Vikorta Limited 01982098 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is property investment business. The directors are actively exploring potential investment opportunites within the property sector and elsewhere Digita Accounts Production Advanced 6.30.9574.0 true true 01982098 2023-07-01 2024-06-30 01982098 2024-06-30 01982098 bus:OrdinaryShareClass1 2024-06-30 01982098 core:CurrentFinancialInstruments 2024-06-30 01982098 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01982098 bus:SmallEntities 2023-07-01 2024-06-30 01982098 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01982098 bus:FilletedAccounts 2023-07-01 2024-06-30 01982098 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01982098 bus:RegisteredOffice 2023-07-01 2024-06-30 01982098 bus:Director1 2023-07-01 2024-06-30 01982098 bus:Director2 2023-07-01 2024-06-30 01982098 bus:Director3 2023-07-01 2024-06-30 01982098 bus:Director4 2023-07-01 2024-06-30 01982098 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 01982098 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01982098 core:PlantMachinery 2023-07-01 2024-06-30 01982098 countries:AllCountries 2023-07-01 2024-06-30 01982098 2022-07-01 2023-06-30 01982098 2023-06-30 01982098 bus:OrdinaryShareClass1 2023-06-30 01982098 core:CurrentFinancialInstruments 2023-06-30 01982098 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01982098

Vikorta Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Vikorta Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Vikorta Limited

Company Information

Directors

Mr M R Dudley

Mr A R Dudley

Mrs M A Dudley

Mr S R Dudley

Registered office

The Reach Remenham Lane
Remenham Henley On Thames
Reading
Berkshire
RG9 3DD

Accountants

E J Business Consultants Limited
No 2 Toomers Wharf
Canal Walk
Newbury
RG14 1DY

 

Vikorta Limited

(Registration number: 01982098)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

165,458

165,765

Other financial assets

6,493,072

6,393,640

 

6,658,530

6,559,405

Current assets

 

Debtors

(2,796)

1,605

Cash at bank and in hand

 

61,420

227,674

 

58,624

229,279

Creditors: Amounts falling due within one year

(27,127)

(8,045)

Net current assets

 

31,497

221,234

Net assets

 

6,690,027

6,780,639

Capital and reserves

 

Called up share capital

3

2

2

Retained earnings

6,690,025

6,780,637

Shareholders' funds

 

6,690,027

6,780,639

For the financial year ending 30 June 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.

Approved and authorised by the Board on 1 October 2024 and signed on its behalf by:
 

.........................................
Mr M R Dudley
Director

 

Vikorta Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Vikorta Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Vikorta Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £0.01 each

200

2

200

2