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REGISTERED NUMBER: 09856687 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Vasili Group Limited

Vasili Group Limited (Registered number: 09856687)






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


Vasili Group Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs. N K Vasili
L Y Vasili
J J Vasili





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 09856687 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Vasili Group Limited (Registered number: 09856687)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 5 150 150
Investment property 6 880,000 880,000
880,150 880,150

CURRENT ASSETS
Debtors 7 335,580 534,093
Cash at bank 3,176 1,212
338,756 535,305
CREDITORS
Amounts falling due within one year 8 228,225 413,433
NET CURRENT ASSETS 110,531 121,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,681

1,002,022

CREDITORS
Amounts falling due after more than one
year

9

(348,000

)

(348,000

)

PROVISIONS FOR LIABILITIES 11 (90,586 ) (90,586 )
NET ASSETS 552,095 563,436

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 271,757 271,757
Retained earnings 13 280,238 291,579
SHAREHOLDERS' FUNDS 552,095 563,436

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.

Vasili Group Limited (Registered number: 09856687)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mrs. N K Vasili - Director


Vasili Group Limited (Registered number: 09856687)

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

1. STATUTORY INFORMATION

Vasili Group 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.

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 represents rents receivable during the year.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Vasili Group Limited (Registered number: 09856687)

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

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 100 50 150
NET BOOK VALUE
At 30 November 2023 100 50 150
At 30 November 2022 100 50 150

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

Subsidiary

Melbourne Grove Limited
Registered office: United Kingdom
Nature of business: Property
%
Class of shares: holding
Ordinary shares 100.00
30.11.23 30.11.22
£    £   
Aggregate capital and reserves (327,034 ) (115,082 )
(Loss)/profit for the year (297,092 ) 6,887

Associated company

Portmore Capital Limited
Registered office:
Nature of business: Property
%
Class of shares: holding
Ordinary shares 50.00
30.9.23 30.9.22
£    £   
Aggregate capital and reserves 39,313 (9,971 )
Profit/(loss) for the year 49,284 (9,065 )

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 880,000
NET BOOK VALUE
At 30 November 2023 880,000
At 30 November 2022 880,000

Vasili Group Limited (Registered number: 09856687)

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

6. INVESTMENT PROPERTY - continued

The investment properties are valued annually by the directors on an open market existing use basis.

The historical cost of the investment properties amount to £517,658 (2022 - £517,658).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 335,530 533,993
Other debtors 50 100
335,580 534,093

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 228,225 413,433

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 10) 348,000 348,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 348,000 348,000

10. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs 348,000 348,000

11. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 90,586 90,586

Deferred
tax
£   
Balance at 1 December 2022 90,586
Balance at 30 November 2023 90,586

Vasili Group Limited (Registered number: 09856687)

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

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 291,579 271,757 563,336
Deficit for the year (11,341 ) - (11,341 )
At 30 November 2023 280,238 271,757 551,995

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L Vasili, a director and major shareholder of the company.