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REGISTERED NUMBER: 04012520 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Vienco Limited

Vienco Limited (Registered number: 04012520)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vienco Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: C Russell





SECRETARY: Mrs C I Russell





REGISTERED OFFICE: 36 Steedman Avenue
Nottingham
NG3 6DL





REGISTERED NUMBER: 04012520 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Vienco Limited (Registered number: 04012520)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,226 53,294
Investment property 5 1,330,000 1,330,000
1,371,226 1,383,294

CURRENT ASSETS
Debtors 6 5,516 4,542
Cash at bank and in hand 147,480 238,115
152,996 242,657
CREDITORS
Amounts falling due within one year 7 18,202 17,912
NET CURRENT ASSETS 134,794 224,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,506,020

1,608,039

PROVISIONS FOR LIABILITIES 149,436 144,886
NET ASSETS 1,356,584 1,463,153

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 9 626,614 632,314
Retained earnings 728,970 829,839
SHAREHOLDERS' FUNDS 1,356,584 1,463,153

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 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.

Vienco Limited (Registered number: 04012520)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





C Russell - Director


Vienco Limited (Registered number: 04012520)

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

1. STATUTORY INFORMATION

Vienco 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. 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.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Vienco Limited (Registered number: 04012520)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 80,599 54,320 134,919
DEPRECIATION
At 1 December 2022 68,045 13,580 81,625
Charge for year 1,883 10,185 12,068
At 30 November 2023 69,928 23,765 93,693
NET BOOK VALUE
At 30 November 2023 10,671 30,555 41,226
At 30 November 2022 12,554 40,740 53,294

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,330,000
NET BOOK VALUE
At 30 November 2023 1,330,000
At 30 November 2022 1,330,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2016 443,596
Valuation in 2021 330,000
Cost 556,404
1,330,000

Vienco Limited (Registered number: 04012520)

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

5. INVESTMENT PROPERTY - continued

The investment properties were valued during the year at open market value at £1,330,000 (2022: 1,330,000) by Mr C Russell the director of the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,513 1,938
Prepayments and accrued income 4,003 2,604
5,516 4,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 4,663 8,772
Social security and other taxes 2,488 959
Directors' current accounts 1,116 571
Accruals and deferred income 9,935 7,610
18,202 17,912

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Revaluation
reserve
£   
At 1 December 2022 632,314
Deferred tax (5,700 )

At 30 November 2023 626,614

10. OTHER FINANCIAL COMMITMENTS

The company has outstanding financial commitments in respect of operating leases of £2,133 (2022 - £4,314)

Vienco Limited (Registered number: 04012520)

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

11. ULTIMATE CONTROLLING PARTY

The company was under the control of the director Mr Russell and his wife in the current, and previous, year by virtue of the fact that they jointly own all the share capital of the company.