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REGISTERED NUMBER: 07613722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VECTIS HEALTH LIMITED

VECTIS HEALTH LIMITED (REGISTERED NUMBER: 07613722)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VECTIS HEALTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A G Whithorn





REGISTERED OFFICE: 1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
CV4 8HX





REGISTERED NUMBER: 07613722 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

VECTIS HEALTH LIMITED (REGISTERED NUMBER: 07613722)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 208,257 211,237
208,257 211,237

CURRENT ASSETS
Debtors 6 7,500 -
Cash at bank 156,772 212,947
164,272 212,947
CREDITORS
Amounts falling due within one year 7 26,794 81,609
NET CURRENT ASSETS 137,478 131,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,735

342,575

PROVISIONS FOR LIABILITIES 11,600 12,166
NET ASSETS 334,135 330,409

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 8 73,629 76,609
Retained earnings 260,496 253,790
334,135 330,409

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.

VECTIS HEALTH LIMITED (REGISTERED NUMBER: 07613722)

BALANCE SHEET - 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 31 July 2024 and were signed by:





A G Whithorn - Director


VECTIS HEALTH LIMITED (REGISTERED NUMBER: 07613722)

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

1. STATUTORY INFORMATION

Vectis Health 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.
Computer equipment - 25% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

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

VECTIS HEALTH LIMITED (REGISTERED NUMBER: 07613722)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 320
DEPRECIATION
At 1 January 2023
and 31 December 2023 320
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 211,237
Revaluations (2,980 )
At 31 December 2023 208,257
NET BOOK VALUE
At 31 December 2023 208,257
At 31 December 2022 211,237

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2015 6,229
Valuation in 2016 11,865
Valuation in 2017 8,329
Valuation in 2018 4,571
Valuation in 2019 2,053
Valuation in 2020 13,256
Valuation in 2021 10,483
Valuation in 2022 19,823
Valuation in 2023 (2,980 )
Cost 134,628
208,257

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,500 -

VECTIS HEALTH LIMITED (REGISTERED NUMBER: 07613722)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 1,910 9,071
Directors' current accounts 23,942 71,644
Accrued expenses 942 894
26,794 81,609

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 76,609
Movement in fair value reserve (2,980 )

At 31 December 2023 73,629