VR Digital Ltd - Period Ending 2017-12-31
VR Digital Ltd - Period Ending 2017-12-31
Registration number:
VR Digital Ltd
for the Period from 28 June 2017 to 31 December 2017
Chartered Accountants
Suite 3, 1 - 3 Warren Court
Park Road
Crowborough
East Sussex
TN6 2QX
VR Digital Ltd
Profit and Loss Account for the Period from 28 June 2017 to 31 December 2017
The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
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VR Digital Ltd
(Registration number: 10839107)
Balance Sheet as at 31 December 2017
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Note |
2017 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial period ending 31 December 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
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The director acknowledges his 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 and authorised by the
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Director
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VR Digital Ltd
Notes to the Financial Statements for the Period from 28 June 2017 to 31 December 2017
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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.
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VR Digital Ltd
Notes to the Financial Statements for the Period from 28 June 2017 to 31 December 2017 (continued)
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Debtors |
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Note |
2017 |
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Amounts owed by related parties |
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Share capital |
Allotted, called up and fully paid shares
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2017 |
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No. |
£ |
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1 |
New shares allotted
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During the period |
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