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Company registration number: 13809707
Vault Capital Group Ltd
Unaudited filleted financial statements
31 December 2022
Vault Capital Group Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Vault Capital Group Ltd
Directors and other information
Director Mr J G Bowe
Company number 13809707
Registered office 1103 Mount Yard
2 Old Mount Street
Manchester
M4 4GQ
Business address 1103 Mount Yard
2 Old Mount Street
Manchester
M4 4GQ
Accountants Downham Morris & Co
45-49 Greek Street
Stockport
Cheshire
SK3 8AX
Vault Capital Group Ltd
Chartered certified accountants report to the director on the preparation of the
unaudited statutory financial statements of Vault Capital Group Ltd
Year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vault Capital Group Ltd for the year ended 31 December 2022 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Vault Capital Group Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Vault Capital Group Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163. pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vault Capital Group Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Vault Capital Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Vault Capital Group Ltd. You consider that Vault Capital Group Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Vault Capital Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Downham Morris & Co
45-49 Greek Street
Stockport
Cheshire
SK3 8AX
16 February 2024
Vault Capital Group Ltd
Statement of financial position
31 December 2022
31/12/22
Note £ £
Current assets
Cash at bank and in hand 127
_______
127
Creditors: amounts falling due
within one year 5 ( 23,021)
_______
Net current liabilities ( 22,894)
_______
Total assets less current liabilities ( 22,894)
_______
Net liabilities ( 22,894)
_______
Capital and reserves
Called up share capital 1
Profit and loss account ( 22,895)
_______
Shareholders deficit ( 22,894)
_______
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 February 2024 , and are signed on behalf of the board by:
Mr J G Bowe
Director
Company registration number: 13809707
Vault Capital Group Ltd
Notes to the financial statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Vault Capital Group Ltd, 1103 Mount Yard, 2 Old Mount Street, Manchester, M4 4GQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1
The aggregate payroll costs incurred during the year were:
Year
ended
31/12/22
£
Wages and salaries 6,855
_______
5. Creditors: amounts falling due within one year
31/12/22
£
Other creditors 23,021
_______
6. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Year ended 31/12/22
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr J G Bowe - ( 32,783) 10,542 ( 22,241)
_______ _______ _______ _______
No interest is charged on loans with directors and loans are repayable on demand.