IRIS Accounts Production v24.2.0.383 08765625 Board of Directors 1.12.22 30.11.23 30.11.23 0 0 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087656252022-11-30087656252023-11-30087656252022-12-012023-11-30087656252021-11-30087656252021-12-012022-11-30087656252022-11-3008765625ns15:EnglandWales2022-12-012023-11-3008765625ns14:PoundSterling2022-12-012023-11-3008765625ns10:Director12022-12-012023-11-3008765625ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3008765625ns10:SmallEntities2022-12-012023-11-3008765625ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3008765625ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3008765625ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3008765625ns10:FullAccounts2022-12-012023-11-3008765625ns10:OrdinaryShareClass12022-12-012023-11-3008765625ns10:Director22022-12-012023-11-3008765625ns10:RegisteredOffice2022-12-012023-11-3008765625ns5:CurrentFinancialInstruments2023-11-3008765625ns5:CurrentFinancialInstruments2022-11-3008765625ns5:ShareCapital2023-11-3008765625ns5:ShareCapital2022-11-3008765625ns5:RetainedEarningsAccumulatedLosses2023-11-3008765625ns5:RetainedEarningsAccumulatedLosses2022-11-3008765625ns5:PlantMachinery2022-11-3008765625ns5:PlantMachinery2022-12-012023-11-3008765625ns5:PlantMachinery2023-11-3008765625ns5:PlantMachinery2022-11-3008765625ns5:CostValuation2022-11-3008765625ns5:RevaluationsIncreaseDecreaseInInvestments2023-11-3008765625ns5:CostValuation2023-11-3008765625ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3008765625ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3008765625ns10:OrdinaryShareClass12023-11-30087656251ns10:Director12022-11-30087656251ns10:Director12021-11-30087656251ns10:Director12022-12-012023-11-30087656251ns10:Director12021-12-012022-11-30087656251ns10:Director12023-11-30087656251ns10:Director12022-11-30
REGISTERED NUMBER: 08765625 (England and Wales)











Vibe Generation Holdings Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Vibe Generation Holdings Limited (Registered number: 08765625)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Vibe Generation Holdings Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D Pritchett
A Maxwell





REGISTERED OFFICE: 6 Charter Point Way
Ashby Park
Ashby de la Zouch
LE65 1NF





REGISTERED NUMBER: 08765625 (England and Wales)





ACCOUNTANTS: Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF

Vibe Generation Holdings Limited (Registered number: 08765625)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,875 3,193
Investments 6 2,620,126 2,671,533
2,623,001 2,674,726

CURRENT ASSETS
Debtors 7 100 517
Cash at bank 89,185 143,827
89,285 144,344
CREDITORS
Amounts falling due within one year 8 257,734 284,337
NET CURRENT LIABILITIES (168,449 ) (139,993 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,454,552

2,534,733

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,454,452 2,534,633
SHAREHOLDERS' FUNDS 2,454,552 2,534,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




D Pritchett - Director


Vibe Generation Holdings Limited (Registered number: 08765625)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Vibe Generation Holdings 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Compliance with accounting standards
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

These accounts are prepared on the going concern basis, based on the continuing support of the director.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Vibe Generation Holdings Limited (Registered number: 08765625)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 4,790
Additions 1,918
At 30 November 2023 6,708
DEPRECIATION
At 1 December 2022 1,597
Charge for year 2,236
At 30 November 2023 3,833
NET BOOK VALUE
At 30 November 2023 2,875
At 30 November 2022 3,193

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 December 2022 506,000 2,165,533 2,671,533
Revaluations - (89,164 ) (89,164 )
Dividends received - 37,757 37,757
At 30 November 2023 506,000 2,114,126 2,620,126
NET BOOK VALUE
At 30 November 2023 506,000 2,114,126 2,620,126
At 30 November 2022 506,000 2,165,533 2,671,533

Vibe Generation Holdings Limited (Registered number: 08765625)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 2,114,126 2,114,126
Cost 506,000 - 506,000
506,000 2,114,126 2,620,126

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 100 517

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 250,000 250,000
Taxation and social security 2,082 15,287
Other creditors 5,652 19,050
257,734 284,337

9. CALLED UP SHARE CAPITAL

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
D Pritchett
Balance outstanding at start of year (18,349 ) (18,574 )
Amounts advanced 80,350 85,023
Amounts repaid (66,952 ) (84,798 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,951 ) (18,349 )