Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2true2023-01-01falsefalse2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09919859 2023-01-01 2023-12-31 09919859 2022-01-01 2022-12-31 09919859 2023-12-31 09919859 2022-12-31 09919859 c:Director1 2023-01-01 2023-12-31 09919859 c:Director2 2023-01-01 2023-12-31 09919859 c:RegisteredOffice 2023-01-01 2023-12-31 09919859 d:CurrentFinancialInstruments 2023-12-31 09919859 d:CurrentFinancialInstruments 2022-12-31 09919859 c:FRS102 2023-01-01 2023-12-31 09919859 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09919859 c:FullAccounts 2023-01-01 2023-12-31 09919859 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09919859 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 09919859







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


VT ENTERPRISES LIMITED






































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VT ENTERPRISES LIMITED
 


 
COMPANY INFORMATION


Directors
K R Bhojwani 
V M Talreja 




Registered number
09919859



Registered office
Ground Floor Office No 9
Ritz Parade

London

W5 3RA




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


VT ENTERPRISES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


VT ENTERPRISES LIMITED
REGISTERED NUMBER:09919859



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Fixed assets
  

Investments
 4 
7,500
7,500

  
7,500
7,500

Current assets
  

Debtors: amounts falling due within one year
 5 
525,878
528,913

Cash at bank and in hand
  
274
7

  
526,152
528,920

Creditors: amounts falling due within one year
 6 
(565,043)
(562,488)

Net current liabilities
  
 
 
(38,891)
 
 
(33,568)

Total assets less current liabilities
  
(31,391)
(26,068)

  

  

  

Net assets excluding pension asset
  
(31,391)
(26,068)

Net liabilities
  
(31,391)
(26,068)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(32,391)
(27,068)

  
(31,391)
(26,068)


Page 1

 


VT ENTERPRISES LIMITED
REGISTERED NUMBER:09919859


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K R Bhojwani
Director

Date: 3 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


VT ENTERPRISES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

VT Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 09919859. The company's registered office and principal place of business is Ground Floor Office No 9, Ritz Parade, London, England, United Kingdom, W5 3RA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis on the assumption that the company will continue to trade in the foreseeable future. The directors, having made appropriate enquiries, consider that adequate resources exist for the company to continue in operational existence for the foreseeable future and with the continued support of the company's ultimate shareholders, the company will be able to meet its liabilities as they fall due for payment. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements.

  
2.3

Exemption from preparing consolidated financial statements

VT Enterprises Limited, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

  
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Page 3

 


VT ENTERPRISES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including the directors, during the year was 2 (2022: 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
7,500



At 31 December 2023
7,500






Net book value



At 31 December 2023
7,500



At 31 December 2022
7,500


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
525,878
528,913

525,878
528,913


Page 4

 


VT ENTERPRISES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
561,588
561,588

Accruals and deferred income
3,455
900

565,043
562,488



7.


Related party transactions

As at year end, within other debtors there is an amount of £525,913 owed from the subsidiary, Keysone Limited. This loan is interest free.

 
Page 5