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REGISTERED NUMBER: 10490947 (England and Wales)















VIMITHAA ENTERPRISES LTD
TRADING AS
COUNDON NEWS AND WINE

Unaudited Financial Statements for the Year Ended 30 November 2023






VIMITHAA ENTERPRISES LTD (REGISTERED NUMBER: 10490947)
TRADING AS COUNDON NEWS AND WINE






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


VIMITHAA ENTERPRISES LTD
TRADING AS COUNDON NEWS AND WINE

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: T Logeswaran MAAT, FCCA



REGISTERED OFFICE: 227 Preston Road
Wembley
Middlesex
HA9 8NF



REGISTERED NUMBER: 10490947 (England and Wales)



ACCOUNTANTS: Millennium Professional Services (UK) Limited
Lotus House
227 Preston Road
Wembley
Middlesex
HA9 8NF



BANKERS: Lloyds
Wembley Branch
PO Box 99
BX1 1LT



SOLICITORS: The Sethi Partnership
The Barn House
38 Meadow Way
Ruislip
HA4 8TB

VIMITHAA ENTERPRISES LTD (REGISTERED NUMBER: 10490947)
TRADING AS COUNDON NEWS AND WINE

Balance Sheet
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,900 30,900
Tangible assets 5 5,875 5,875
36,775 36,775

CURRENT ASSETS
Stocks - 42,174
Debtors 6 15,000 15,000
Cash in hand 3,631 3,631
18,631 60,805
CREDITORS
Amounts falling due within one year 7 83,048 83,048
NET CURRENT LIABILITIES (64,417 ) (22,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,642

)

14,532

CREDITORS
Amounts falling due after more than one
year

8

33,250

33,250
NET LIABILITIES (60,892 ) (18,718 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (60,992 ) (18,818 )
SHAREHOLDERS' FUNDS (60,892 ) (18,718 )

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.

VIMITHAA ENTERPRISES LTD (REGISTERED NUMBER: 10490947)
TRADING AS COUNDON NEWS AND WINE

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 director and authorised for issue on 31 August 2024 and were signed by:





T Logeswaran MAAT, FCCA - Director


VIMITHAA ENTERPRISES LTD (REGISTERED NUMBER: 10490947)
TRADING AS COUNDON NEWS AND WINE

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Vimithaa Enterprises 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

VIMITHAA ENTERPRISES LTD (REGISTERED NUMBER: 10490947)
TRADING AS COUNDON NEWS AND WINE

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 51,500
AMORTISATION
At 1 December 2022
and 30 November 2023 20,600
NET BOOK VALUE
At 30 November 2023 30,900
At 30 November 2022 30,900

VIMITHAA ENTERPRISES LTD (REGISTERED NUMBER: 10490947)
TRADING AS COUNDON NEWS AND WINE

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 1 6,764 6,765
DEPRECIATION
At 1 December 2022
and 30 November 2023 - 890 890
NET BOOK VALUE
At 30 November 2023 1 5,874 5,875
At 30 November 2022 1 5,874 5,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by associates 15,000 15,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 2,769 2,769
Trade creditors 18,618 18,618
Tax 2,440 2,440
Social security and other taxes 3,020 3,020
VAT 5,375 5,375
Other creditors 35,044 35,044
Directors' current accounts 10,232 10,232
Accrued expenses 5,550 5,550
83,048 83,048

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yr by instal 33,250 33,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 33,250 33,250

VIMITHAA ENTERPRISES LTD (REGISTERED NUMBER: 10490947)
TRADING AS COUNDON NEWS AND WINE

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1.00 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2022 (18,818 )
Deficit for the year (42,174 )
At 30 November 2023 (60,992 )