Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10449328 V D Goldstein iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10449328 2022-12-31 10449328 2023-12-31 10449328 2023-01-01 2023-12-31 10449328 frs-core:CurrentFinancialInstruments 2023-12-31 10449328 frs-core:RevaluationReserve 2023-01-01 2023-12-31 10449328 frs-core:RevaluationReserve 2022-12-31 10449328 frs-core:RevaluationReserve 2023-12-31 10449328 frs-core:ShareCapital 2023-12-31 10449328 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10449328 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10449328 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10449328 frs-bus:SmallEntities 2023-01-01 2023-12-31 10449328 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10449328 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10449328 frs-core:ListedExchangeTraded 2023-12-31 10449328 frs-core:ListedExchangeTraded 2022-12-31 10449328 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 10449328 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2023-12-31 10449328 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 10449328 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 10449328 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 10449328 frs-bus:Director1 2023-01-01 2023-12-31 10449328 frs-core:CurrentFinancialInstruments 1 2023-12-31 10449328 frs-countries:EnglandWales 2023-01-01 2023-12-31 10449328 2021-12-31 10449328 2022-12-31 10449328 2022-01-01 2022-12-31 10449328 frs-core:CurrentFinancialInstruments 2022-12-31 10449328 frs-core:RevaluationReserve 2022-12-31 10449328 frs-core:ShareCapital 2022-12-31 10449328 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10449328 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 10449328
Vegen Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10449328
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 3 2,921,978 2,892,050
2,921,978 2,892,050
Creditors: Amounts Falling Due Within One Year 4 (1,012,533 ) (1,012,532 )
NET CURRENT ASSETS (LIABILITIES) (1,012,533 ) (1,012,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,909,445 1,879,518
PROVISIONS FOR LIABILITIES
Deferred Taxation (479,341 ) (471,859 )
NET ASSETS 1,430,104 1,407,659
CAPITAL AND RESERVES
Called up share capital 5 1 1
Revaluation reserve 6 1,438,022 1,415,576
Profit and Loss Account (7,919 ) (7,918 )
SHAREHOLDERS' FUNDS 1,430,104 1,407,659
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 26 September 2024 and were signed on its behalf by:
V D Goldstein
Director
26 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
3. Investments
Listed
£
Cost
As at 1 January 2023 2,892,050
Revaluations 29,928
As at 31 December 2023 2,921,978
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 2,921,978
As at 1 January 2023 2,892,050
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,010,253 1,010,253
Accrued expenses 2,280 2,279
1,012,533 1,012,532
Page 2
Page 3
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
6. Reserves
Revaluation Reserve
£
As at 1 January 2023 1,415,576
Fair value reserves 22,446
As at 31 December 2023 1,438,022
7. Related Party Transactions
At the period end the company owed The V Fund Limited £1,010,253 (2021: £1,010,253), a company which is controlled by V Goldstein. This amount is included in Other Creditors and interest free.
The investment company is 161 & 167 Upper Street Limited, a company which is controlled by V Goldstein.
The ultimate controlling party is The V Fund Group Ltd, a company which is controlled by V Goldstein.
8. General Information
Vegen Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10449328 . The registered office is 119 High Road, Loughton, Essex, IG10 4LT.
The presentation currency of the financial statements is the Pound Sterling (£).
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