V.J.Portfolio Ltd

V.J.Portfolio Ltd

V.J. PORTFOLIO LTD - Company Information

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Company Registration No. 1803083 (England and Wales)
V.J.Portfolio Ltd Unaudited accounts for the year ended 31 January 2018
V.J.Portfolio Ltd Unaudited accounts Contents
Page
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V.J.Portfolio Ltd Company Information for the year ended 31 January 2018
Directors
A D Alway Mrs N M Alway E Alway C C Alway
Secretary
A D Alway
Company Number
1803083 (England and Wales)
Registered Office
Moreton House 31 High Street Buckingham MK18 1NU
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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V.J.Portfolio Ltd Statement of financial position as at 31 January 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,927 
314 
Investment property
5
1,560,151 
1,217,060 
Investments
6
3,275,329 
3,500,000 
4,838,407 
4,717,374 
Current assets
Debtors
7
178,967 
301,300 
Cash at bank and in hand
270,927 
398,973 
449,894 
700,273 
Creditors: amounts falling due within one year
8
(4,371,272)
(5,263,575)
Net current liabilities
(3,921,378)
(4,563,302)
Total assets less current liabilities
917,029 
154,072 
Provisions for liabilities
Deferred tax
9
(585)
(63)
Net assets
916,444 
154,009 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
914,444 
152,009 
Shareholders' funds
916,444 
154,009 
For the year ending 31 January 2018 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 September 2018.
Mrs N M Alway Director Company Registration No. 1803083
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V.J.Portfolio Ltd Notes to the Accounts for the year ended 31 January 2018
1
Statutory information
V.J.Portfolio Ltd is a private company, limited by shares, registered in England and Wales, registration number 1803083. The registered office is Moreton House, 31 High Street, Buckingham, MK18 1NU. The principal place of business is Lismore, Cheltenham Road, Bisley, Gloucestershire, GL6 7BJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2017
- 
468 
468 
Additions
1,625 
2,114 
3,739 
At 31 January 2018
1,625 
2,582 
4,207 
Depreciation
At 1 February 2017
- 
154 
154 
Charge for the year
325 
801 
1,126 
At 31 January 2018
325 
955 
1,280 
Net book value
At 31 January 2018
1,300 
1,627 
2,927 
At 31 January 2017
- 
314 
314 
5
Investment property
2018 
£ 
Fair value at 1 February 2017
1,217,060 
Additions
343,091 
At 31 January 2018
1,560,151 
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V.J.Portfolio Ltd Notes to the Accounts for the year ended 31 January 2018
6
Investments
Other investments 
£ 
Valuation at 1 February 2017
3,500,000 
Additions
402,456 
Fair value adjustments
614,876 
Disposals
(1,242,003)
Valuation at 31 January 2018
3,275,329 
7
Debtors
2018 
2017 
£ 
£ 
Trade debtors
4,253 
60 
Accrued income and prepayments
1,214 
740 
Other debtors
173,500 
300,500 
178,967 
301,300 
8
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
33 
1,627 
Taxes and social security
29,051 
24,821 
Other creditors
4,513 
2,804 
Loans from directors
4,336,625 
5,233,288 
Accruals
1,050 
1,035 
4,371,272 
5,263,575 
9
Deferred taxation
2018 
2017 
£ 
£ 
Accelerated capital allowances
585 
63 
2018 
2017 
£ 
£ 
Provision at start of year
63 
- 
Charged to the profit and loss account
522 
63 
Provision at end of year
585 
63 
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).
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