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REGISTERED NUMBER: 02588833 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SJAAK VAN DER VYVER LIMITED

SJAAK VAN DER VYVER LIMITED (REGISTERED NUMBER: 02588833)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SJAAK VAN DER VYVER LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: I S Van Der Vyver





REGISTERED OFFICE: Rosehill
Kinsley Road
Knighton
Powys
LD7 1DY





REGISTERED NUMBER: 02588833 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

SJAAK VAN DER VYVER LIMITED (REGISTERED NUMBER: 02588833)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 3,842,306 3,705,960
Cash at bank 644 767
3,842,950 3,706,727
CREDITORS
Amounts falling due within one year 5 (791,439 ) (734,071 )
NET CURRENT ASSETS 3,051,511 2,972,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,051,511

2,972,656

CAPITAL AND RESERVES
Called up share capital 150,020 150,020
Retained earnings 2,901,491 2,822,636
SHAREHOLDERS' FUNDS 3,051,511 2,972,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





I S Van Der Vyver - Director


SJAAK VAN DER VYVER LIMITED (REGISTERED NUMBER: 02588833)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. GENERAL INFORMATION

Sjaak Van Der Vyver Limited is a private company, limited by share capital and incorporated in England and Wales. The address of the registered office is Rosehill, Kinsley Road, Knighton, Powys, LD7 1DY and its registered number is 02588833.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" and the Companies Act 2006.

The presentation currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Other income
Other income comprises interest receivable on the loans provided by the company. Interest receivable is recorded in the year to which it relates.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Monetary 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SJAAK VAN DER VYVER LIMITED (REGISTERED NUMBER: 02588833)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,842,306 3,705,960

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 3,090
Tax 24,190 3,623
Other creditors 133,356 101,112
Directors' current accounts 629,363 515,390
Accruals and deferred income 4,530 110,856
791,439 734,071

6. RELATED PARTY DISCLOSURES

Sjaak Van Der Vijver B.V., Sjaak Van Der Vijver Holding B.V., Unitrade Sjaak Van Der Vyver UK Limited, I.S. Van Der Vijver Beheer B.V and Unitrade Group B.V. are related parties by virtue of Mr I S Van Der Vyver being a common shareholder.

During the year, total interest received on loans to companies under common control was £136,146 (2022: £137,004).

At the year end there was a total amount due from companies under common control of £3,842,306 (2022: £3,705,960).

At the year end there was a total amount due to companies under common control of £133,356 (2022: £101,112).

At the year end there was an amount due to a Director of £629,363 (2022: £620,390) in the form of a directors' loan account. Interest payable on the loan in the year was £8,973 (2022: £15,011).

During the year, management charges from companies under common control amounted to £25,000 (2022: £105,000).