2022-12-012023-11-302023-11-30false11077218VNNC LIMITED2024-08-30iso4217:GBPxbrli:pure110772182022-12-01110772182023-11-30110772182022-12-012023-11-30110772182021-12-01110772182022-11-30110772182021-12-012022-11-3011077218bus:SmallEntities2022-12-012023-11-3011077218bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3011077218bus:FullAccounts2022-12-012023-11-3011077218bus:PrivateLimitedCompanyLtd2022-12-012023-11-3011077218core:WithinOneYear2023-11-3011077218core:AfterOneYear2023-11-3011077218core:WithinOneYear2022-11-3011077218core:AfterOneYear2022-11-3011077218core:ShareCapital2023-11-3011077218core:SharePremium2023-11-3011077218core:RevaluationReserve2023-11-3011077218core:OtherReservesSubtotal2023-11-3011077218core:RetainedEarningsAccumulatedLosses2023-11-3011077218core:ShareCapital2022-11-3011077218core:SharePremium2022-11-3011077218core:RevaluationReserve2022-11-3011077218core:OtherReservesSubtotal2022-11-3011077218core:RetainedEarningsAccumulatedLosses2022-11-3011077218core:LandBuildings2023-11-3011077218core:PlantMachinery2023-11-3011077218core:Vehicles2023-11-3011077218core:FurnitureFittings2023-11-3011077218core:OfficeEquipment2023-11-3011077218core:NetGoodwill2023-11-3011077218core:IntangibleAssetsOtherThanGoodwill2023-11-3011077218core:ListedExchangeTraded2023-11-3011077218core:UnlistedNon-exchangeTraded2023-11-3011077218core:LandBuildings2022-11-3011077218core:PlantMachinery2022-11-3011077218core:Vehicles2022-11-3011077218core:FurnitureFittings2022-11-3011077218core:OfficeEquipment2022-11-3011077218core:NetGoodwill2022-11-3011077218core:IntangibleAssetsOtherThanGoodwill2022-11-3011077218core:ListedExchangeTraded2022-11-3011077218core:UnlistedNon-exchangeTraded2022-11-3011077218core:LandBuildings2022-12-012023-11-3011077218core:PlantMachinery2022-12-012023-11-3011077218core:Vehicles2022-12-012023-11-3011077218core:FurnitureFittings2022-12-012023-11-3011077218core:OfficeEquipment2022-12-012023-11-3011077218core:NetGoodwill2022-12-012023-11-3011077218core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011077218core:ListedExchangeTraded2022-12-012023-11-3011077218core:UnlistedNon-exchangeTraded2022-12-012023-11-3011077218core:MoreThanFiveYears2022-12-012023-11-3011077218core:Non-currentFinancialInstruments2023-11-3011077218core:Non-currentFinancialInstruments2022-11-3011077218dpl:CostSales2022-12-012023-11-3011077218dpl:DistributionCosts2022-12-012023-11-3011077218core:LandBuildings2022-12-012023-11-3011077218core:PlantMachinery2022-12-012023-11-3011077218core:Vehicles2022-12-012023-11-3011077218core:FurnitureFittings2022-12-012023-11-3011077218core:OfficeEquipment2022-12-012023-11-3011077218dpl:AdministrativeExpenses2022-12-012023-11-3011077218core:NetGoodwill2022-12-012023-11-3011077218core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011077218dpl:GroupUndertakings2022-12-012023-11-3011077218dpl:ParticipatingInterests2022-12-012023-11-3011077218dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3011077218core:ListedExchangeTraded2022-12-012023-11-3011077218dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3011077218core:UnlistedNon-exchangeTraded2022-12-012023-11-3011077218dpl:CostSales2021-12-012022-11-3011077218dpl:DistributionCosts2021-12-012022-11-3011077218core:LandBuildings2021-12-012022-11-3011077218core:PlantMachinery2021-12-012022-11-3011077218core:Vehicles2021-12-012022-11-3011077218core:FurnitureFittings2021-12-012022-11-3011077218core:OfficeEquipment2021-12-012022-11-3011077218dpl:AdministrativeExpenses2021-12-012022-11-3011077218core:NetGoodwill2021-12-012022-11-3011077218core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3011077218dpl:GroupUndertakings2021-12-012022-11-3011077218dpl:ParticipatingInterests2021-12-012022-11-3011077218dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3011077218core:ListedExchangeTraded2021-12-012022-11-3011077218dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3011077218core:UnlistedNon-exchangeTraded2021-12-012022-11-3011077218core:NetGoodwill2023-11-3011077218core:IntangibleAssetsOtherThanGoodwill2023-11-3011077218core:LandBuildings2023-11-3011077218core:PlantMachinery2023-11-3011077218core:Vehicles2023-11-3011077218core:FurnitureFittings2023-11-3011077218core:OfficeEquipment2023-11-3011077218core:AfterOneYear2023-11-3011077218core:WithinOneYear2023-11-3011077218core:ListedExchangeTraded2023-11-3011077218core:UnlistedNon-exchangeTraded2023-11-3011077218core:ShareCapital2023-11-3011077218core:SharePremium2023-11-3011077218core:RevaluationReserve2023-11-3011077218core:OtherReservesSubtotal2023-11-3011077218core:RetainedEarningsAccumulatedLosses2023-11-3011077218core:NetGoodwill2022-11-3011077218core:IntangibleAssetsOtherThanGoodwill2022-11-3011077218core:LandBuildings2022-11-3011077218core:PlantMachinery2022-11-3011077218core:Vehicles2022-11-3011077218core:FurnitureFittings2022-11-3011077218core:OfficeEquipment2022-11-3011077218core:AfterOneYear2022-11-3011077218core:WithinOneYear2022-11-3011077218core:ListedExch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VNNC LIMITED

Registered Number
11077218
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

VNNC LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

JOGIYA, Navinchandra
JOGIYA, Vishal
KUMAR, Colin
KUMAR, Neha

Company Secretary

KUMAR, Neha

Registered Address

44-46 Regent Street
Rugby
CV21 2PS

Registered Number

11077218 (England and Wales)
VNNC LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property3700,000517,757
700,000517,757
Current assets
Debtors42,5422,870
Cash at bank and on hand2,001390
4,5433,260
Creditors amounts falling due within one year5(328,643)(309,485)
Net current assets (liabilities)(324,100)(306,225)
Total assets less current liabilities375,900211,532
Creditors amounts falling due after one year6(252,575)(274,287)
Provisions for liabilities7(30,994)-
Net assets92,331(62,755)
Capital and reserves
Called up share capital100100
Other reserves136,682-
Profit and loss account(44,451)(62,855)
Shareholders' funds892,331(62,755)
The financial statements were approved and authorised for issue by the Board of Directors on 30 August 2024, and are signed on its behalf by:
JOGIYA, Vishal
Director
KUMAR, Colin
Director
KUMAR, Neha
Director

Registered Company No. 11077218
VNNC LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20232022
Average number of employees during the year00
3.Investment property
There has been a fair value gain adjustment of £182,243 recognised in the profit or loss for this reporting period. The valuation has been made by the directors based upon market data available of properties sold on or around the reporting date.

£
Fair value at 01 December 22517,757
Fair value adjustments182,243
At 30 November 23700,000
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables1,4172,870
Other debtors1,125-
Total2,5422,870
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables720500
Bank borrowings and overdrafts20,19111,895
Amounts owed to related parties107,261-
Other creditors199,751296,369
Accrued liabilities and deferred income720721
Total328,643309,485
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts252,575274,287
Total252,575274,287
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)30,994-
Total30,994-
8.Fair value reserve

£
Transferred in period136,682
At 30 November 23136,682
9.Related party transactions
At the reporting date, the company owed £107,261 to an entity that holds a 50% participating interest in the share capital of the company. The loan was interest-free and is repayable on demand. This loan is included in other creditors in note 5. The company receives annual rent of £17,000 (2022 - £17,000) from the related party.