0 0 0 0 false false false false false false false false false false true false false false false true false 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:EUR 08643602 2022-09-01 2023-08-31 08643602 2023-08-31 08643602 2022-08-31 08643602 2021-09-01 2022-08-31 08643602 2022-08-31 08643602 2021-08-31 08643602 bus:Director1 2022-09-01 2023-08-31 08643602 bus:Director2 2022-09-01 2023-08-31 08643602 bus:CompanySecretary1 2022-09-01 2023-08-31 08643602 core:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 08643602 core:ShareCapital 2023-08-31 08643602 core:ShareCapital 2022-08-31 08643602 core:RetainedEarningsAccumulatedLosses 2023-08-31 08643602 core:RetainedEarningsAccumulatedLosses 2022-08-31 08643602 core:ShareCapital 2021-08-31 08643602 core:RetainedEarningsAccumulatedLosses 2021-08-31 08643602 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 08643602 bus:SmallEntities 2022-09-01 2023-08-31 08643602 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08643602 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08643602 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08643602 bus:FullAccounts 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: 08643602
VERNILAC UK LIMITED
Unaudited Financial Statements
31 August 2023
VERNILAC UK LIMITED
Financial Statements
Year ended 31 August 2023
Contents
Page
Directors' report
1
Income statement
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
VERNILAC UK LIMITED
Directors' Report
Year ended 31 August 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2023 .
Principal activities
The company was not trading in the period.
Directors
The directors who served the company during the year were as follows:
Mr Georgios Varsamis
Mrs Stavroula Michalea
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 February 2024 and signed on behalf of the board by:
Mr Georgios Varsamis
Mrs Stavroula Michalea
Director
Director
Fiduci-Corp (UK) Services Limited
Company Secretary
VERNILAC UK LIMITED
Income Statement
Year ended 31 August 2023
2023
2022
Note
Administrative expenses
960
----
----
Operating profit
960
----
----
Profit before taxation
960
Tax on profit
----
----
Profit for the financial year
960
----
----
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
VERNILAC UK LIMITED
Statement of Financial Position
31 August 2023
2023
2022
Note
Current assets
Cash at bank and in hand
2,851
2,851
-------
-------
Net current assets
2,851
2,851
-------
-------
Total assets less current liabilities
2,851
2,851
-------
-------
Capital and reserves
Called up share capital
30,000
30,000
Profit and loss account
( 27,149)
( 27,149)
--------
--------
Shareholders funds
2,851
2,851
--------
--------
These financial statements have been prepared 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'.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2024 , and are signed on behalf of the board by:
Mr Georgios Varsamis
Mrs Stavroula Michalea
Director
Director
Company registration number: 08643602
VERNILAC UK LIMITED
Statement of Changes in Equity
Year ended 31 August 2023
Called up share capital
Profit and loss account
Total
At 1 September 2021
30,000
( 28,109)
1,891
Profit for the year
960
960
--------
--------
-------
Total comprehensive income for the year
960
960
At 31 August 2022
30,000
( 27,149)
2,851
Profit for the year
--------
--------
-------
At 31 August 2023
30,000
( 27,149)
2,851
--------
--------
-------
VERNILAC UK LIMITED
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Georges House, 6th floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 euro, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Related party transactions
The company was under the control of Vernilac S.A. throughout the current and previous year. Vernilac S.A. is the sole shareholder.