Vimy Ridge Limited - Accounts to registrar (filleted) - small 18.2

Vimy Ridge Limited - Accounts to registrar (filleted) - small 18.2

VIMY RIDGE LIMITED - Company Information

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REGISTERED NUMBER: 08943405 (England and Wales)
















VIMY RIDGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017





VIMY RIDGE LIMITED (REGISTERED NUMBER: 08943405)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2017




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


VIMY RIDGE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2017







DIRECTORS: M P Farmar
Mrs M A Farmar





REGISTERED OFFICE: 62 St Andrew's Road
Henley On Thames
Oxon
RG9 1JD





REGISTERED NUMBER: 08943405 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF
Page 1
VIMY RIDGE LIMITED (REGISTERED NUMBER: 08943405)

STATEMENT OF FINANCIAL POSITION
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 8,749
Investments 5 94,990 94,990
Investment property 6 860,000 860,000
954,990 963,739

CURRENT ASSETS
Debtors 7 - 3,465
Cash at bank 51,813 102,126
51,813 105,591
CREDITORS
Amounts falling due within one year 8 573,688 485,440
NET CURRENT LIABILITIES (521,875 ) (379,849 )
TOTAL ASSETS LESS CURRENT LIABILITIES 433,115 583,890

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 433,015 583,790
SHAREHOLDERS' FUNDS 433,115 583,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
VIMY RIDGE LIMITED (REGISTERED NUMBER: 08943405)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2017


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 Board of Directors on 25 September 2018 and were signed on its
behalf by:





M P Farmar - Director


The notes form part of these financial statements

Page 3
VIMY RIDGE LIMITED (REGISTERED NUMBER: 08943405)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Vimy Ridge 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental income, excluding value added tax. Turnover is recognised in the
period in which the properties are let.

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 cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

Page 4 continued...
VIMY RIDGE LIMITED (REGISTERED NUMBER: 08943405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017
and 31 December 2017 34,999
DEPRECIATION
At 1 January 2017 26,250
Charge for year 8,749
At 31 December 2017 34,999
NET BOOK VALUE
At 31 December 2017 -
At 31 December 2016 8,749

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2017
and 31 December 2017 94,990
NET BOOK VALUE
At 31 December 2017 94,990
At 31 December 2016 94,990

The fixed asset investments represent a share in a property syndicate and the investment is subject to
valuation by the directors at 31 December 2017 on an open market basis. The methods and significant
assumptions used to ascertain the fair value of £94,990 (2016: £94,990) were as follows:

The valuation was prepared having regard to market based evidence for similar properties sold in the local
area, subject to any occupational leases where applicable. The valuations principally focused on a continuation
of existing use, having regard to the current tenancy positions and rent yield approach.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2017
and 31 December 2017 860,000
NET BOOK VALUE
At 31 December 2017 860,000
At 31 December 2016 860,000

Page 5 continued...
VIMY RIDGE LIMITED (REGISTERED NUMBER: 08943405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2017

6. INVESTMENT PROPERTY - continued

Investment properties were subject to valuation by the directors at 31 December 2017 on an open market
basis. The methods and significant assumptions used to ascertain the fair value of £860,000 (2016: £860,000)
were as follows:

The valuation was prepared having regard to market based evidence for similar properties sold in the local
area, subject to any occupational leases where applicable. The valuations principally focused on a continuation
of existing use, having regard to the current tenancy positions and rent yield approach.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors - 3,465

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 7,570 -
Other creditors 550,077 474,220
Directors' loan accounts 3,706 2,999
Accruals and deferred income 12,335 8,221
573,688 485,440

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary 1 100 100

Page 6