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REGISTERED NUMBER: 03779320 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2018

for

Village Investments (UK) Limited

Village Investments (UK) Limited (Registered number: 03779320)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Village Investments (UK) Limited

Company Information
for the Year Ended 31 May 2018







DIRECTORS: S Stavrou
Y Stavrou
T Stavrou
C Stavrou





REGISTERED OFFICE: South Point House
321 Chase Road
Southgate
London
N14 6JT





REGISTERED NUMBER: 03779320 (England and Wales)





ACCOUNTANTS: Chelepis Watson Limited
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Village Investments (UK) Limited (Registered number: 03779320)

Balance Sheet
31 May 2018

31.5.18 31.5.17
Notes £    £   
FIXED ASSETS
Investment property 4 1,761,605 1,450,000

CURRENT ASSETS
Debtors 5 367,029 901,620
Cash at bank and in hand 469,733 66,100
836,762 967,720
CREDITORS
Amounts falling due within one year 6 (314,567 ) (394,754 )
NET CURRENT ASSETS 522,195 572,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,283,800

2,022,966

CREDITORS
Amounts falling due after more than one
year

7

(1,122,736

)

(835,000

)

PROVISIONS FOR LIABILITIES (156,346 ) (159,788 )
NET ASSETS 1,004,718 1,028,178

CAPITAL AND RESERVES
Called up share capital 9 4 1
Fair value reserve 10 922,534 919,092
Retained earnings 10 82,180 109,085
SHAREHOLDERS' FUNDS 1,004,718 1,028,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

Village Investments (UK) Limited (Registered number: 03779320)

Balance Sheet - continued
31 May 2018


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 19 December 2018 and were signed on its behalf
by:





Y Stavrou - Director


Village Investments (UK) Limited (Registered number: 03779320)

Notes to the Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Village Investments (UK) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition
of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents the total rent receivable invoiced during the year.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable
expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation
of investment properties at their fair values are recognised in the income statement.

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.

Village Investments (UK) Limited (Registered number: 03779320)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2017 1,450,000
Additions 311,605
At 31 May 2018 1,761,605
NET BOOK VALUE
At 31 May 2018 1,761,605
At 31 May 2017 1,450,000

The investment properties are valued annually by the directors on an open market existing use basis.

The historical cost of the properties amount to £682,725 (2017 - £371,120).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade debtors 6,675 1,620
Other debtors 360,354 900,000
367,029 901,620

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade creditors 1,903 1,150
Taxation and social security - 3,718
Other creditors 312,664 389,886
314,567 394,754

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.18 31.5.17
£    £   
Bank loans 1,122,736 835,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments 1,122,736 835,000

Village Investments (UK) Limited (Registered number: 03779320)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.18 31.5.17
£    £   
Bank loans 1,122,736 835,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.18 31.5.17
value: £    £   
1 Ordinary shares 1 4 1

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2017 109,085 919,092 1,028,177
Deficit for the year (3,463 ) (3,463 )
Dividends (20,000 ) (20,000 )
Deferred taxation (3,442 ) 3,442 -
At 31 May 2018 82,180 922,534 1,004,714