REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 19 JANUARY 2022 TO 30 MARCH 2023 |
FOR |
VAMM HOLDING LTD |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 19 JANUARY 2022 TO 30 MARCH 2023 |
FOR |
VAMM HOLDING LTD |
VAMM HOLDING LTD (REGISTERED NUMBER: 13859308) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 JANUARY 2022 TO 30 MARCH 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
VAMM HOLDING LTD |
COMPANY INFORMATION |
FOR THE PERIOD 19 JANUARY 2022 TO 30 MARCH 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
VAMM HOLDING LTD (REGISTERED NUMBER: 13859308) |
ABRIDGED BALANCE SHEET |
30 MARCH 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Fair value reserve | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
VAMM HOLDING LTD (REGISTERED NUMBER: 13859308) |
ABRIDGED BALANCE SHEET - continued |
30 MARCH 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
VAMM HOLDING LTD (REGISTERED NUMBER: 13859308) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 JANUARY 2022 TO 30 MARCH 2023 |
1. | STATUTORY INFORMATION |
Vamm Holding Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the 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. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
VAMM HOLDING LTD (REGISTERED NUMBER: 13859308) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 JANUARY 2022 TO 30 MARCH 2023 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
Additions | 195,857 |
Loss from share for share |
exchanges | (195,855 | ) |
At 30 March 2023 | 2 |
NET BOOK VALUE |
At 30 March 2023 | 2 |
In February 2022, the company acquired 100% interests in Vamm Company Ltd and Chumley Corporation. These companies subsequently transferred all of their businesses, assets and liabilities to Vamm Holding Ltd via a dividend in specie save for the sum of £1 each, and both became dormant. Clearance from HMRC was obtained in respect of all of these transactions. |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Revaluations | 861,929 |
Transfer from group |
undertakings |
At 30 March 2023 |
NET BOOK VALUE |
At 30 March 2023 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 24 |
At incorporation on 19 January 2022, the shareholders subscribed to 12 ordinary shares of £1 each for cash. |
On 28 February 2022, the company issued a further 12 ordinary shares of £1 each in exchange for the entire share capital of Vamm Company Ltd and Chumley Corporation. |
VAMM HOLDING LTD (REGISTERED NUMBER: 13859308) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 JANUARY 2022 TO 30 MARCH 2023 |
8. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
Profit for the period |
Revaluation | - | 861,929 | 861,929 |
At 30 March 2023 | 1,026,580 |