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REGISTERED NUMBER: 11273593 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

VAJK Limited

VAJK Limited (Registered number: 11273593)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VAJK Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr A Johny
Dr V Markos



REGISTERED OFFICE: Foxgrove
Painswick Road
Brockworth
Gloucester
Gloucestershire
GL3 4RU



REGISTERED NUMBER: 11273593 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Starling Bank
5th Floor
London Fruit & Wool Exchange
1 Duval Square
London
E1 6PW

VAJK Limited (Registered number: 11273593)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 874 904
Investment property 5 385,000 382,000
385,874 382,904

CURRENT ASSETS
Debtors 6 8,552 4,205
Cash at bank 98,770 53,237
107,322 57,442
CREDITORS
Amounts falling due within one year 7 327,755 318,876
NET CURRENT LIABILITIES (220,433 ) (261,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,441

121,470

PROVISIONS FOR LIABILITIES 1,229 172
NET ASSETS 164,212 121,298

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 4,204 -
Retained earnings 159,908 121,198
SHAREHOLDERS' FUNDS 164,212 121,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VAJK Limited (Registered number: 11273593)

Statement of Financial Position - continued
31 March 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 Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:




Dr A Johny - Director



Dr V Markos - Director


VAJK Limited (Registered number: 11273593)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

VAJK Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
Despite net current liabilities of £220,433 at 31 March 2024 (2023 - £261.434) the financial statements have been prepared on a going concern basis. The directors have reviewed the future cash flows of the business and have expressed their intention to financially support the business for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

VAJK Limited (Registered number: 11273593)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 April 2023 1,385
Additions 648
At 31 March 2024 2,033
Depreciation
At 1 April 2023 481
Charge for year 678
At 31 March 2024 1,159
Net book value
At 31 March 2024 874
At 31 March 2023 904

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023 382,000
Revaluations 3,000
At 31 March 2024 385,000
Net book value
At 31 March 2024 385,000
At 31 March 2023 382,000

The directors have reviewed the local property market and made enquiries with local agents, determining that the fair value of the investment property has increased as reflected above.

If investment property had not been revalued it would have been included at the historical cost of £379,395 (2023 - £379,395).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 8,552 4,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 9,643 8,776
Other creditors 318,112 310,100
327,755 318,876

VAJK Limited (Registered number: 11273593)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. RESERVES
Fair
value
reserve
£   
Fair value gains 4,204

At 31 March 2024 4,204

9. RELATED PARTY DISCLOSURES

Dr A Johny and Dr V Markos
Directors

A loan exists between the company and its directors. At 31 March 2024, the company owed the directors £317,211 (2023 - £309,141). The loan is interest free and has no fixed repayment terms.