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REGISTERED NUMBER: 13337932 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

FOR

VP 2021 LTD

VP 2021 LTD (REGISTERED NUMBER: 13337932)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VP 2021 LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023







DIRECTOR: Mr Marco Passoni





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 13337932 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

VP 2021 LTD (REGISTERED NUMBER: 13337932)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 234 679
Investments 6 19,020 -
19,254 679

CURRENT ASSETS
Debtors 30,292 -
Investments 45,787 -
Cash at bank and in hand 39,397 67,109
115,476 67,109
CREDITORS
Amounts falling due within one year 110,007 54,265
NET CURRENT ASSETS 5,469 12,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,723

13,523

CAPITAL AND RESERVES
Called up share capital 7 2,000 1,000
Share premium 18,020 -
Fair value reserve 2,463 -
Retained earnings 2,240 12,523
SHAREHOLDERS' FUNDS 24,723 13,523

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

VP 2021 LTD (REGISTERED NUMBER: 13337932)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed by:





Mr Marco Passoni - Director


VP 2021 LTD (REGISTERED NUMBER: 13337932)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

VP 2021 Ltd 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. 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

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 - 33% straight line

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

VP 2021 LTD (REGISTERED NUMBER: 13337932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 December 2023 1,349
DEPRECIATION
At 1 April 2023 670
Charge for period 445
At 31 December 2023 1,115
NET BOOK VALUE
At 31 December 2023 234
At 31 March 2023 679

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 19,020
At 31 December 2023 19,020
NET BOOK VALUE
At 31 December 2023 19,020

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

2.0 Partners Limited
Registered office: United Kingdom
Nature of business: Distributors of luxury goods
%
Class of shares: holding
Ordinary 50.00

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
1,000 Ordinary £1 2,000 1,000

VP 2021 LTD (REGISTERED NUMBER: 13337932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023


7. CALLED UP SHARE CAPITAL - continued

In November 2023, the company issued 1,000 ordinary shares of £1 each in order to acquire 50% of the share capital of 2.0 Partners Limited. This investment is recognised in Fixed Assets Investments.

HMRC clearance was obtained in respect of the share for share exchange transaction.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Marco Passoni.

He holds 100% of the issued share capital of the company.