VRH Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11470359 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 JULY 2018 TO 31 JULY 2019

FOR

VRH INVESTMENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms V L Harding

Mr R C Harding

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

11470359 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

51,000

Investment property

5

51,189,821

51,240,821

CURRENT ASSETS

Debtors

17,392

Cash in hand

2

17,394

CREDITORS

Amounts falling due within one year

612,270

NET CURRENT LIABILITIES

(594,876

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,645,945

CREDITORS

Amounts falling due after more than one year

6

18,940,793

NET ASSETS

31,705,152

CAPITAL AND RESERVES

Called up share capital

2

Share premium

31,670,008

Retained earnings

35,142

31,705,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 17 July 2020 and were signed on its behalf by:

Ms V L Harding - Director

1.	STATUTORY INFORMATION

VRH Investments 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

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

The accounts have been prepared on the going concern basis as the directors are of the opinion that the

company will meet its liabilities as and when due, due to the continued support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are

initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can

be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and

losses arising from changes in the fair value of investment properties are included in profit or loss in the period

in which they arise.

Taxation

Taxation for the period 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 period 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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising

from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs.

Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

51,000

At 31 July 2019

51,000

NET BOOK VALUE

At 31 July 2019

51,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

(Asset under construction)

51,189,821

At 31 July 2019

51,189,821

NET BOOK VALUE

At 31 July 2019

51,189,821

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

£

Repayable otherwise than by instalments

Bank loans

18,918,562

7.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

18,918,562

Loans are secured by way of a fixed and floating charge over the properties held by the company.

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £39,105 to Ms V L Harding, a director.

At the balance sheet date, the company owed £67,063 to VRMG Holdings Ltd and £432,522 to M&G Property

Management Ltd, companies with common directorship.