IRIS Accounts Production v24.1.9.2 02920363 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029203632022-12-31029203632023-12-31029203632023-01-012023-12-31029203632021-12-31029203632022-01-012022-12-31029203632022-12-3102920363ns15:EnglandWales2023-01-012023-12-3102920363ns14:PoundSterling2023-01-012023-12-3102920363ns10:Director12023-01-012023-12-3102920363ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102920363ns10:SmallEntities2023-01-012023-12-3102920363ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102920363ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102920363ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102920363ns10:FullAccounts2023-01-012023-12-3102920363ns10:OrdinaryShareClass12023-01-012023-12-3102920363ns10:RegisteredOffice2023-01-012023-12-3102920363ns5:CurrentFinancialInstruments2023-12-3102920363ns5:CurrentFinancialInstruments2022-12-3102920363ns5:ShareCapital2023-12-3102920363ns5:ShareCapital2022-12-3102920363ns5:RevaluationReserve2023-12-3102920363ns5:RevaluationReserve2022-12-3102920363ns5:RetainedEarningsAccumulatedLosses2023-12-3102920363ns5:RetainedEarningsAccumulatedLosses2022-12-3102920363ns5:PlantMachinery2023-01-012023-12-3102920363ns5:LandBuildings2022-12-3102920363ns5:PlantMachinery2022-12-3102920363ns5:LandBuildings2023-01-012023-12-3102920363ns5:LandBuildings2023-12-3102920363ns5:PlantMachinery2023-12-3102920363ns5:LandBuildings2022-12-3102920363ns5:PlantMachinery2022-12-3102920363ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102920363ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102920363ns5:CurrentFinancialInstruments2023-01-012023-12-3102920363ns5:DeferredTaxation2022-12-3102920363ns5:DeferredTaxation2023-01-012023-12-3102920363ns5:DeferredTaxation2023-12-3102920363ns10:OrdinaryShareClass12023-12-31029203631ns10:Director12022-12-31029203631ns10:Director12021-12-31029203631ns10:Director12023-01-012023-12-31029203631ns10:Director12022-01-012022-12-31029203631ns10:Director12023-12-31029203631ns10:Director12022-12-31
REGISTERED NUMBER: 02920363 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VANTINA LIMITED

VANTINA LIMITED (REGISTERED NUMBER: 02920363)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VANTINA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S Cammarata





REGISTERED OFFICE: 174 Fulbridge Road
Peterborough
Cambridgeshire
PE4 6SP





REGISTERED NUMBER: 02920363 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

VANTINA LIMITED (REGISTERED NUMBER: 02920363)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300 92,834
Investments 5 1,062 1,429
Investment property 6 520,000 -
521,362 94,263

CURRENT ASSETS
Stocks 7 - 145,681
Debtors 8 - 93,160
Cash at bank 88,584 24,316
88,584 263,157
CREDITORS
Amounts falling due within one year 9 9,761 64,614
NET CURRENT ASSETS 78,823 198,543
TOTAL ASSETS LESS CURRENT LIABILITIES 600,185 292,806

PROVISIONS FOR LIABILITIES 10 70,438 16,203
NET ASSETS 529,747 276,603

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 281,452 -
Retained earnings 248,195 276,503
SHAREHOLDERS' FUNDS 529,747 276,603

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

VANTINA LIMITED (REGISTERED NUMBER: 02920363)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 8 August 2024 and were signed by:





S Cammarata - Director


VANTINA LIMITED (REGISTERED NUMBER: 02920363)

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


1. STATUTORY INFORMATION

Vantina 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Plant and machinery - 10% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

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.

VANTINA LIMITED (REGISTERED NUMBER: 02920363)

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


2. ACCOUNTING POLICIES - continued

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

VANTINA LIMITED (REGISTERED NUMBER: 02920363)

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


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023 92,500 6,743 99,243
Reclassification/transfer (92,500 ) - (92,500 )
At 31 December 2023 - 6,743 6,743
DEPRECIATION
At 1 January 2023 - 6,409 6,409
Charge for year - 34 34
At 31 December 2023 - 6,443 6,443
NET BOOK VALUE
At 31 December 2023 - 300 300
At 31 December 2022 92,500 334 92,834

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Cost brought forward 1,429 1,429
Revaluation (367 ) -
1,062 1,429

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 281,819
Reclassification/transfer 238,181
At 31 December 2023 520,000
NET BOOK VALUE
At 31 December 2023 520,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 281,819
Cost 238,181
520,000

VANTINA LIMITED (REGISTERED NUMBER: 02920363)

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


6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 238,181 -

Investment properties were valued on an open market basis on 31 December 2023 by the director .

7. STOCKS
2023 2022
£    £   
Stocks - 145,681

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 90,000
Directors' current accounts - 3,160
- 93,160

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 3,100 56,692
Corporation tax 5,461 6,400
Accruals 1,200 1,522
9,761 64,614

Amounts owed to group undertakings are unsecured, are interest free and repayable on demand.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 70,438 16,203

Deferred
tax
£   
Balance at 1 January 2023 16,203
Provided during year 54,235
Balance at 31 December 2023 70,438

VANTINA LIMITED (REGISTERED NUMBER: 02920363)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
S Cammarata
Balance outstanding at start of year 3,159 (70 )
Amounts advanced 4,491 3,586
Amounts repaid (7,650 ) (357 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,159

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Vantina Holdings Limited by virtue of their 100% shareholding.