISTERED OFFICE:

3rd Floor Vantage House

6-7 Claydons Lane

Rayleigh

Essex

SS6 7UP

REGISTERED NUMBER:

06693053 (England and Wales)

FIXED ASSETS

Tangible assets

4

12,225

17,009

CURRENT ASSETS

Debtors

5

15,091

49,338

Cash at bank and in hand

77,266

51,271

92,357

100,609

CREDITORS

Amounts falling due within one year

6

(53,658

)

(68,618

)

NET CURRENT ASSETS

38,699

31,991

TOTAL ASSETS LESS CURRENT LIABILITIES

50,924

49,000

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

50,922

48,998

SHAREHOLDERS' FUNDS

50,924

49,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21st December 2017 and were signed by:

D A Owen - Director

1.	STATUTORY INFORMATION

Vector Property Management 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income received from property management.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1st May 2016

and 30th April 2017

5,164

27,247

32,411

DEPRECIATION

At 1st May 2016

2,454

12,948

15,402

Charge for year

762

4,022

4,784

At 30th April 2017

3,216

16,970

20,186

NET BOOK VALUE

At 30th April 2017

1,948

10,277

12,225

At 30th April 2016

2,710

14,299

17,009

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,613

43,788

Other debtors

7,478

5,550

15,091

49,338

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

9,214

6,301

Taxation and social security

2,025

17,991

Other creditors

42,419

44,326

53,658

68,618

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1st May 2016

48,998

Profit for the year

1,924

At 30th April 2017

50,922

9.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Expenses from related parties

Party

2017

2016

Relationship

Vector Property Investments Limited

62,500

120,500

Common Directors

SJO Enterprises

49,500

-

Director's spouse is Director

Sales to related parties

Party

2017

2016

Relationship

VHF Management Limited

45,960

81,076

Common Directors

Vector Property Investments Limited

5,874

5,874

Common Directors

SJO Enterprises

-

81,600

Owned by director's wife.

Loans to related parties

Party

2017

2016

Relationship

Vector Capital Finance Limited

0

1,000

Common Directors

VHF Management Ltd

3,493

4,550

Common Directors

D A Owen

2

0

Director

Loans from related parties

Party

2017

2016

Relationship

Vector Capital Finance Limited

42,219

0

Common Directors

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr D Owen, and Blackheath Enterprises Ltd, a company registered

in Guernsey, who each hold 50% of the company's issued share capital.