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Registered number: 10782283
Virtalis Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10782283
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 12,675,863 12,675,863
12,675,863 12,675,863
CURRENT ASSETS
Cash at bank and in hand 1,527 834
1,527 834
Creditors: Amounts Falling Due Within One Year 6 (1,633,546 ) (1,517,350 )
NET CURRENT ASSETS (LIABILITIES) (1,632,019 ) (1,516,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,043,844 11,159,347
Creditors: Amounts Falling Due After More Than One Year 7 (2,010,651 ) (1,829,335 )
NET ASSETS 9,033,193 9,330,012
CAPITAL AND RESERVES
Called up share capital 8 77,613 77,613
Share premium account 7,985,261 7,985,261
Profit and Loss Account 970,319 1,267,138
SHAREHOLDERS' FUNDS 9,033,193 9,330,012
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B Hill
Director
28/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Virtalis Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10782283 . The registered office is Chester House, 79 Dane Road, Sale, Manchester, M33 7BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount 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 the revision and future periods where the revision affects both current and future periods.
There have been no judgements, estimates or assumptions made in the preparation of these financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 4)
2 4
4. Investments
Subsidiaries
£
Cost
As at 1 July 2023 12,675,863
As at 30 June 2024 12,675,863
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 12,675,863
As at 1 July 2023 12,675,863
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 603,031 670,000
Other creditors - 24,005
Accruals 25,480 25,480
Deferred Consideration 841,935 797,865
Amounts owed to group undertakings 163,100 -
1,633,546 1,517,350
The bank loans are secured by fixed charges over the assets of the group. 
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 2,010,651 1,829,335
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 77,613 77,613
Page 4