Registered number
01982098
Vikorta Ltd
Filleted Accounts
30 June 2023
Vikorta Ltd
Registered number: 01982098
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 165,765 647,910
Investments 4 6,393,640 5,919,745
6,559,405 6,567,655
Current assets
Debtors 5 1,605 1,715
Cash at bank and in hand 227,674 208,563
229,279 210,278
Creditors: amounts falling due within one year 6 (8,045) (7,009)
Net current assets 221,234 203,269
Net assets 6,780,639 6,770,924
Capital and reserves
Called up share capital 2 2
Profit and loss account 6,780,637 6,770,922
Shareholders' funds 6,780,639 6,770,924
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M R Dudley
Director
Approved by the board on 2 October 2023
Vikorta Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. Freehold buildings are not depreciated as it is not considered this will reflect the true value of the buildings which are kept in good state of repair.
Plant and machinery 15% reducing balance method
Investments
Listed investments are measured at cost unless fair value is considered to give a more accurate view. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 644,020 32,821 676,841
Disposals (480,000) (26,497) (506,497)
At 30 June 2023 164,020 6,324 170,344
Depreciation
At 1 July 2022 - 28,931 28,931
Charge for the year - 307 307
On disposals - (24,659) (24,659)
At 30 June 2023 - 4,579 4,579
Net book value
At 30 June 2023 164,020 1,745 165,765
At 30 June 2022 644,020 3,890 647,910
4 Investments
Other
investments
£
Cost
At 1 July 2022 5,919,745
Additions 1,886,475
Disposals (1,412,580)
At 30 June 2023 6,393,640
Historical cost
At 1 July 2022 5,919,745
At 30 June 2023 6,393,640
5 Debtors 2023 2022
£ £
Other debtors 1,605 1,715
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,213 2,389
Other creditors 4,832 4,620
8,045 7,009
7 Other information
Vikorta Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Reach
Remenham Lane
Remenham
Henlety on Thames
RG9 3DD
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