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Registered number: 06482246










VECTOR DESIGN HOLDINGS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024



 
VECTOR DESIGN HOLDINGS LTD
REGISTERED NUMBER: 06482246

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
3,724,580
3,724,580

  
3,724,580
3,724,580

Current assets
  

Debtors: amounts falling due after more than one year
 5 
262,498
801,900

Debtors: amounts falling due within one year
 5 
376,513
34,284

Cash at bank and in hand
 6 
661,931
434,651

  
1,300,942
1,270,835

Creditors: amounts falling due within one year
 7 
(19,154)
(12,902)

Net current assets
  
 
 
1,281,788
 
 
1,257,933

Total assets less current liabilities
  
5,006,368
4,982,513

  

Net assets
  
5,006,368
4,982,513


Capital and reserves
  

Called up share capital 
  
1,485,288
1,485,288

Capital redemption reserve
  
636,552
636,552

Profit and loss account
  
2,884,528
2,860,673

  
5,006,368
4,982,513


Page 1

 
VECTOR DESIGN HOLDINGS LTD
REGISTERED NUMBER: 06482246

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 comprehensive income 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: 




Mr S E Fielding
Mr C P B Jones
Director
Director


Date: 1 October 2024
Date:1 October 2024

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

Page 2

 
VECTOR DESIGN HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Vector Design Holdings Limited is a private limited company, incorporated and domiciled in England and Wales. Its registered office is Church Farm Barns, Copson Lane, Stadhampton, Oxford, OX44 7TZ. 
The principal activity of the Company is that of a holding Company.
The financial statements are presented in the functional currency of the Company, being pound Sterling.
The financial statements are rounded to the nearest whole pound Sterling.

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

Exemption from preparing consolidated financial statements

The Company, 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
VECTOR DESIGN HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
3,724,580



At 31 March 2024
3,724,580




Page 4

 
VECTOR DESIGN HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other loans
262,498
801,900


2024
2023
£
£

Due within one year

Other loans
376,513
34,284



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
661,931
434,651



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
19,154
6,621

Other creditors
-
6,281

19,154
12,902



8.


Related party transactions

During the year ended 31 March 2024, the Company received dividends from its subsidiary Company totalling £421,129 (2023: £533,140).
Included within other creditors is a loan of £nil (2023: £6,281) owing to the directors of the Company. The loan is non-interest bearing and there are no fixed rates for repayment.


9.


Controlling party

The ultimate controlling parties are Mr S E Fielding and Mr C P B Jones by virtue of their shareholdings in the Company. 


Page 5