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REGISTERED NUMBER: 10778400 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

VITA-GOMBOA LIMITED

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VITA-GOMBOA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: E H M Coles





REGISTERED OFFICE: Crowe U.K. LLP
Riverside House
40-46 High Street
Maidstone
Kent
ME14 1JH





REGISTERED NUMBER: 10778400 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Riverside House
40-46 High Street
Maidstone
Kent
ME14 1JH

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 11,550 -
Investments 5 180,000 200,000
Investment property 6 3,199,836 3,199,836
3,391,386 3,399,836

CURRENT ASSETS
Debtors 7 140,469 207,287
Cash at bank 277,787 223,122
418,256 430,409
CREDITORS
Amounts falling due within one year 8 3,386,806 3,396,498
NET CURRENT LIABILITIES (2,968,550 ) (2,966,089 )
TOTAL ASSETS LESS CURRENT LIABILITIES 422,836 433,747

PROVISIONS FOR LIABILITIES 9 38,411 38,411
NET ASSETS 384,425 395,336

CAPITAL AND RESERVES
Called up share capital 10 190 190
Capital redemption reserve 11 10 10
Retained earnings 11 384,225 395,136
SHAREHOLDERS' FUNDS 384,425 395,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 21 February 2024 and were signed by:





E H M Coles - Director


VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Vita-Gomboa 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.

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 as modified by the revaluation of certain assets.

Going concern
Accounting standards require the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that he considers that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The director believes this to be the case as the company has positive cash balances and the only significant liability is an amount owed to the director, who has confirmed that he will not demand repayment at the detriment of the company's ability to continue as a going concern.

Thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised at date of invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the life of the lease

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

Investments
Investments held as fixed assets are recognised at cost less any impairment.

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold
£
COST
Additions 12,158
At 31 May 2023 12,158
DEPRECIATION
Charge for year 608
At 31 May 2023 608
NET BOOK VALUE
At 31 May 2023 11,550

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 June 2022 200,000
Impairments (20,000 )
At 31 May 2023 180,000
NET BOOK VALUE
At 31 May 2023 180,000
At 31 May 2022 200,000

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2022
and 31 May 2023 3,199,836
NET BOOK VALUE
At 31 May 2023 3,199,836
At 31 May 2022 3,199,836

Fair value at 31 May 2023 is represented by:
£
Valuation in 2021 153,644
Cost 3,046,192
3,199,836

The director has considered the value of the investment properties, and has deemed that no revaluation was required at the balance sheet date.

7. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 3,890 49,247
Other debtors 16,889 16,227
Tax 34,760 39,995
55,539 105,469

Amounts falling due after more than one year:
Other debtors 84,930 101,818

Aggregate amounts 140,469 207,287

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Corporation tax 2,274 12,381
Directors' loan accounts 3,380,595 3,380,595
Accruals and deferred income 3,937 3,522
3,386,806 3,396,498

9. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 38,411 38,411

Deferred tax
£
Balance at 1 June 2022 38,411
Balance at 31 May 2023 38,411

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100
55 Ordinary A £1 55 55
20 Ordinary B £1 20 20
15 Ordinary C £1 15 15
190 190

The Ordinary shares have voting rights, the right to receive a dividend, rights to capital on winding up or other repayment of capital, and no shares are redeemable.

The Ordinary A, B and C shares have no voting rights, the right to receive a dividend, rights to capital on winding up or other repayment of capital, and no shares are redeemable.

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 June 2022 395,136 10 395,146
Deficit for the year (10,911 ) (10,911 )
At 31 May 2023 384,225 10 384,235

Included in the above is £115,233 (2022: £115,233) of non-distributable reserves.

12. RELATED PARTY DISCLOSURES

E H M Coles
Director

At the year end, an amount of £3,380,595 (2022: £3,380,595) was owed to the director and included in creditors due within one year. The amount is interest free and repayable on demand.

Close family members of the director

In a prior year, £170,000 was loaned to close family members of the director. Interest at 4% per annum is charged on this loan and repayments totalling £20,654 (2022: £20,654) were made during the year. At the year end £101,818 (2022: £118,046) was due to the company and included under other debtors.

13. ULTIMATE CONTROLLING PARTY

The controlling party is E H M Coles.