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Company registration number: 08235684

Vibrancy III Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Vibrancy III Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Vibrancy III Limited

Company Information

Directors

Mr David Alan William Cook

Mr Christian Neil Stone

P A Lowe

Registered office

Unit 449 Walton Summit Centre
Bamber Bridge
Preston
Lancashire
PR5 8AU

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Vibrancy III Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vibrancy III Limited for the year ended 31 March 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Vibrancy III Limited, as a body, in accordance with the terms of our engagement letter dated 18 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Vibrancy III Limited and state those matters that we have agreed to state to the Board of Directors of Vibrancy III Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vibrancy III Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Vibrancy III Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vibrancy III Limited. You consider that Vibrancy III Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Vibrancy III Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

26 September 2024

 

Vibrancy III Limited

(Registration number: 08235684)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

2,814,031

2,814,031

Current assets

 

Cash at bank and in hand

 

21

-

Creditors: Amounts falling due within one year

5

(13,952)

(13,931)

Net current liabilities

 

(13,931)

(13,931)

Net assets

 

2,800,100

2,800,100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,800,000

2,800,000

Shareholders' funds

 

2,800,100

2,800,100

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2024 and signed on its behalf by:
 

.........................................
Mr David Alan William Cook
Director

   
     
 

Vibrancy III Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 449 Walton Summit Centre
Bamber Bridge
Preston
Lancashire
PR5 8AU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Group accounts not prepared

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated group accounts. These financial statements show information about the company as an individual entity. .

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

The shareholding in Vibrancy II Limited is owned directly by the company. Other shareholdings are owned indirectly, as Morecheck Limited is a 100% subsidiary of Vibrancy Limited, which is a 100% subsidiary of Vibrancy II Limited. Morecheck Limited is the only trading company within the group.

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

 

Vibrancy III Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investments

2024
£

2023
£

Investments in subsidiaries

2,814,031

2,814,031

Subsidiaries

£

Cost or valuation

At 1 April 2023

2,814,031

Provision

Carrying amount

At 31 March 2024

2,814,031

At 31 March 2023

2,814,031

 

Vibrancy III Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Morecheck Limited

Unit 449 Walton Summit Centre
Bamber Bridge
Preston
Lancashire
PR5 8AU

England and Wales

Ordinary shares

100%

100%

Vibrancy Limited

As above

Ordinary shares

100%

100%

Vibrancy II Limited

As above

Ordinary shares

100%

100%

Subsidiary undertakings

Morecheck Limited

The principal activity of Morecheck Limited is engineers and pipework fitters.

Vibrancy Limited

The principal activity of Vibrancy Limited is that of a holding company.

Vibrancy II Limited

The principal activity of Vibrancy II Limited is that of a holding company.

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

13,952

13,931