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REGISTERED NUMBER: 01905770 (England and Wales)














VIPAN CARPENTER & CO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






VIPAN CARPENTER & CO LTD (REGISTERED NUMBER: 01905770)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


VIPAN CARPENTER & CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr C D Carpenter





SECRETARY: Company Secretaries (South) Limited





REGISTERED OFFICE: Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 01905770 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

VIPAN CARPENTER & CO LTD (REGISTERED NUMBER: 01905770)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,224 6,200
Investments 5 1,182,827 1,382,619
1,189,051 1,388,819

CURRENT ASSETS
Debtors 6 177,176 170,668
Cash at bank 8,945 46,429
186,121 217,097
CREDITORS
Amounts falling due within one year 7 7,874 298,277
NET CURRENT ASSETS/(LIABILITIES) 178,247 (81,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,367,298

1,307,639

PROVISIONS FOR LIABILITIES 21,066 2,081
NET ASSETS 1,346,232 1,305,558

CAPITAL AND RESERVES
Called up share capital 8 441,000 441,000
Revaluation reserve 104,650 4,754
Retained earnings 800,582 859,804
SHAREHOLDERS' FUNDS 1,346,232 1,305,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

VIPAN CARPENTER & CO LTD (REGISTERED NUMBER: 01905770)

BALANCE SHEET - continued
30 JUNE 2024


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 13 September 2024 and were signed by:





Mr C D Carpenter - Director


VIPAN CARPENTER & CO LTD (REGISTERED NUMBER: 01905770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Vipan Carpenter & Co 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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

GRANT INCOME
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

VIPAN CARPENTER & CO LTD (REGISTERED NUMBER: 01905770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 10,768
Additions 1,122
At 30 June 2024 11,890
DEPRECIATION
At 1 July 2023 4,568
Charge for year 1,098
At 30 June 2024 5,666
NET BOOK VALUE
At 30 June 2024 6,224
At 30 June 2023 6,200

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 291,000 1,091,619 1,382,619
Additions - 81,322 81,322
Disposals (291,000 ) (84,611 ) (375,611 )
Revaluations - 94,497 94,497
At 30 June 2024 - 1,182,827 1,182,827
NET BOOK VALUE
At 30 June 2024 - 1,182,827 1,182,827
At 30 June 2023 291,000 1,091,619 1,382,619

VIPAN CARPENTER & CO LTD (REGISTERED NUMBER: 01905770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2018 (24,363 )
Valuation in 2019 (4,069 )
Valuation in 2020 (7,383 )
Valuation in 2021 (15,682 )
Valuation in 2022 (32,205 )
Valuation in 2023 (47,094 )
Valuation in 2024 119,698
Cost 1,193,925
1,182,827

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,222,415 1,222,415

Fixed asset investments were valued on an open market basis on 30 June 2023 by the director .

Should the listed investments be sold for their market value, corporation tax of approximately £900 would be due.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 177,176 170,668

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,353 2,881
Taxation and social security 1,049 1,924
Other creditors 2,472 293,472
7,874 298,277

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
441,000 Ordinary £1 441,000 441,000

VIPAN CARPENTER & CO LTD (REGISTERED NUMBER: 01905770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr C D Carpenter
Balance outstanding at start of year (312 ) (237 )
Amounts advanced 312 13,382
Amounts repaid (312 ) (13,457 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (312 )