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REGISTERED NUMBER: 06231244 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

VANILLA MOON FASHION PVT LIMITED

VANILLA MOON FASHION PVT LIMITED (REGISTERED NUMBER: 06231244)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VANILLA MOON FASHION PVT LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: Gautam Mehra





SECRETARY: Deepika Mehra





REGISTERED OFFICE: 31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 06231244 (England and Wales)





AUDITORS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

VANILLA MOON FASHION PVT LIMITED (REGISTERED NUMBER: 06231244)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,240,155 3,664,252
Investment property 6 1,392,654 -
3,632,809 3,664,252

CURRENT ASSETS
Stocks 135,018 87,834
Debtors 7 478,911 228,989
Cash at bank - 117
613,929 316,940
CREDITORS
Amounts falling due within one year 8 959,189 718,851
NET CURRENT LIABILITIES (345,260 ) (401,911 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,287,549 3,262,341

CREDITORS
Amounts falling due after more than one
year

9

1,336,032

1,850,984
NET ASSETS 1,951,517 1,411,357

CAPITAL AND RESERVES
Called up share capital 11 1,000,000 551,000
Retained earnings 951,517 860,357
SHAREHOLDERS' FUNDS 1,951,517 1,411,357

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 by the director and authorised for issue on 29 July 2024 and were signed by:





Gautam Mehra - Director


VANILLA MOON FASHION PVT LIMITED (REGISTERED NUMBER: 06231244)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Vanilla Moon Fashion Pvt 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.

The company's trading address is 34, Clifton Place, London, W2 2SW.

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.

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

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 - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Long leasehold - over the lease term

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

VANILLA MOON FASHION PVT LIMITED (REGISTERED NUMBER: 06231244)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

6,575

5,800

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,745,635 49,181 404 3,795,220
Additions - 825 - 825
Reclassification/transfer (1,497,249 ) - - (1,497,249 )
At 31 March 2024 2,248,386 50,006 404 2,298,796
DEPRECIATION
At 1 April 2023 116,794 13,779 395 130,968
Charge for year 23,210 9,056 2 32,268
Reclassification/transfer (104,595 ) - - (104,595 )
At 31 March 2024 35,409 22,835 397 58,641
NET BOOK VALUE
At 31 March 2024 2,212,977 27,171 7 2,240,155
At 31 March 2023 3,628,841 35,402 9 3,664,252

Long Leasehold - over the term of the lease

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 1,392,654
At 31 March 2024 1,392,654
NET BOOK VALUE
At 31 March 2024 1,392,654

Investment properties were reviewed by the director at the year end taking into account their knowledge of local market conditions and the condition of the properties owned by the company. In their opinion the value shown in the financial statements represents a materially fair value.

The Company had during 2022-23 purchased a new office and accordingly the old office is let out for rent on temporary basis until a suitable buyer is found. Under FRS 102 accounting standards a property that is not owner occupied and rented out for rental income must be classified and treated as an investment property. The Company is determined to sell the temporary let out property and use the proceeds of sale to prepay the loan for the new office.

VANILLA MOON FASHION PVT LIMITED (REGISTERED NUMBER: 06231244)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 467,819 228,174
Prepayments 11,092 815
478,911 228,989

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 220,047 219,597
Amounts owed to group undertakings 602,228 420,605
Corporation tax 39,102 25,049
Tax on interest - 2,721
VAT 56,425 13,499
Other creditors 20,929 6,510
Accrued expenses 20,458 19,986
Interest payable (net of withholding
taxes) to Leiner Shoes Pvt Ltd

-

10,884
959,189 718,851

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 101,418 101,418
Bank loans - 2-5 years 304,254 304,254
Bank loans more 5 yr by instal 930,360 991,813
Loan from parent company
Leiner Shoes PVT LTD - 453,499
1,336,032 1,850,984

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 930,360 991,813

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,437,450 1,498,903

Bank loan is secured on a fixed and floating charge against the properties to which they relate to.

VANILLA MOON FASHION PVT LIMITED (REGISTERED NUMBER: 06231244)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
551,000 Ordinary £1 1,000,000 551,000

On 15 April 2023 the board passed a written resolution to capitalise £449,000 being the loan payable by the parent company Leiner Shoes Pvt Limited at that date. As a result 449,000 ordinary shares of £1 per share in the capital of the company was allotted, credited and fully paid.

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dilun Mistry FCA (Senior Statutory Auditor)
for and on behalf of TC Group

13. RELATED PARTY DISCLOSURES

During the period under review the company purchased stock at cost of £1,147,301.35 (2023: £1,323,884) from Leiner Shoes Pvt Limited. The balance owed at 31 March 2024 was £602,228 (2023: £420,605).

The company received a loan of £1,467,253 in 2015 from Leiner Shoes Pvt Limited. Company has converted the said loan into equity shares of Vanilla Moon. Hence accrued interest is £NIL (2023: £10,884). The balance owed at 31 March 2024 was £NIL (2023: £453,499).

The company is a wholly owned subsidiary of Leiner Shoes Pvt Limited.

Leiner Shoes Pvt Limited is incorporated in India.